US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage. Premiums collected from policies written by insurers reached $7.2 billion in…
The solvency positions of India’s three public sector undertaking (PSU) general insurance companies are precarious, having worsened in FY23. This has resulted in private insurers increasing their market share, according…
Private General insurance players have wrested some market share from public sector companies as witnessed in the case of the banking sector in the fiscal year 2022-23 (FY23). The four…
The Insurance Information Bureau of India (IIB) has faced a cyberattack and some of the data it holds may have been compromised, said two people aware of the matter. IIB…
ICICI Lombard said its net income jumped almost 40 per cent to Rs 437 crore for the March quarter, boosted by the base effect in the year-ago period when it…
India plans to host the first state-sponsored global insurance summit later this year to flag challenges facing the industry, turn the global spotlight on Indian insurers and attract investments, an…
Capital-starved state-run general insurance firms are eyeing monetisation of their real estate assets with the government making any future capital infusion conditional. Capital infusion by the government is contingent to…
Royal Sundaram General Insurance Co. Ltd has introduced three add-on covers for its vehicle insurance policies.It has announced a ‘Smart Save’ add-on cover for private cars. This comes at a…
Looking at the importance of animal husbandry in the economy of Rajasthan, the state government is providing schemes, including recently launched insurance cover for milch cattle. In inflation-relief camps, or…
After the Tata group’s takeover of Air India, New India Assurance has lost its tag of the airline’s “lead insurer” to a firm from the conglomerate. New India Assurance had…