Agriculture Insurance Company of India Ltd (AIC) takes care of farm - related insurance needs while Export Credit Guarantee Corporation of India (ECGC) is meant for export credit insurance support for Indian exporters.For
private general insurers, gross premium grew 25 % to Rs 5,651.70 crore in August, from Rs 4,523.8 crore in the same month a year earlier.
In terms of market share, public sector general insurers held 45.07 percent share while
private general insurers held 43.41 percent share.
This means the claims incurred are more than the premiums paid for such
private general insurers.
Private general insurers provide cover to best exporter and the best buyer, where the risk of default is less
Public general insurers and
private general insurers seek hike in TP premiums for 2015 - 16 to make up for losses
Private general insurer Bajaj Allianz General Insurance has launched a health insurance plan called the Surgical Protection Plan that provides insurance cover for only surgical treatments.
On this issue, an official from
a private general insurer said that unless auto sales show some improvement, the loss ratio in these segments will rise in the future, but added that the second half is likely to witness better growth.
Claim size of mediclaim policies has been growing every year, according to data of past three years compiled by
private general insurer ICICI Lombard.
This process is likely to increase the purchase of travel insurance in India, according to the underwriting head at
a private general insurer.
An official of
private general insurer said that they had approached Insurance Regulatory and Development Authority (IRDA) for increasing the travel insurance premium because of the rupee depreciation, as quoted by the resources.
Taxi - hailing application, Ola, has partnered with
private general insurer Bajaj Allianz General Insurance to provide motor insurance solutions to its driver partners.
Bajaj Allianz General Insurance,
the private general insurer, has launched DriveSmart Lite a free value - added service for all private car policy holders.
Private general insurer Bajaj Allianz General Insurance, today announced the launch of an All Women Branch at their headquarters in Pune.
Private general insurer Bajaj Allianz hopes to grow better than the industry average, which is likely to grow around 15 % in this fiscal amid slowdown, a top official has said.
Private general insurer Bajaj Allianz General Insurance has launched a USB - based telematics device to monitor car usage and driver behaviour, which is the first such product in the sector.
Not exact matches
The chances that you'll be able to do better than the monthly payments offered by your employer are low — a 2015
General Accounting Office on pensions and lump sums found that the payouts on company pensions are generally much more generous than those offered by
private insurers — but it doesn't hurt to check.
As the provision of healthcare fragments away from its traditional delivery models, more and more claims activity will affect commercial entities,
private clinics, hospitals,
general healthcare providers — and their
insurers.
In a segment which is equally divided between public sector undertakings and
private insurers, it competes with
general and life insurance companies and standalone health
insurers like Star Health and Allied Insurance and Max Bupa.
Private sector
general insurers are more upbeat than life
insurers.
Private sector
general insurer SBI General Insurance was able to control losses in its third year of operations, and has 208 % premium growth for the financial year 201
general insurer SBI
General Insurance was able to control losses in its third year of operations, and has 208 % premium growth for the financial year 201
General Insurance was able to control losses in its third year of operations, and has 208 % premium growth for the financial year 2012 - 13.
Since then, 22 of the 23
private life
insurers have tied up with overseas partners, while most of the 24
private sector
general insurers have foreign equity.
ICICI Lombard
General Insurance Co Ltd, India's top
private sector non-life
insurer, fell as much as 3.4 per cent in its market debut on Wednesday, after its initial public offering last week raised $ 871 million.
«Oriental Insurance Company, United India Insurance, New India Assurance and National Insurance Company are the four government - owned
general insurers providing the cover along with a
private insurer,» the official said, adding the annual premium would be around Rs 40 lakh.
Private sector
insurer ICICI Lombard
General Insurance has seen almost 39 % growth in top - line as per their results for the first six months
Private sector
general insurer HDFC ERGO which plans to better industry growth this fiscal says retail health premium revision should be automatic.
Its members represent more than 90 per cent of total premium income written by
private sector
general insurers.
General insurers told Business Standard the reduction in premium rates would motivate customers, especially
private car and motorcycle owners
Private sector
general insurer ICICI Lombard is upgrading use of forensic methods to detect fraud in claims by companies, in the...
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.
Chiefs of four public - sector
general insurers met representatives of
private hospitals today to settle the latest row on withdrawal of cashless facility on mediclaim policies....
HDFC Ergo has acquired L&T
General Insurance business and is now the third - largest
private sector
insurer in the Rs1.5 lakh crore industry.
For
private passenger automobiles, the «base rate» in a territory will, in
general, be the
insurer's rate for the adult pleasure - use classification, before application of surcharges under a merit rating plan, but after adjustment for the limits of coverage purchased by the insured and any applicable discounts (e.g., multi-car discount).
Consumers can also enjoy waiver of deductibles that allows them to migrate to «
general insurer's full - fledged indemnity - based health insurance plan» in the
private sector.
In comparison,
general private insurers by all indications are to be hit only marginally.
This move of the regulator will ensure that
general insurers hike prices in the group health insurance segment according to a senior official at a
private general insurance company.
CEO of a
private general insurance company said that with more than two
insurers offering cover for different divisions at the same airport,
insurers will be able to expand their services.
In the
general insurance segment, the solvency ratio for the public
insurers remains stronger as compared to the
private players.
The
private sector
general insurers (excluding standalone health
insurers) saw a higher rate of growth at 21.6 percent compared to the four public
general insurers» growth of 13 percent.
Out of 30
General insurers 4 are public insurance companies, 6 standalone Health Insurers, 18 mainstream private general insurance companies and remaining 2specialized insurers focusing on Export Credit and Agriculture Insurance specif
General insurers 4 are public insurance companies, 6 standalone Health Insurers, 18 mainstream private general insurance companies and remaining 2specialized insurers focusing on Export Credit and Agriculture Insurance speci
insurers 4 are public insurance companies, 6 standalone Health
Insurers, 18 mainstream private general insurance companies and remaining 2specialized insurers focusing on Export Credit and Agriculture Insurance speci
Insurers, 18 mainstream
private general insurance companies and remaining 2specialized insurers focusing on Export Credit and Agriculture Insurance specif
general insurance companies and remaining 2specialized
insurers focusing on Export Credit and Agriculture Insurance speci
insurers focusing on Export Credit and Agriculture Insurance specifically.
Other
private - sector
general insurers that were the losers include Royal Sundaram, Tata AIG, Universal Sompo and Shriram G
general insurers that were the losers include Royal Sundaram, Tata AIG, Universal Sompo and Shriram
GeneralGeneral.
Some of the
private sector non-life
insurers, who gained market share during the year include Bajaj Allianz, HDFC Ergo, SBI
General, Reliance
General and Bharti Axa.
Private sector
general insurers gained their combined market share to 44 % in FY14 despite the depressed economic scenario, at the cost of the state - owned
insurers, show the data from the regulator IRDA.
Private non-life
insurer Bajaj Allianz
General Insurance has reported a 28 per cent increase in net profit at Rs 145 crore for the quarter ended September 30, compared to the year - ago period.
Apart from average rise of 38.8 per cent in insurance premiums for
private cars proposed by Irda,
general insurers have also sought an additional raise in third - party motor premiums.
Private sector
general insurer HDFC Ergo is likely to see a capital infusion of around Rs 80 crore in the next one - and - a-half years to support business growth.
Public
general insurers have 54.54 per cent market share while
private players capture 45.46 per cent upto September
To provide insurance cover to the people in the lower socio - economic strata, the
private sector
general insurer ICICI Lombard plans to expand the coverage of «Swayam Shakti Suraksha»
Private sector
insurer Bajaj Allianz
General Insurance hopes to close the current fiscal with a gross premium of Rs 4,000 crore.
* Working as Chief Manager - Corporate Risk & Insurance Solution (Business Development & Client Servicing) in Employee Benefits vertical of Howden Insurance Brokers India
Private Limited, a leading UK based insurance broker * Expert in structuring policies of different insurance line and negotiating coverage and premium with both
general and life
insurers * Excellent Client Management skills with expertise in building strong relationships and networking.