Non-life insurance
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January 27, 2023, Friday
Insurance body GIC opposes govt nominee in life and non-life councils
Says both umbrella bodies are self-regulated and don't depend on funds from finance ministry; govt nominees may hamper their ...
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November 08, 2022, Tuesday
After poor show in Sept, non-life insurers' premiums up 15.5% YoY in Oct
Demand for health and motor insurance to continue though growth may dip, say experts
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August 01, 2022, Monday
Non-life insurers not keen on paying obligatory cession to GIC Re
The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore
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July 27, 2022, Wednesday
Non-life insurers not keen on paying obligatory cession to GIC Re
The obligatory cession was reduced from 5 per cent to 4 per cent for FY23. The impact of the reduction on GIC Re would be around ...
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July 27, 2022, Wednesday
Compensation to blame: Amendments to strengthen law on industrial accidents
Proposed amendments to the Public Liability Insurance Act may end the high level of non-compliance among companies
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July 11, 2022, Monday
IRDAI constitutes two task forces on issues of reinsurance support
The terms for reference for the task force include issues discussed by the industry players with Irdai in the recently concluded ...
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July 07, 2022, Thursday
Non-life insurance industry reports a 21% YoY growth in premiums in June
In the June quarter, the non-life insurance industry netted premiums to the tune of Rs 54,492 crore, up 23 per cent YoY
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January 10, 2022, Monday
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
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January 01, 2022, Saturday
Surge in Covid-19 cases leaves non-life insurers on tenterhooks
In FY21, non-life insurers had settled 849,034 claims amounting to Rs 7,833 crore
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December 08, 2021, Wednesday
Non-life insurers' gross direct premium up 5.5% to Rs 15,743 cr in Nov
The 31 non-life insurance companies had written premiums worth Rs 14,919.43 crore in November 2020
