Page 2 - Non-life Insurers

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

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

Top headlines: Govt to release GST dues, tea exports to fall, and more

Business Standard brings you top headlines of the day

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