GIC Re tops the global ranking
Global Rating Agencies like Standard Poor’s and AM Best boosted the Public sector reinsurer GIC Re, which is in the middle of international road shows to launch its Rs 10,000…
Rs 500-crore hit due to Mumbai floods
Insurers are set to take a hit of Rs 500-crore from recent Mumbai floods, with most of the claims expected to come from the motor and health segments and shops…
Sarma appointed CMD of United India Insurance Co. Ltd.
MN Sarma, Director and General Manager of United India Insurance Co Ltd, has been appointed as the company’s CMD. Before being posted to United India, Sarma was MD & CEO…
Insurance claims for monsoon damaged cars
During monsoon, it is quite a common insurance claim against car engine seizure and at the same time, it is also one of the most disputed because insurers reject out…
NIA leads in claims settlement
New India Assurance, Royal Sundaram and Universal Sompo were the leaders in claims settlement ratios in the non-life industry, representing the number of claims settled during a period out of…
Promising “Festivals’ segment” in South
Bajaj Allianz General Insurance plans to focus on event insurance in the southern market. About 200 event insurance policies this year, of which 50 % were for festivals, reflecting a…
Bajaj Allianz alone makes profits from underwriting in FY 17
Bajaj Allianz emerges as the most profitable private general insurer along with claiming to be the only non life insurer to report an underwriting profit during FY17 Most insurers say…
No export opportunity to be lost for want of finance: ECGC
ECGC plans to invest around Rs 3,500 crores to provide a cushion for traders to strike deals and help ECGC write mega risks and provide adequate cover to exporters. The…
Two new general insurers get license to operate in India
Two new general insurers — Acko and Digit Insurance — have received the final approval from IRDAI to do non life insurance business in India. Acko General Insurance is a…
Standalone Insurance company by Centrum Group in near future
Centrum Group plans to set up a standalone insurance company over a span of next 3 to 5 years through both organic and inorganic routes. Separately, the group has won…