Page 3 - General Insurers

Govt calls off merger of the three public sector general insurers

Cabinet approves capital infusion of Rs 12,450 crore in these three companies

Investors' high expectations raise risk for stocks of general insurers

Benefits of lower claims could get offset by subdued premium collection and fixed costs

Irdai chief asks general insurers to cut expenses, improve efficiency

Also, he advised the life insurers to focus more on improving their persistency ratio

PSU general insurers continue to lose market share, merger plan stuck

All, barring New India, have been losing market share for a while. However, United India has gained marginally this January

General insurers want FDI raised to 74%, valuation remains a concern

Some even want 100% FDI; last week apex body General Insurance Council held meeting with members to discuss the issue of FDI

State-owned firms dominate list of insurers in equities, LIC grabs top spot

Private players, however, gaining in terms of equity assets they manage

General insurers' premium rises 23% to Rs 12,959 crore in February: Irdai

The gross premium collected by all the 34 insurers in the general sector stood at Rs 10,573.70 crore during the same month a year ago

General insurers to see higher motor TP sales after Irdai's rate revision

For private cars whose engine capacity does not exceed 1,000cc, the regulator has proposed to decrease the premium to Rs 1,850 for 2018-19, from Rs 2,055 in 2017-18

Insurers can sell motor cover via dealers without tie-ups

The move will offer customers choices in terms of pricing apart from increased competition

GIC, NIA to be listed before October

Centre expects good valuation on them once they make their market debut

Bitter-sweet story for general insurers

While general insurance companies in India have been posting net profits, they have seen a worsening condition as far as underwriting profits are concerned