General insurers settle only third of claim amount due to natural calamities during FY21
General insurers settled only a third of the total claim amount due to natural calamities during the financial year ended Read more
General insurers
Underwriting losses fall, profits jump for general insurers
Despite paying a huge sum as claims and facing other challenges and constraints triggered by the Covid pandemic throughout the Read more
Impact of COVID-19 on General Insurance sector in India and the way forward
Introduction: On December 8, 2019 the first pneumonia case of unknown cause was found in Wuhan, China. It was later Read more
General insurers see 2.7% growth in November premiums
General insurers have reported a 2.7 per cent year on year (yoy) growth in gross direct premium underwritten in November Read more
57% of COVID-19 claim remains unsettled
The data compiled by the General Insurance Council shows that general insurers are yet to settle and payout 57 percent Read more
Non-life insurance premium falls to Rs. 15,855 crore in October
General insurers reported gross direct premium of Rs 15,855.11 crore in October, down 0.42% year-on-year. However, motor insurance, which Read more
Underwriting losses of Insurance Industry rise to Rs 22,859 crore
The total underwriting losses of the insurance industry have surged by 4.4 per cent to Rs 22,859 crore in Read more
General insurers see nearly 6 pc fall in premium income at Rs 22,775 crore in Sept
Non-life insurance companies reported a 5.55 per cent decline in gross premium income at Rs 22,774.60 crore during the Read more
General insurers’ premium drops 4% in Sept
Non-life insurers are back in the red in the month of September with premium collection dipping 4.41 per cent, despite Read more
General insurers need to be more efficient to cut losses, says IRDAI Chairman
General insurers are required to be more efficient by controlling expenses in order to cut losses, said the IRDAI Chairman. Read more