Sentences with phrase «general insurance industry»

The growth in general insurance industry was slipped from 18 % to 10 - 12 % a year ago among slow economic growth.

Health insurance is today a rapidly emerging sector of general insurance industry, a 20 % increase in the premium holdings has been reported in 2014 - 15 as compared to 9 % for the broader pie.

In a landmark development in the Indian general insurance industry, Tata Steel has gone for a $ 160 million consolidated global cover for its directors and officers liability risks, including its European operations

General insurance industry grew by 19.34 per cent in the 11 months of 2012 - 13 fiscal led by SBI General which recorded over three-fold growth in gross premium as compared to last fiscal.

According to general insurance industry experts, growth has slowed down to around 12 per cent from earlier 18 per cent seen in the last fiscal, due to the slowdown in the domestic economy.

Currently, around 50 per cent of the the private general insurance industry's claims are settled by TPAs.

At the end of April, the four entities accounted for over 56 per cent of the total general insurance industry.

London, UK About Blog The latest news and events in the UK general insurance industry, from the UK's leading source of news and information for insurance professionals.

There are around 400 members who handle 20 per cent of the Rs 84,000 crore premium generated by the Indian general insurance industry.

THE INSURANCE Council of Australia has hit back at claims the general insurance industry was moving too slowly towards online business and risked losing out to new and aggressive electronic commerce providers.

A senate committee says its deeply concerned by the apparent lack of transparency in the general insurance industry.

I'm very pleased to have been appointed to the ABI Board, where I will focus my energies not only on ensuring that the industry is well - placed to continue to weather the economic storm, but also on driving forward reforms in the general insurance industry which will benefit consumers.»

Mr Booth has a wealth of experience of the general insurance industry, and will be a great asset to the ABI as it leads the insurance industry through today's challenging environment.

Steps must be taken to mitigate the impact of extreme weather, writes the Insurance Council of Australia (ICA), which represents the country's general insurance industry.

«While the existence of climate change is even now being debated by some members of the public, the general insurance industry has been attempting to quantify the issue for well over a decade.»

Overall, the general insurance industry grew 22.53 per cent in the first five months of the current fiscal by collecting Rs 17,423 crore premium.

Also, the general insurance industry is claim - intensive.

This has created considerable strain in the general insurance industry, which draws more than 45 per cent of its total business from the motor insurance segment.

The total premium of the general insurance industry is around Rs 70,000 crore but it's still only 0.7 per cent of the GDP.

The general insurance industry in the country has gone through a slower growth phase in the first two months of the current fiscal compared with the same period previous year.

The general insurance industry is pinning its hope on increased automobile sales in the second half of the current financial year, to revive its growth.

The latest development could be a dampener for the general insurance industry, which has been struggling to break even.

The Rs 60,000 crore general insurance industry is in crisis as all its vital financial parameters are shaky despite the sector showing a growth of 20 - 25 per cent in premium collection.

The purpose of the Code is to raise standards of practice and service in the general insurance industry.

The general insurance industry on average pays out $ 111 million in claims to policyholders each working day.

The Solatium Fund is contributed by the general insurance industry as per an agreed formula.

The Insurance Council of Australia is the representative body of the general insurance industry in Australia.

Although the general insurance industry has largely been moving in the right direction after the sector was liberalised 14 years ago, the third party (TP) segment, the largest contributor to the industry's kitty, remained an exception.

The premium income of the general insurance industry, comprising 21 private and four public sector insurers, stood at Rs 27,942 crore in the first five months of the current fiscal, 18 per cent higher than Rs 23,748 crore in the corresponding period last year.

The state of policy paralysis in India has hurt the general insurance industry significantly, says managing director and chief executive officer of HDFC Ergo, Ritesh Kumar.

Many of the general insurance industry players are making losses due to high underwriting losses in the motor insurance segment as premium paid are inadequate in comparison to the claims.

He was speaking to reporters after meeting of the representatives of the general insurance industry with Finance Minister P Chidambaram.

The general insurance industry, comprising four public sector entities, grew by 20 per cent in April this year compared to the same month last year.

«There is a high co-relation between the premium volumes of the general insurance industry and the national GDP growth rates.

The general insurance industry is estimated to grow by over 18 per cent to reach a size of Rs 90,000 crore by 2015, industry chamber Assocham said.

The General Insurance Industry is poised for a great growth and New India as a market leader will play a very significant role in the growth of the market,» G. Srinivasan, Chairman and Managing Director said.

The general insurance industry today termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment.

The general insurance industry has renewed Rs 75,000 cr business on April 1 at the previous year's premium levels

The state of policy paralysis in India has hurt the general insurance industry significantly, says managing director and chief executive officer of HDFC Ergo

How has the recent slowdown affected the general insurance industry and your business in particular?

The penetration of the general insurance industry in India is abysmally low.

Indian General Insurance Industry has registered a growth of 19 % unlike other 23 private companies which have gathered 12.62 % premium collection growtRead More

Hyderabad, 10th March 2014: Where 23 private companies have possessed 12.62 % growth in premium collection i.e. up to Rs 3,274.48 crore, the Indian general insurance industry has registered a growth of 19 % during the month of January to Rs 7,380.72 crore.

The General Insurance industry provides insurance for product recalls mainly by the automobile industry.

The general insurance industry had favored a hike of 40 - 50 per cent against a steeper raise proposed by regulator IRDAI.

Universal Sompo is a new entrant to the general insurance industry but has been growing strong.

The progress in the general insurance industry has kept pace with the nation's nominal gross domestic product (GDP), leading to general insurance penetration staying constant in the range of 0.55 - 0.75 % over the last 10 years.

Bharti AXA General Insurance is the first organisation in the general insurance industry to receive dual certifications of ISO 9001:2008 and ISO 27001:2005 within the first year of operations in 2009.

Indian General Insurance Industry has registered a growth of 19 % unlike other 23 private companies which have gathered 12.62 % premium collec... read more