PSU General Insurers on Promotion Spree, Elevate 21 DGMs to GMs
Public sector general insurers have promoted their 21 young officials to the posts of General Manager. General Manager is Read more
NEW INDIA ASSURANCE
New India Assurance records 42% increase in Q1 profit
New India Assurance reported a 42 percent jump in net profit at Rs.441 crore in the first quarter ended Read more
India nuclear insurance pool with 1500 cr capacity formed
General Insurance Corporation of India (GIC Re) and 11 other non-life insurers have formed the India Nuclear Insurance Pool. It Read more
Insurers gear up to address Uttarakhand flood claims
Uttarakhand floods that have claimed over 100 lives in the last few days has also got insurance companies preparing for the claim settlement process. Both life and general insurance companies have said that their respective claims team have started gearing up to handle claims and process them in a quicker manner.
Read moreClinical trial liability insurance to see sustainable growth
The clinical trial liability insurance segment could see a period of stable and sustained growth, as the market is expected to become more professional for trials. General insurers are of the view the recent apex court view on the issue would lead to a more orderly growth.
New India Assurance to expand outside India
New India Assurance is in the process of leveraging its presence in the overseas markets. The company currently operates across 22 countries. It plans to enter Qatar, Myanmar and Canada this fiscal, according to G. Srinivasan, Chairman-cum-Managing Director.
Nokia and New India Assurance launch a one-of-its kind, affordable and comprehensive handset insurance plan
Nokia India announced a unique partnership with New India Assurance (NIA), a leading global insurance group, wholly owned by the Govt. of India. The partnership will provide Nokia’s consumers the benefits of a highly affordable and comprehensive handset insurance plan to safeguard them against risks of mobile handsetloss and damage. This includes thefts, burglary, malicious acts, riots among others, as well as damage that is beyond the purview of the consumer’s standard warranty. Read more
New India Assurance keen to insure state against calamities
New India Assurance, which has its presence in 22 countries plans to open three more branches in Myanmar, Qatar and Canada. India’s largest general insurance company, New India Assurance has proposed the state government to subscribe to an insurance coverage plan on natural calamities. Read more
New India Assurance targets net profit of Rs600 cr this fiscal
The largest general insurer New India Assurance has targeted a net profit of Rs 600 crore this fiscal and planned expansion of its foreign operations in 2013-14. Read more
Budget 2013 has many implications for general insurance sector: G Srinivasan, The New India Assurance CO
The Budget has many positive implications for the General Insurance Sector. Banks being allowed at act as Insurance Brokers will increase insurance penetration as the large number of Bank Branches could be leveraged to distribute Insurance Products in a more effective manner, said the CMD of The New India Assurance CO. Read more