IRDA in India IRDAI seeks business plans from 3 PSU general insurers May 4, 2022 admin 260 Views 0 Comments business, General insurers, IRDAI, PSU IRDAI has sought revised business plans from the three public sector general insurers – National Insurance Company, Oriental Insurance Company Read more
General Insurance News General insurers in Japan shift focus from motor to property and specialty lines, finds GlobalData January 20, 2022January 20, 2022 admin 335 Views 0 Comments General insurers, GlobalData, Japan, Property In a highly concentrated Japanese general insurance market, insurers are changing their focus towards property and specialty lines due to Read more
IRDA in India General insurers settle only third of claim amount due to natural calamities during FY21 January 10, 2022 admin 326 Views 0 Comments General insurers, Natural Calamities General insurers settled only a third of the total claim amount due to natural calamities during the financial year ended Read more
General Insurance News Underwriting losses fall, profits jump for general insurers November 16, 2021 admin 314 Views 0 Comments General insurers, losses, profits, Underwriting Despite paying a huge sum as claims and facing other challenges and constraints triggered by the Covid pandemic throughout the Read more
General Insurance articles Insurance Articles Impact of COVID-19 on General Insurance sector in India and the way forward February 1, 2021March 15, 2021 admin 611 Views 0 Comments COVID-19, General Insurance sector in India, General insurers, IRDAI, World Health Organisation Introduction: On December 8, 2019 the first pneumonia case of unknown cause was found in Wuhan, China. It was later Read more
General Insurance News General insurers see 2.7% growth in November premiums January 15, 2021March 18, 2021 admin 408 Views 0 Comments General insurers, ICICI LOMBARD, November premiums, Standalone Health Insurers General insurers have reported a 2.7 per cent year on year (yoy) growth in gross direct premium underwritten in November Read more
Health Insurance News 57% of COVID-19 claim remains unsettled December 23, 2020March 18, 2021 admin 379 Views 0 Comments COVID-19, COVID-19 claim, General Insurance Council, General insurers The data compiled by the General Insurance Council shows that general insurers are yet to settle and payout 57 percent Read more
General Insurance News Non-life insurance premium falls to Rs. 15,855 crore in October December 21, 2020March 18, 2021 admin 399 Views 0 Comments COVID, General insurers, health insurance, non-life insurance 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
General Insurance News Underwriting losses of Insurance Industry rise to Rs 22,859 crore December 19, 2020March 18, 2021 admin 346 Views 0 Comments General Insurance Council, General insurers, ICICI LOMBARD GENERAL INSURANCE, Insurance industry, NEW INDIA ASSURANCE The total underwriting losses of the insurance industry have surged by 4.4 per cent to Rs 22,859 crore in Read more
General Insurance News General insurers see nearly 6 pc fall in premium income at Rs 22,775 crore in Sept December 1, 2020March 19, 2021 admin 322 Views 0 Comments General insurers, IRDAI, non-life insurance companies, premium income 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