Non-life insurance might grow at a 14–15% CAGR until FY37.
Gross direct premium income (GDPI) for the non-life insurance sector is expected to increase by 14% to 15% by FY37. Read more
financial services
“India needs atleast 1000 qualified actuaries in the near future”, IRDAI Chairman
Addressing the inaugural session of the 21st Global Conference of Actuaries (GCA), Chief Guest Dr. Subhash Chandra Khuntia, Chairman Insurance Read more
Institute of Actuaries of India organised the 21st Global Conference of Actuaries in Mumbai
Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries of Act 2006 (35 of 2006) Read more
A Miracle Called Insurance
Recently, I went to give a lecture on Insurance at a local school in Muscat. The lecture was, in fact, intended to tell basics about insurance. All went well. Couple of days later, I received this following mail from a girl called Ms. Priya. This girl has asked a very innocent question. The answer tests our understanding of Insurance. I am imperfect. However, I tried my best to answer her.
Please Read on… Read more
Iran oil: Insurance fund alone not enough to sort out refiners’ problems
The Petroleum & Natural Gas Ministry is willing to pool in half the amount into the Rs 2,000-crore proposed fund to provide insurance to domestic refiners which process Iranian crude oil.
Shriram Group to focus on low-cost banking
Shriram Group has said that it will seek a banking licence for a new group entity which will focus small-ticket loans and will have a low-cost model. Read more
Refineries denied insurance over Iran crude
MRPL and Chennai Petroleum Corporation are facing a crisis situation with reinsurers stating that their coverage will not be available to any company processing Iranian crude. While both these refiners process Iranian crude oil, Chennai Petroleum Corporation is worse affected as the Iranian oil companies have a 15% stake. Read more
General Insurance: Reliance Capital in talks for stake sale in general insurance arm
Financial services major Reliance Capital group has begun talks to sell 26 per cent equity in its general insurance arm to a foreign partner, and is open to selling further stake in life insurance and mutual fund units. “We are in talks for sale of 26 per cent stake in general insurance business to a foreign strategic partner,” Reliance Capital CEO Sam Ghosh told in an interview. Read more