Shriram General Insurance net up 82%
Shriram General Insurance posted an 82 per cent increase in its net profit at Rs. 400 crore in 2017-18. “Our net profit has risen mainly due to increase in investment…
Gadkari asks automakers for safer designs to curb road accidents
Union minister Nitin Gadkari on asked automakers to work towards having safer designs and explore possibility of use of silicon in tyres as part of efforts to reduce road accidents.…
Govt starts process to merge 3 PSU general insurers
The government has held preliminary meetings to set in motion the proposed merger process of three state-owned general insurers, sources said. The proposal for merger of Oriental Insurance, National Insurance…
Chola MS premium rises 31% to touch Rs. 4,103 cr in FY 18
Cholamandalam MS General Insurance Company Limited (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan has achieved a Gross Written Premium of Rs 4103…
Insurers to assess premium under D & O policy
In wake of shakeup in Corporate Boards, growing NPA’s in banks, growing defaults by Corporates, the Insurance companies have begun to re assess their exposure in Director & Liability Policy so…
Now Let Google Home Assist You with Your Queries on General Insurance
HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, launched its AI enabled Chatbot ‘DIA’ on Google Assistant, which enables the users to access…
RERA Creates Rs.10000 crore business for Insurance Companies
The Real Estate Regulatory Act has made it compulsory for developers to get title insurance for all projects, thereby opening a new avenue of over Rs 10,000 crore for insurance…
GIC Re gets ONGC reinsurance contract
GIC Re has got the contract for the reinsurance of Oil & Natural Gas Corporation’s Offshore Package Policy programme 2018-2020. ONGC is the nation’s largest oil exploration and production company…
ICICI Lombard focussing on forensics to detect fraud
ICICI Lombard is planning to use forensic methods to detect fraud in claims by customers, in the backdrop of rising incidents in this regard and loan defaults. Lokanath Kar, its…
PIL filed against Centre’s crop insurance plan
Bhartiya Kisan Sangh has filed a PIL with the Gujarat High Court, to quash Clause 2 of the crop insurance scheme, which makes crop insurance mandatory for farmers, besides seeking…