General Insurance Corporation of India announces appointment of directors
General Insurance Corporation of India announced the appointment of Anjan Dey, General Manager, New India Assurance Company and Deepak Read more
General Insurance Corporation
GIC Re slips into the red with Q1 loss at Rs. 811 cr
India’s largest reinsurer, General Insurance Corporation (GIC Re), recorded a pre-tax loss of Rs 811.22 crore in the first quarter, Read more
General Insurance Corporation now eyes global buys
India’s national reinsurer General Insurance Corporation (GIC Re) is considering acquiring a Lloyds Syndicate member as a stepping stone to meet its ambition of being among the top five reinsurers globally.
National Insurance Company may soon hike mediclaim premium rates
State-run National Insurance Company (NIC) may soon increase the cost of health insurance premium to offset losses, company cources said. Read more
Motor Insurance Business – A bleeding portfolio worsening after liberalization
The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to transact motor insurance business after the World War I, there was a considerable increase of motor vehicles in all the countries, resulting in increase in number of Road accidents. Read more
Increase of General Insurance penetration in the next decade of innovative technic channels of insurance products
Since the era after nationalization, 1972, General Insurance Corporation (GIC) (amalgamation of 4 subsidiaries:- The New India Assurance Company Limited, The National Insurance Company, The Oriental Insurance and The United India Insurance) subsequently GIPSA (General Insurance Public Sectors Association) have been prevailing with the noble aim of serving the nation of our country under the control of Government of India. Read more