In 2022, there were over 4.6 lakh road accidents in India, accounting for the worrisome 12 percent increase in fatalities per hour, as reported by the Ministry of Road Transport…
There are risks associated with watching a cricket match during the World Cup because of the large audiences and intense emotions it evokes in viewers. A modern insurer is now…
With steps taken to control losses, Oriental Insurance Company anticipates turning a profit by the end of the fiscal year. Although the management expects premiums to increase to Rs 18,000…
Gross direct premium income (GDPI) for the non-life insurance sector is expected to increase by 14% to 15% by FY37. In a meeting with members of the General Insurance Council,…
GIC Re has appointed Ramaswamy Narayanan as Chairman and Managing Director, effective October 1. He will replace Devesh Srivastava, whose four-year term ended at the close of September 2023 as…
Reliance General Insurance Company has received show cause notices amounting to nearly Rs 923 crore from the Directorate General of GST Intelligence. According to sources, the company has received four…
The Cyber Insurance Market in India is expected to grow by 27-30 per cent in the coming years, a Deloitte report said forecasting cyber insurance gaining momentum. The report indicates…
The Directorate General of Goods and Services Tax Intelligence (GST) has issued a tax demand and Show Cause Cum Demand Notice to Bajaj Allianz General Insurance Company worth Rs 1,010…
Non-life insurance companies witnessed a 14.86 per cent year-on-year (Y-o-Y) increase in their monthly premia in the first half of 2023-34, driven by strong performance across major companies, according…
General insurance premium is expected to rise by 15-20 per cent in the coming months as part of the risk management by the insurers, especially in the wake of the…