IRDA News: IPO gate opening for general insurers

Only a dozen companies will qualify to float an initial public offering (IPO) as per the draft guidelines put out by the Insurance Regulatory Development Authority (IRDA) recently.

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National Insurance Co launches Preferred Provider Network (PPN) in Kolkata

Preferred Provider Network (PPN) has been introduced by National Insurance, Oriental Insurance, NewIndia Assurance and United India Insurance to limit the mounting losses in the health insurance portfolio. The health portfolio has a high claim ratio of around 100-200% due to overcharging/excess charging by hospitals for the same disease.

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