General Insurance

Bajaj General Insurance ties up with Swiss Re for commercial partnership

Partnership will use Swiss Re's international platform to offer structured risk solutions to Indian companies

General insurance shares up after Supreme Court's Motor TP directions

Shares of general insurers advanced after the Supreme Court directed the insurance regulator to consider longer Motor Third Party insurance tenures and measures to improve insurance coverage.

General Insurance Council defends fever admission advisory framework

Insurance body says the advisory follows ICMR and health ministry guidelines, aims to curb unnecessary hospital admissions and does not restrict doctors' clinical autonomy

ICICI Lombard invests up to 1.5% of premium in tech: MD&CEO Sanjeev Mantri

General insurer says it spends up to 1.5% of annual premium income on technology and AI, while launching 25 new products and digital solutions to mark its silver jubilee

Irdai grants licence to ProTec General Insurance, fourth approval in 2026

Regulator also approves reforms covering investment norms, intermediary registration, capital raising, governance and policyholder protection measures

Downgrades on motor business uncertainty to weigh on ICICI Lombard

ICICI Lombard faces pressure from rising motor claims, Supreme Court-related provisions and weak underwriting, prompting expectations of earnings downgrades across the sector

Weak earnings drag ICICI Lombard shares by 10% to second steepest fall

The general insurer's shares tumbled after a 46 per cent drop in June-quarter profit, as higher claims, reserve provisioning and competitive pressures weighed on profitability

ICICI Lombard Q1 profit falls 46% to Rs 403 crore on higher claims

ICICI Lombard General Insurance reported a 46 per cent decline in first-quarter profit as higher claims, reserve provisions and large fire losses weighed on profitability

Bima Sugam's first products set for Sept-end launch: Irdai Chairman

Irdai Chairman Ajay Seth says Bima Sugam will roll out initial motor, health and term insurance products by September-end as insurers complete technology integration with the platform

Generali Central General Insurance targets ₹10K cr premium in five years

The insurer plans to focus on profitable growth by expanding retail health, fire and SME insurance while reducing exposure to intensely competitive group health business

Govt sets performance targets for state-run general insurers for FY27

Government sets ambitious FY27 KPIs for PSU insurers, targeting lower claims ratios, faster settlements and stronger digital adoption

Non-life insurance premium up 8.7% in May, led by health insurance growth

Gross direct premium underwritten by non-life insurers rose to Rs 24,194.56 crore in May, supported by steady growth in general insurance and strong gains in health insurance

Jio Financial formalises general insurance foray with Allianz group

The joint venture, awaiting regulatory approvals, will combine Jio's digital reach with Allianz's global expertise to expand insurance access in India

Jio Fin Services expects to start life, general insurance biz in 2026

Jio Financial Services (JFS) is hoping to start general and life insurance businesses this year, a top company official has said. The financial services company does not have any immediate plan to get into the unsecured and consumer durable lending businesses. "We hope to start insurance manufacturing in 2026, subject to regulatory approvals," its chief executive and managing director Hitesh Sethia told PTI recently. The company, which recently entered the reinsurance business, along with its equal joint venture associate Allianz, will partner with the French company for general and life insurance businesses as well. Sethia said in parallel, the company is working towards building the necessary teams for the insurance foray. JFS, which is promoted by entities linked to the richest Indian Mukesh Ambani, has entered lending businesses, like assisting home buyers, asset management, wealth management and reinsurance, either by itself or through partnerships. Explaining its strategy i

GIC Re to withdraw marine hull war risk cover in high-risk regions

Reinsurer withdraws marine hull war risk cover across key global hotspots, including West Asia and parts of the Black Sea, citing rising geopolitical tensions

HDFC ERGO MD & CEO Anuj Tyagi resigns, board begins succession process

HDFC ERGO CEO Anuj Tyagi resigns to pursue entrepreneurial plans, with the board starting a structured succession process to ensure leadership continuity

Govt holds road shows to sell 10% stake in General Insurance Corp

India plans to sell a total of 10 per cent stake in the insurer in tranches to meet the market regulator's minimum public shareholding norm, Reuters reported last year

Robust growth, valuations to drive gains for general insurance companies

he insurance industry saw both positives and negatives from GST reform, with increased affordability driving growth in retail term and health, while ITC changes hit profitability

FinMin renews merger proposal of state-owned general insurance firms

The Finance Ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale. The government infused Rs 17,450 crore between 2019-20 and 2021-22 in three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India Insurance, to bring them out of financial distress. In the Budget for 2018-19, the then finance minister Arun Jaitley announced that the three companies -- Oriental Insurance, National Insurance, and United India Insurance -- would be merged into a single insurance entity. However, the government dropped the idea in July 2020, and the Union Cabinet rather approved a capital infusion of Rs 12,450 crore into the three general insurance companies. As their finances have improved, the finance ministry is doing a preliminary assessment of the merger of these entities with a view to improving their ...

BFSI Summit: General insurers call for norms to navigate climate disasters

At the BFSI Insight Summit 2025, insurance leaders urged joint action on climate, cyber, and EV risks - calling for innovation, tech collaboration, and universal insurance coverage