General insurance industry growth slows to 3-yr low at 9.3% in FY15

Last Updated: Sunday, April 19, 2015, 16:26

The industry had grown by 13 per cent in FY 2014 to Rs 77,540 crore, according to the General Insurance Council data.

Australian insurer IAG to raise stake in SBI General to 49%

Last Updated: Thursday, March 26, 2015, 14:02

Within days of Parliament clearing the Insurance Bill, Insurance Australia Group (IAG) has decided to increase its stake in SBI's general insurance arm from 26 percent to 49 percent.

Australia's IAG to raise stake in JV with SBI

Last Updated: Thursday, March 26, 2015, 10:21

Insurance Australia Group Ltd will raise its stake to the maximum allowed 49 percent in a general insurance joint venture with State Bank of India.

Concerted action can put India in top 10 insurance markets

Last Updated: Sunday, March 22, 2015, 12:33

Concerted action by stakeholders can help the country's life and general insurance segments achieve a Gross Written Premium (GWP) size of USD 250 billion over the next decade, placing India amongst the top ten global insurance markets.

Insurance industry threatens to go on nation-wide stir

Last Updated: Friday, February 27, 2015, 17:49

Opposing the proposed bill allowing foreign direct investments in insurance sector, the General Insurance Employees' All India Association has threatened to stage a nation-wide stir if the Centre goes ahead with its proposal.

Customer complaints in general insurance drop by 66% in 5 yrs

Last Updated: Thursday, December 25, 2014, 19:13

The number of complaints dropped to 63,335 in 2013-14 from 1,86,615 in 2009-10, the report released jointly by Insurance Regulatory and Development Authority (Irda) and Consumer Affairs Department said.

Premium growth slows to 9% in Oct, Nov as auto sales fall

Last Updated: Sunday, December 14, 2014, 12:31

After clipping at 12-13 percent growth in the first half, the incremental premium income of the Rs 80,000-crore general insurance industry has plunged to single-digits in both October and November due to sharp fall in motor insurance premium, say industry experts.

HDFC Ergo inks distribution pact with Deutsche Bank

Last Updated: Thursday, December 4, 2014, 19:44

HDFC Ergo General Insurance Company on Thursday said it has entered into a distribution agreement with Deutsche Bank.

MSLTA ties up with insurance firm for inter-club tennis

Last Updated: Friday, January 24, 2014, 19:42

Maharashtra State Lawn Tennis Association (MSLTA) has tied up with general insurance firm Liberty Videocon to conduct an inter-club tournament which would feature over 200 teams.

Family of MTNL employee get nearly 42 lakh compensation

Last Updated: Tuesday, January 14, 2014, 13:58

The family members of a MTNL employee, who died in a road accident in 2009, have been awarded a compensation of nearly Rs 42 lakh by a motor accident claims tribunal (MACT) here.

Reliance General Insurance hopes to post profit this fiscal

Last Updated: Sunday, January 12, 2014, 20:21

Private-sector insurer Reliance General Insurance hopes to register profit in the current financial year on the back of a diversified portfolio and reduced dependence on motor segment, a top company official has said.

Can't implement pre-packaged rates in policies: GIC to HC

Last Updated: Thursday, January 9, 2014, 20:53

General Insurance Council, which represents 25 non-life insurance companies, today told the Bombay High Court that it was not possible for its members to come out with a pre-packaged compensation in the policies on the basis of sum insured and on the type of hospital.