Page 2 - Non-life Insurers

Non-life insurers see 2.7% growth in premiums in November at Rs 14,981 cr

Non-life insurers were in the red in September also, with premium collection slipping 4.41 per cent

2020: A year of coronavirus, consolidation and claims for non-life insurers

Industry officials are of the view that with the Covid-19 pandemic still evolving, it is difficult to predict the extent of impact on the sector.

Non-life insurers report marginal decline in October premium collections

This, despite good growth in premiums by standalone health insurers, aided by rise in demand for health plans in the country

Non-life insurers see a 4.41% drop in premium collection in September

Standalone health insurers, however, see a 38% spike in collections on the back of heavy demand for health covers

Fire, health segments drive non-life insurers' rebound, Q2 may be better

In the first five month of FY20, the firms had seen 14 per cent growth in premiums.

Irdai to develop standardised products for bridging protection gap

Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman

Premiums of non-life insurers rise 10.38% in Aug, health insurers gain most

General insurers, 25 in all, saw their premium collection go up 5.57 per cent in August 2020 to Rs 13,139.63 crore, compared to Rs 12,445.83 crore in the same period last year

Third-party motor insurance premium hike delay worries insurers

Next six months will be tough for the industry in terms of loss ratios

Non-life insurers receive more than 100K Covid-19 claims worth Rs 1,644 cr

While initially, the claim amount was high, it has now moderated with many states prescribing a standard treatment rate for Covid-19

Motor segment drives the fall in premiums for non-life insurers

Retail health has shown a growth of 25% due to covid

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Insurers see rise in health claims; lockdown reduces motor segment demands

Fewer claims are supposed to improve the insurers' loss ratio in the motor segment, but the industry is divided on this

Gross premiums of non-life insurers grow 15% to Rs 1.42 trillion

While the gross premiums underwritten by private non-life insurers grew by 17 per cent to Rs 69,488 crore, that of the state-owned non-life insurers grew by 12 per cent YoY to Rs 62,954 crore

Budget 2020: FM may announce second capital infusion for non-life insurers

The government infused Rs 2,500 crore in the three insurers -- National Insurance, Oriental Insurance and United India Insurance -- through first supplementary demands for grants for 2019-20 last mont

Non-life insurers log 11.5% rise in premium at Rs 15980 crore in Dec 2019

Seven stand-alone private sector health insurers collected Rs 1,258.14 crore premium during the month

Non-life insurers' premium revenue in September up 28% YoY to Rs 24,563 cr

All the 34 non-life insurers had collected business premium of Rs 19,141.65 crore in the same month a year ago

Non-life insurers see 13.2% rise in premiums in April-Nov: Irdai Report

While the private non-life insurers saw a significant growth of 23.40%, the state-owned ones reported a marginal rise of 2.26% in the April-Nov period of 2018

Non-life insurers' gross premium up 9% at Rs 10,012 cr in Nov: Irdai

As of Nov 30, 2017, the New India Assurance Co Ltd has the highest market share in the non-life insurance market at 15.6%

Gross direct premiums underwritten by non-life insurers up 16%

The month-on-month increase for May stood at 16% for entire non-life insurance industry

Non-life insurers' premium income grows over 33% in February

Gross premium income stood at Rs 10,288 cr in Feb 2017, up from Rs 7,711 cr a year ago