`The results should be out in a month and all eyes are on who will be CMD of NIA, the largest general insurer having operations in 28 countries,’’ said industry sources.

With a combined ratio of 118.5 per cent(148 per cent in 2016-17) in 2017-18, the underwriting losses of the company have drastically fallen to Rs 1923 crores in 2017-18 as against Rs 4336 crores in 2016-17

The underwriting profit of the company soared 359 per cent  to Rs 293 crore in FY 17-18 as against Rs. 64 crore in the previous year as a result of a risk based pricing and prudent underwriting philosophy.

It is very likely to intensify further slightly during the next 12 hours and continue to move westwards for some more time and then move west-southwestwards thereafter, the advisory said.