The motor insurance industry in Asia-Pacific (APAC) is projected to grow from $226.0bn in 2020 to $294.2bn in 2025, in terms of written premiums, according to GlobalData, a leading data, and…
Shriram General Insurance fire Loss of profit product has got sandbox nod. This product covers the loss of gross profit or income and / or the increase in working costs…
There has been more than 60 per cent decline in the crop insurance claims of farmers at Rs 9,570 crore under the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the…
Indian non-life insurance segment closed October 21 on a positive note with a total premium of Rs 17,679.98 crore, said Insurance Regulatory and Development Authority of India (IRDAI). According to…
Agriculture Insurance Company (AIC) of India Limited, is in discussions with various commodity boards for exclusive crop-specific insurance schemes. A senior official of the Agriculture Insurance Company said that one…
The country is set to become a reinsurance hub with the International Financial Services Centre Authority (IFSCA), India's first single regulator for the Gujarat-based International Financial Services Centre (IFSC), announcing…
The three PSU non-life insurers - National Insurance, Oriental Insurance and United India - are dealing with uncertainty on multiple fronts. The Delhi high court order setting aside directors' appointments…
General Insurance Corporation of India Limited (GIC Re) reported four-fold jump in its net profit to Rs.1,010.55crore for the quarter ended September 30. The public sector general insurer had posted…
In 2020, every 100 road crashes claimed, on an average, 37 lives as recorded by police across the country, the most in the last five years. Overall road deaths, however,…
More than 80% of Indians live in climate vulnerable districts, and Assam, Andhra Pradesh, Maharashtra, Karnataka and Bihar are states most vulnerable to extreme climate events such as floods, drought…