General Insurance News Road accidents up 12% year over year to 4.6 lakh, with 19 fatalities each hour: Report December 7, 2023 admin 135 Views 0 Comments fatalities, Report, road accidents, Traffic Accidents In 2022, there were over 4.6 lakh road accidents in India, accounting for the worrisome 12 percent increase in fatalities Read more
General Insurance News New Policy for Cricket match from ACKO December 7, 2023 admin 124 Views 0 Comments ACKO, Cricket match, new policy, World Cup There are risks associated with watching a cricket match during the World Cup because of the large audiences and intense Read more
General Insurance News Oriental Insurance taking steps to become profitable December 6, 2023 admin 179 Views 0 Comments managing director, non-life insurer, Oriental Insurance With steps taken to control losses, Oriental Insurance Company anticipates turning a profit by the end of the fiscal year. Read more
General Insurance News Non-life insurance might grow at a 14–15% CAGR until FY37. December 6, 2023 admin 130 Views 0 Comments financial services, General Insurance Council, Gross direct premium, non-life insurance Gross direct premium income (GDPI) for the non-life insurance sector is expected to increase by 14% to 15% by FY37. Read more
General Insurance News Ramaswamy Narayanan reappointed GIC Re CMD November 10, 2023 admin 188 Views 0 Comments gic re, Ramaswamy Narayanan GIC Re has appointed Ramaswamy Narayanan as Chairman and Managing Director, effective October 1. He will replace Devesh Srivastava, whose Read more
General Insurance News Reliance General Insurance Co gets Rs. 923 crore GST notices November 9, 2023 admin 139 Views 0 Comments GST notices, NCLT, RELIANCE GENERAL INSURANCE Reliance General Insurance Company has received show cause notices amounting to nearly Rs 923 crore from the Directorate General of Read more
General Insurance News Cyber insurance market to grow 30% November 9, 2023 admin 127 Views 0 Comments cyber insurance, Cybercriminals, Insurance Market, momentum The Cyber Insurance Market in India is expected to grow by 27-30 per cent in the coming years, a Deloitte Read more
General Insurance News Bajaj Allianz gets Rs. 1,010 crore tax demand from GST intelligence November 8, 2023 admin 139 Views 0 Comments Bajaj Allianz, Goods and Services Tax, GST Intelligence, tax demand The Directorate General of Goods and Services Tax Intelligence (GST) has issued a tax demand and Show Cause Cum Demand Read more
General Insurance News Non-life insurers’ monthly premia increase 15% in H1 November 8, 2023 admin 148 Views 0 Comments General Insurance Council, NEW INDIA ASSURANCE, non-life insurance companies, Non-life insurers Non-life insurance companies witnessed a 14.86 per cent year-on-year (Y-o-Y) increase in their monthly premia in the first half Read more
General Insurance News Insurance premium likely to undergo price correction, rise by 15-20% November 7, 2023 admin 149 Views 0 Comments insurance premium, reinsurance costs, the risk management General insurance premium is expected to rise by 15-20 per cent in the coming months as part of the risk Read more