Last Updated: Thursday, July 23, 2015, 13:04
Riding high on motor and fire premia and government-run social security schemes, the general insurance industry grew 12.5 per cent in the April-June quarter mobilising Rs 23,418 crore in premium income.
Last Updated: Thursday, July 16, 2015, 22:48
Insurers in India perceive managing change in industry as the top risk to their business, which is in sharp contrast to overall global results that cite regulation as a major risk, says a recent survey.
Last Updated: Wednesday, July 15, 2015, 20:46
The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.
Last Updated: Friday, July 10, 2015, 20:19
LIC made a smart recovery with a 21 per cent growth in total premium mop-up at Rs 9,384 crore in the said period. The Corporation's business stood at Rs 7,757 crore in the year-ago period.
Last Updated: Sunday, June 28, 2015, 15:55
Vice president & Head Agriculture Business, Bajaj Allianz Ashish Agarwa said, "The company has identified the need to offer the product in these areas looking at the volumes of the produce and how unfavourable weather conditions had an impact on the produce."
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.
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.
Last Updated: Thursday, December 18, 2014, 16:33
The domestic insurance industry needs investments worth up to Rs 60,000 crore in next five years to increase the penetration levels substantially from the current 3.9 percent, Insurance Regulatory and Development Authority Chairman, T S Vijayan has said.
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.
Last Updated: Thursday, December 19, 2013, 16:29
The insurance industry, which has been hit by money laundering allegations, is looking for the revival of the economy for a pick up as elusive political consensus continues to hold up the raising of foreign investment limit in the sector.
Last Updated: Tuesday, December 17, 2013, 00:39
Improving demographic drivers and supporting regulatory environment is likely to result in faster growth of premium income of insurance industry during FY14-18 as against in the last five fiscals, according to Care Ratings.
Last Updated: Tuesday, October 15, 2013, 19:52
Terming the low insurance density in the country as a "matter of concern", ICICI Bank MD and CEO Chanda Kochhar on Tuesday said the industry requires a sustainable and profitable model for growth.
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