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REINSURANCE TREATY RATES
Corp insurance premiums fall up to 80% this seasonCorporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense ...- Reinsurance treaty rates stay soft amid tight competitionReinsurance treaty renewals on April 1 saw largely stable or softer rates due to competition among reinsurers. Despite continuing catastrop...
- Insurers hike premiums for public infra assets by up to 25% in aftermath of Sikkim cloudburstState-owned hydel unit Sikkim Urja lodged an insurance claim of ₹500 crore after unseasonal rains early in October caused the banks of the ...
- General insurance premiums unlikely to rise in New YearPremiums not likely to harden as international reinsurance rates have cooled owing to liquidity.
- With decline in overseas rates home insurance to get cheaperThe cost of insuring homes and factories against natural calamities is likely to fall, in line with some 10% decline in overseas rates.
- Insurers should cut obligatory cession losses: GICWorried over huge losses from compulsory business, GIC, has asked non-life insurance companies to take steps to cut losses on this portion.
- Indonesian earthquake aftershocks: Insurers may impose new restrictionsThe Indonesian earthquake may force reinsurers to impose new restrictions and lead to increase in premium and deductibles.
- Berkshire Hathaway finally forays into India’s reinsurance businessBerkshire Hathaway has shed its India aversion & for the first time took up the role of a dominant reinsurer for 3 insurers.
- Reinsurance rates up, GIC reduces exposureIndian companies will have to pay more for renewing their insurance policies as reinsurance companies have raised premium rates by up to 15...
- Reinsurers to set cap on liability claim for disastersStung by mammoth claims from natural calamities, reinsurers are imposing a limit on the maximum liability that non-life insurers can claim ...
- Rise in global reinsurance rates likely to pinch Indian insurers, may lead to increase in premium ratesGlobal reinsurance companies, hit by natural calamities will charge 15-20% higher for policies that come up for renewal on January 1.
- Reinsurance costs in India still lowEntry of new smaller companies in place of major of companies ensures low rates.
- Calamity insurance costs to go up after Japan disaster: InsurersExpert also said the global re-insurance companies, like Munich Re or Swiss Re, might have to enhance their natural catastrophe budget for ...
- Top reinsurers want higher share of claim from insurersLarge insurance claims linked to major fires during the current financial year have induced top global reinsurers like Munich Re, Swiss Re ...
- Newcomers scramble in, give reinsurers run for premiumFirming up of reinsurance rates in India by regular players such as General Insurance Company (GIC), Munich Re and Swiss Re led to the entr...
- GIC will renew reinsurance treaties only selectivelyIn a move that could temper the rate war in the non-life insurance industry, national reinsurer GIC Re has said that it will be very select...
- PSU insurers to regain lost glory, post-free pricingState-owned non-life insurance companies are expected to have an upper hand when floor limits on rates for property insurance are removed.
- Reinsurers now take higher risk, cut commissionReinsurers have adopted a cautious approach as insurance companies are aggressively expanding their business under the deregulated regime.
- GIC changes reinsurance treaty terms after lossesHit by both steep drops in premiums with price detariffing and losses on account of some large projects, Indian reinsurer.
- Reinsurers on backfoot as rate war loomsNational reinsurer General Insurance Corporation (GIC) is unwilling to follow the fortunes of insurance companies as they risk bleeding the...
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