General insurers’ premium increases 18.3% in July
General insurance companies in India witnessed an 18.3 per cent increase in premiums in July, amounting to Rs 23,259 crore. Read more
general insurance companies
General Insurers face tough choice on pushing growth and sustaining margins
The country’s general insurance companies are currently grappling with a crucial dilemma between pursuing growth and maintaining profitability at a Read more
IRDAI directs insurers to fast-track claim process due to Biparjoy
IRDAIhas asked insurers to settle claims in the states affected by cyclone Biparjoy in an expeditious manner. In a circular Read more
PSU insurers need Rs. 17500 crore capital
The solvency positions of India’s three public sector undertaking (PSU) general insurance companies are precarious, having worsened in FY23. This Read more
PSU general insurers’ market share decreases
The four public sector general insurance companies have lost 800 basis points (bps) in market share in last five years Read more
Govt will likely infuse more capital in 3 public sector Insurers
The government may have to infuse more capital in the three public sector general insurance companies to improve their financial Read more
5 PSU insurers have Rs. 347-cr exposure to Adani firms
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total Read more
PSU insurers asked to reduce avoidable expenses
Finance Ministry has asked 3 PSU General insurers, National Insurance, Oriental Insurance and United India Insurance, to rationalise branches Read more
HOPE AND HYPE IS DRIVING ONLINE SALE OF INSURANCE PRODUCTS
General insurance companies are tweaking their processes to show the difference in pricing for buying its products online. During the Read more
Insurance News: Fire losses account for half of non-life insurance claims in FY12
Fire losses accounted for over half of the claims lodged with general insurance companies in 2011-12. According to Insurance  Regulatory and Development Authority (IRDA) data, compiled by insurance broking house India Insure, engineering-related  issues such as machine failure constituted another 16.8 per cent of the claims and marine claims accounted for 14.1 per cent. Read more
