The gross direct premium underwritten by non-life insurance companies grew by 7.3 per cent to Rs 18,953.09 crore in December 2021, data from IRDAI showed. The non-life insurance companies…
The government is in discussion with IRDAI seeking extension of special dispensation to the state-run general insurers for meeting solvency requirements. National Insurance Company Limited, Oriental Insurance Company Limited and…
IRDAI has asked companies not to reject Covid claims for antibody cocktail therapy. By terming it as an 'experimental' treatment, the regulator has also asked insurers to review the claims…
The general insurance industry in Australia is projected to grow at a compound annual growth rate (CAGR) of 6.4% from AUD73.29bn ($54.6bn) in 2021 to AUD99.87bn ($73.6bn) in 2026, in…
Tata AIG General Insurance Company, will join the race to provide insurance cover for the Indian conglomerate's airlines, including Air India. Indian state-owned companies presently provide insurance cover to the…
The Department for Promotion of Industry and Internal Trade (DPIIT) will soon start public consultation for a national retail trade policy, which is likely to include an insurance scheme aimed…
PSU general insurers, including New India Assurance (NIA) and United India Insurance (UII), rushed to settle the personal accident (PA) claims of all military personnel, including the first Chief of…
The Centre has appointed two separate groups of experts to suggest suitable working models with cost benefit analysis that will lower crop insurance premium and technology in crop yield estimation…
The government has appointed insurance experts to the Banks Board Bureau to help select and appoint directors on the boards of public sector insurance companies for a two-year term. The…
Insurance companies settled 29.72 per cent of the amount claimed by people and entities affected by cyclones and floods in 2020-21, even as the number of claims declined during the…