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Indian
IRDA gives license to Go Digit Life, 4th new insurer in a year
Prem Watsa, founder, chairman, and chief executive of Fairfax...
RBI not planning to regulate social media influencers
Social media influencers peddle personal views or those paying them...
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Meghalaya extends 100% subsidy in premium for crop insurance to state’s farmers
The estimated amount of premium support by the Government of...
International
Swiss Re sees growing demand for insurance protection, positive outlook for premiums
According to Swiss Re Institute, non-life insurance premiums are expected to be 10% higher than the pre-COVID-19 level by the end of 2021. Heightened risk trends will increase the need for insurance protection, but also require a greater focus on evaluating and modelling, and ensuring pricing is adequate for the risks taken.
Lloyd’s reports strong H1 2021 results with pre-tax profit of £1.4bn and 92.2% combined ratio
Premium rates increased by 9.9%, continuing the trend of 15 consecutive quarters of positive rate movement.
The combined ratio of 92.2% (HY 2020: 110.4% and 97.0% excluding COVID-19 claims) is a solid improvement with a 4.8 percentage point reduction on the previous year, excluding COVID-19. These results demonstrate the substantial turnaround of Lloyd’s profitability and performance.
Lloyd’s continued to provide significant support to its customers around the world, paying £9.4bn of claims, including to customers impacted by COVID-19 where 80% of the claims notified to date have been paid.
South African state insurer in talks over larger bailout
Peter Zaffino to assume additional role of Chairman of AIG from Jan 2022
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