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
PSU General Insurers to monetise realty assets under infusion plan
Capital-starved state-run general insurance firms are eyeing monetisation of their real estate assets with the government making any future capital 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
PSU general insurers’ market share drops below a third
The four public sector companies now account for less than a third of the non-life insurance market after losing 2% Read more
Govt may infuse Rs. 5000 crore in PSU General Insurers
The central government will reportedly infuse Rs 5,000 crore as equity support into PSU general insurers. “A fresh assessment may Read more
Merger of PSU general insurers on back burner due to Covid-19
The Centre’s plan to merge the three PSU general insurers has been put on hold.According to sources, preparations for the Read more
Budget 2019 may allocate Rs 4,000 Crore capital infusion for PSU General Insurers
The forthcoming Budget may make a provision for Rs 4,000 crore capital infusion for public sector general insurance companies to Read more
PSU general insurers mull expansion abroad
To tap the Indian diaspora, public sector general insurers are considering expanding their operations to other countries in the next financial year. Given the large number of Indians and Indian businesses in South-east Asia, West Asia and Africa, these regions are emerging as preferred destinations. Read more
