New India targets 18% growth in premium income
G Srinivasan, Chairman and Managing Director, New India Assurance, stated that the company had achieved 19 % growth in premium income last year to reach Rs26,500 crore. “We are targeting…
Electronic Transaction Administration and Settlement System (ETASS)—Co-insurance Module
The General Insurance Council, as you are all aware, has been entrusted with the administration of the Electronic Transaction Administration and Settlement System (ETASS). Recently, the status of implementation of…
Kantar IMRB unveils its annual study on Life Insurance
Year 2018 marks Innovation as the key game changer in the life insurance sector Max Life Insurance, takes the coveted top spot in 2018 Insurance India is an annual study…
Future Generali India Insurance wins Medallia Expy Customer Award
Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game changers Future Group and global insurer Generali, won the ‘Optimize Every Experience…
Now Let Google Home Assist You with Your Queries on General Insurance
DIA, the AI Chatbot service of HDFC ERGO, will now be at your service on Google Home HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the…
Aegon Life Insurance appoints Saba Adil as the Chief Operating Officer
Aegon Life Insurance, the pioneer in online insurance, announced the appointment of Saba Adil as the Chief Operating Officer, with effect from May 2018 to drive the strategic goals and…
IRDAI clarifications on Annual licence fee of Insurance Brokers
To The Principal Officers, All Insurance Brokers,Re : Clarifications on a) Annual licence fee payable by licensed broking entities for the year 2017-18 b) Renewal Fee payable as per Reg 9 of IRDAI (Insurance Brokers…
Exemption on Limits of Expenses of Management
Whereas, M/s Edelweiss General Insurance Company Limited (M/s EGICL) was granted Registration by the Insurance Regulatory and Development Authority of India (the Authority) to conduct general insurance business in India…
Health business
Sarma admitted that company’s gross premium income growth was lower than the industry average of about 15 per cent. This was due to the decision to move away from certain…
United India Insurance posts Rs. 1,003-crore profit in FY 18
Public sector general insurer United India Insurance Company (UIIC) has reported a profit after tax of Rs. 1,003 crore for the year 2017-18, compared with a loss of Rs. 1,914 crore in…