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REINSURANCE RATES
Bajaj Finserv to rope in ex-GIC re chief for reinsurance ventureBajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re bri...
Bernstein cuts PB Fintech share price target by 53%. More pressure after Rs 37,000 m-cap rout?PB Fintech shares have plunged 42% in four sessions, wiping out Rs 37,000 crore in market value, following IRDAI’s proposed reforms to curb...
PB Fintech shares suffer Rs 37,000 crore shock in 4 days but Jefferies, Bernstein see up to 100% upsidePB Fintech shares have plunged 42% in four sessions, wiping out Rs 37,000 crore in market value after IRDAI proposed reforms targeting insu...
PB Fintech shares slip another 5% after massive 36% crash on Thursday. What are Jefferies, others saying?PB Fintech share price: PB Fintech shares plunged 36% in the previous session following IRDAI’s proposal to curb ‘dark patterns’ on insuran...
From a failing textile mill to a trillion-dollar giant: The Warren Buffett storyWarren Buffett has ended his formal leadership of Berkshire Hathaway after more than six decades, becoming chairman emeritus at 96. His son...
Gujarat floods trigger thousands of crores in insurance claims, prompting rate hikes for industrial risksGujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pr...
Global Market: China state insurers, banks to raise up to $54 billion to bolster capitalChina’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financia...
China to pump $54 billion into state banks, insurers in capital-boosting pushChina's finance ministry is injecting over fifty billion dollars into state-owned financial institutions. This coordinated push aims to str...
Insurers plan floor for fire cover to avoid large burnsNon-life insurers are considering a minimum rate for fire insurance's natural catastrophe component. This move follows concerns about steep...
Climate damage: The next hit to Europe's public financesEurope's public finances face growing strain from uninsured climate damage, with recent extreme weather events having caused significant ec...
Corporate cover rates decline amid ample capacityInsurance rates for fire, cyber, professional indemnity and directors’ liability fell sharply in the June quarter as abundant capacity inte...
Global Market: European shares rise as healthcare stocks offset geopolitical concerns; investors await US jobs dataEuropean stock markets edged higher on Friday, supported by gains in healthcare stocks, while rising oil prices and renewed Middle East ten...
IN-SPACe re-entry rules expose insurance crunchThe guidelines, issued by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) on July 23, cover planned re-entry missio...
IRDAI clears investments in private companies, eases infrastructure funding normsIRDAI has expanded insurers' investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, r...
General insurance premiums unlikely to rise in New YearPremiums not likely to harden as international reinsurance rates have cooled owing to liquidity.
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 low
Entry of new smaller companies in place of major of companies ensures low rates.
- Newcomers scramble in, give reinsurers run for premium
Firming up of reinsurance rates in India by regular players such as General Insurance Company (GIC), Munich Re and Swiss Re led to the entr...
- Free pricing: GIC to keep reinsurance rates lower
GIC's move to offer lower rates to insurance companies while taking on their risks may result in more discounts from insurers.
- Reinsurance rates yet to feel subprime heat
But insurers may have to pay more for passing on risks if it gets worse.