Life insurers’ new biz hit as LIC premiums contract
Life insurance companies witnessed a modest increase of 4.15 per cent in their collective new business premium at Rs 31,254.55 Read more
premiums
Life insurers’ New business premiums zooms 84% in April
New business premiums (NBP) of life insurance companies jumped 84 percent year-on-year (YoY) in April, propped up by 141 percent Read more
Health insurance premiums on the rise
Health insurance premium is set to rise this fiscal on the back of rising medical costs and high Covid-19 claims. Read more
Group health policies see rise in premiums in renewal cycle
Group health insurance policies up for renewal in the current renewal cycle saw price correction, where insurers revised their premiums Read more
IRDAI douses ‘Burning Cost’, premiums may fall for Corporates
IRDAI has stated that ‘Burning Cost’ can’t be quoted by basic insurers as a ‘mandated minimum rate’ to cost premiums Read more
Non-life insurers post 11% growth in FY22 premiums
After a low single digit growth in FY21, the non-life insurance industry reported an 11 per cent growth in premiums Read more
Motor third-party premiums to be revised after 2 years
The ministry of road transport and highways in consultation with the insurance regulator released a draft notification for revising the Read more
Term insurance premiums to rise up to 40% as re-insurers push up rates
Term insurance premium rates are set to rise by up to 40 per cent after re-insurers tightened underwriting norms in Read more
Cargo Insurance premiums jump 33% this year
The sudden jump in the volume of oil, gas and coal being transported across the seas is pushing up Read more
General insurance industry in Japan to reach US$133.1bn in 2025, forecasts GlobalData
The general insurance industry in Japan is projected to grow from JPY11.1 trillion (US$104.1bn) in 2020 to JPY12.6 trillion (US$133.1bn) Read more
