Non-life Insurers

Non-life insurers may have to reduce payouts to adhere to EoM norms

Unlisted life players may rack up a commission war to gain market share

Non-life insurers see 12% rise in gross direct premium income in Aug: Irdai

Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed. In the same month a year ago, all the 31 non-life insurance companies in the domestic market had garnered a gross premium income of Rs 21,867.93 crore. According to the data provided by the Insurance Regulatory and Development Authority of India (Irdai), a total of 24 general insurers witnessed a 9.3 per cent growth in their collective gross direct premium income in August at Rs 17,101.75 crore as against Rs 15,648.63 crore in the year-ago period. The five standalone health insurance providers reported a jump of 28 per cent in their gross direct premium income during the month at Rs 2,059.38 crore. The figure stood at Rs 1,609.75 crore in August 2021. The rest two specialised public sector insurers in the non-life space witnessed a 15.2 per cent rise in their combined premium income in Augus

Life insurers' new business premia up 18% in August despite large base

In FY23, so far, non-life insurers have reported a 19 per cent growth in premia to Rs 1.02 trillion

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

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 Rs 2,000 crore

Non-life insurers' gross premium income rises 24% to Rs 21,327 cr in April

The non-life insurance companies had a gross premium business worth Rs 17,251.10 crore in April 2021

Non-life insurers report 11% growth in premiums at Rs 2.2 trn in FY22

ICICI Lombard leads pack among private players, with 28% growth

Omicron impact: Demand for health insurance products picks up pace

Recent data suggests that non-life insurers have settled more than 2.75 million Covid health claims

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

Non-life insurers stare at steep loss ratios as non-Covid claims bite

While these monsoon-related ailments spike every year, this year the claims have been higher

Health portfolio continues to drive premium growth of non-life insurers

In the April-July period of FY22, the health portfolio has grown 34.2 per cent, which is significantly higher than the 9.9 per cent growth seen in the same period last year

Non-life insurers' premium up 19.46% at Rs 20,000 crore in July

In July, non-life insurers - 33 in total - earned premiums to the tune of Rs 20,171.15 crore, against Rs 16,885 crore in the same month last year

Non-life insurers to suffer longer from pandemic: Liberty General CEO

Uncertainty on the personal and financial health of the public arising from the pandemic and its ripple effects on general insurance industry will stay longer because the loss of livelihoods

Non-life insurers' premium income up 7% YoY to Rs 14,809 cr in June

Sequentially, the premium income of non-life insurers was up 20 per cent, after a slump of 28 per cent in May

Non-life insurers' premium income rise 11.35% YoY in May to Rs 12,316 cr

Month-on-month, premium income declines 28.84% from April levels

Non-life insurers' premiums up 5% in FY21 on huge contraction in motor biz

In March, premiums of non-life insurers went up by 23%

Relay Strike: PSU non-life & life insurance staff to go on strike

It is going to be a relay strike by unions in the public sector financial services sector domain

Non-life insurance gross premiums up 14% to Rs 15,800 cr in Feb

Specialised PSU insurers in agri business and export covers see impressive 200% growth; general and standalone health insurers see 9% and 2% growth, respectively

Non-life insurers record 6.7% growth in gross premiums in January

This comes after a double-digit growth in premiums in December and low single-digit growth in November, preceded by contraction in September and October

Non-life insurers see around 12% growth in December premiums, shows data

In the April-December period of FY21, the general insurers' premium totalled Rs 1.25 trillion, up 1.14 per cent over last year