Private Insurers

LIC's new business premium grew by 12.4 per cent Y-o-Y to Rs 203,69.26 cr

LIC share of rural policies more than doubled; ULIPs witnessed increased demand in urban areas

Lack of regulatory clarity complicates matters on third-party data-sharing

To push Non-par policy sales till Sep 30

The insurance regulator has proposed the merger of seven different regulations

The insurance regulator has proposed the merger of seven different regulations

Private general insurers increased their combined market share to 53.58 per cent in gross direct premium underwritten in the first half of the current financial year from 50.81 per cent in the year-ago period. As many as 31 insurers from the non-life industry had underwritten gross direct premiums of Rs 1.43 lakh crore in the first half of the current financial year, according to data on segment-wise gross direct premiums up to September 2023 released by Insurance Regulatory and Development Authority of India (Irdai). Private insurers registered an annual increase of 14.86 per cent in gross direct premiums. The non-life industry had underwritten gross direct premium (GDP) of Rs 1,25,194 crore in the April-September period of 2022-23. "Private general insurers have a combined market share of 53.58 per cent YTD September 2023 with a growth rate of 21.13 per cent as compared to a market share of 50.81 per cent YTD September 2022 with a growth rate of 21.33 per cent," Irdai said. PSU

ICICI Prudential Life Insurance inched up by 2.00 per cent YoY to Rs 8739.05 crore while Max Life Insurance recorded 27.87 per cent growth to Rs 5004.1 crore

Top insurers have parked nearly a fourth of their AUM in the top 10 stocks, reveals an analysis by Nuvama Institutional Equities

Life insurers paid benefits to the tune of Rs 5.02 trillion in FY22, says regulator's annual report

Private insurers' APE growth rebounds after lagging behind for three months

By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers

Value of new business (VNB) of the insurer was up 10.3 per cent YoY to Rs 748 crore in Q2FY23 compared to Rs 678 crore in the year-ago period

Price range set at Rs 564.1-578.55 per share; sale could fetch UK-based financial major at least Rs 2,425.6 cr

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

Analysts are more bullish on stocks of private insurers

As the company has merged Bharti Axa General Insurance business with itself, the numbers are not comparable with the previous year's numbers

In the April-June quarter, the insurer posted an underwriting loss of Rs 508.16 crore against an underwriting profit of Rs 38.16 crore in the year-ago period.

Private insurers' NBP jumped 14 per cent in May, while state-owned Life Insurance Corporation (LIC) reported a decline of 12.3 per cent

Hong Kong insurance sector is eyeing China's $15.3 trillion savings to avert a crisis in its state pension system, the size of the world's second-largest economy