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Insurance industry News

insurance industry

24 Sep 2017

'Insurance sector undergoing disruptions, trend to accelerate'

Commenting on the performance of the industry, he said the "insurance sector has done well last year. The disintegration of banking reforms in crop insurance has helped both life and non-life insurance sectors".

08 May 2018

Insurers to collect Aadhaar of agents to remove duplications

The purpose was de-duplication of POS enrolled by insurers and insurance intermediaries, said the Insurance Regulatory and Development Authority of India (Irda).

31 Jan 2016

Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

16 Jul 2015

Managing change in industry top risk for insurers: Survey

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.

28 Jun 2015

Bajaj Allianz launches weather-based crop insurance

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."

27 Feb 2015

Insurance industry threatens to go on nation-wide stir

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.

insurance industry

18 Dec 2014

'Rs 60K-cr investments needed for more insurance penetration'

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.

Recapitalisation drive

10 Sep 2014

Insurers may need around Rs 8,000 crore as new capital: ICRA

The non-life segment will lead the recapitalisation drive in the domestic insurance sector, as the industry as a whole may raise up to Rs 8,000 crore over the next five years to shore up equity capital, says a report.

03 Sep 2014

Despite losses, insurance industry attracts investments: IRDA

The insurance watchdog said the FDI limit will be fixed by the government and the IRDA's job is to ensure that regulations are followed by the companies.

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