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MOTOR UNDERWRITING HEAD
Insurers can change rates by up to 15% without IRDAI nodIRDAI has now allowed insurers to alter the mode of premium payment to an instalment basis without having to file the product afresh with i...
Lesser-known parameters that can push up insurance premiums or lead to cover denialUnderstand the lesser-known parameters that can push up insurance premiums or lead to cover denial.
Motor cover renewals up 6x on finesAs traffic violators start paying hefty penalties under the new Motor Vehicles Act 2019, renewal of vehicle insurance policies has a seen a...
Only 45% car users in Bengaluru consider third party liability in insurance coverThe survey added that 89% car owners and 82% bike owners showed claim process awareness in the city.
Insurance Ordinance: Third-party motor cover causes industry stirIn total, every year the industry is burdened with loss of Rs 7,000-8,000 crore on account of this portfolio, impacting their overall profi...
Investment income boosts general insurers bottomline in FY14Total net profit of non-life insurers stood at Rs 4,439 crore in 2013-14 as against Rs 3,282 crore in 2012-13, according to Irda.
HDFC Ergo General Insurance Company inks distribution pact with Deutsche BankUnder the partnership, the leading German lender will distribute HDFC Ergo's non-life insurance products through its 17 branches.
General insurers plan minimum lowest premium level to cut lossGeneral insurers are planning introduce a 'base rate' kind of system while pricing the premium rates.
- New products, Innovative distribution channels needed to drive motor insurance: ICICI Lombard
Innovative distribution channels and products along with customer information repository for the industry are required to increase penetrat...
Up to 35 per cent cars on roads without insuranceWith advancement in printing technology, it is possible for fraudsters to replicate policies of existing companies, helping them get throug...
General insurance companies go to IRDA with new proposals; move to bring down fraud third party claimsIf general insurance companies have their way with the regulator, your accident insurance claim will be rejected if a friend rams your car.
Insurance claims fall 80 per cent in cars fitted with anti-theft devicesGeneral insurers may push for a mandatory anti-theft device in cars as claims have fallen 4/5ths in cars fitted with it.
- Discounts on own-damage motor policies lowered down by 20%
Non-life insurers have lowered discounts on commercial and private own-damage motor policy by as much as 20%, as third-party motor risk mov...
- Hike in third-party motor premiums likely to boost underwriting performance
Premium rate needs to more than double from FY11 levels to make underwriting profits for the segment, says Crisil.
- General insurers to face Rs 10,000 crore underwriting loss in FY-11: Crisil
Crisil estimates the industry's underwriting losses to increase significantly to more than Rs 100 billion in 2010-11 from Rs 59 billion in ...
- General insurers to face Rs 10K cr underwriting loss in FY'11
Research firm Crisil today projected underwriting loses of the domestic general insurance companies at Rs 10,000 crore in the 2010-11 fisca...
- Bajaj Allianz offers 5% rebate on motor insurance premium for ladies
Bajaj Allianz is offering women a 5% discount in motor insurance premium after a study of auto claims revealed that a proportion of claims ...