Page 11 - Insurance Industry

Life firms ask regulator to allow risk-based solvency regime for ULIPs

Life insurance companies will raise their solvency margin and free up capital that can be used for other purposes

Life Insurers to benefit once again from low-base effect in Q1FY23

Analysts are more bullish on stocks of private insurers

Online players, agents may have to disclose insurance commission

IRDAI is considering a proposal that seeks to have a single limit for expenses made by insurance companies

PhonePe sells over 1 mn two wheeler insurance policies on its platform

Sees over 75% of overall insurance purchases from tier 2 & 3 cities

Now, life insurers can introduce products without Irdai's prior approval

Currently, all life insurance products and riders require prior approval of the insurance regulator before launch

IRDAI eases approval norms for health, general insurance products

Irdai has tweaked 'Use and File' procedure for all health insurance products and almost all the general insurance products in line with the reform agenda taken up towards having a fully insured India

Paytm not to acquire Raheja QBE; to apply for new general insurance licence

The agreement was terminated by Paytm Insuretech as the share sale and purchase transaction was not consummated within the time period envisaged by the parties under the agreement

Go Digit clocks Rs 5,000 crore premium in FY22 on strong growth

New age insurer Go Digit General Insurance (Digit) has crossed Rs 5,000 crore-mark in gross written premium in FY22, driven by higher demand from motor, property and health segments.

Life Insurance Corporation to join league of top global insurance firms

Expected to list with m-cap of Rs 6 trillion - making it world's fourth biggest

Health insurance premium rise spurs non-life growth, shows data

While insurers have witnessed a jump in health premiums over the last two years, their claims burden has also gone up.

Non-life insurance firms register 7% rise in gross premium at Rs 18,953 cr

The non-life insurance companies had underwritten gross premium valuing at Rs 17,662.32 crore in December 2020

Irdai to set up two hubs on motor insurance and property insurance

The decision to set up these hubs was based on the recommendations of a working group on loss prevention and minimisation in the general insurance industry

Irdai seeks to revise formula for fixing insurers' obligation for Motor TP

The regulator has asked for comments from stakeholders, which they have to submit by January 25

Insurance brokers' advice to become crucial amid tighter underwriting norms

Low existing rates and revision of reinsurance premiums are key driver

Generali eyes bigger stake in India businesses as Future seeks exit: Report

Generali "wants to have a majority which could be a 74% stake but also (could be) slightly less. Future wants to completely exit the businesses," said one of the sources.

Risky business: Climate change turns up the heat on insurers, policyholders

(Reuters) - Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.

Cargo insurance premiums up 33%; second fastest after personal accident biz

This is significant as the cargo insurance market had declined by close to 8 per cent in FY21

Term insurance premium set to rise by 25-30% after Munich Re hikes rates

Reinsurance rates hiked by upto 40%; Premiums may increase by 30%

Street likely to view general insurers favourably

Stocks of listed players ICICI Lombard and New India Assurance have lagged in FY22, so far

Madras HC puts order on bumper-to-bumper cover for new vehicles on hold

Will hear the General Insurance Council on September 13