Reliance General Insurance is still keen on listing on the bourses, though its regulatory approval for the initial public offering has lapsed. “The market conditions are not very conducive and…
IRDAI expects the proposed risk-based capital framework to facilitate the effective functioning of insurance companies that are focused on specific geographies or products. This would also help improve insurance penetration…
Bharti AXA General Insurance, registered a maiden profit of Rs 3.3 crore in the first six months of the current fiscal 2018-19. This company recorded a 38 per cent increase…
IRDAI tweaked the rules that will allow foreign insurers to bid for reinsurance contracts along with GIC RE and bag the same if they offer lower rates than GIC or…
The West Bengal Fire department is making fire audit compulsory for high-rises, shopping malls, market complexes and business establishments of similar nature once in a year. Malls and marketplaces might…
Risk Management Association of India a Non Profit body engaged in promotion and development of Risk Management discipline in India is organising a Full Day Conference RMAI Risk Management Summit 2019…
State Bank of India recently approved the sale of 4 per cent stake in SBI General Insurance for Rs 482 crore to two alternative investment funds (AIFs). The executive committee…
Expands across fire, engineering, marine and liabilities insurance segments. ICICI Lombard General Insurance Company has grown its market share across product lines and has also achieved a milestone in the…
Insurance penetration has improved globally during the past six years, and with the growing incidence of new risks related to climate change and the cyber world, the insurance gap has…
The re-insurance premium paid to foreign re-insurers before amendments to the Insurance Act in 2014 by an Indian insurer cannot be considered as business expenditure, the Chennai Bench of the…