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LIC Q1 profit surges 23% on growth in value of new businessLife Insurance Corporation of India reported a twenty-three percent net profit rise. Value of new business jumped sixty-one percent, boosti...- LIC OFS opens for retail investors: Should you apply in insurance behemoth's offer?The OFS opened for non-retail investors on August 4, and saw strong participation. The offer was oversubscribed more than 3 times its offer...
- State insurers quote low premiums to win NPCIL nuke insurance coverNuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year prope...
- Bain Capital in advanced talks for 25% stake in IndusInd Insurance, marking its first India insurance betBain Capital is nearing a deal to buy a significant stake in IndusInd General Insurance. This acquisition could value the insurer at over s...
- SBI Life Q1 results: Profit rises 22% YoY to Rs 720 crore on strong premium growthSBI Life Insurance reported a 22% YoY rise in June-quarter profit to Rs 720 crore, driven by robust growth in new business and renewal prem...
- Japan's SOMPO seeks control of Universal GeneralJapan's SOMPO Insurance is discussing increasing its stake in Universal SOMPO General Insurance. The Japanese insurer aims to acquire share...
- Private insurers seek tweaks in unlisted investment planPrivate insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholder...
- ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hitICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire clai...
- ICICI Pru Life Q1 Result: Net profit jumps 28% YoY to Rs 386 croreICICI Prudential Life Insurance reported a twenty-eight percent net profit increase. Net premium income rose to nine thousand seven hundred...
- Aviva set to become first foreign insurer to fully own India life businessUK insurer Aviva Plc is set to fully own its Indian life insurance venture. This move follows India's recent policy allowing total foreign ...
- Irdai asks state-run insurers to account for wage costs annuallyIrdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financia...
- Solvency buffers at insurers thinning; general insurance sector more of a concernThe Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain com...
- Thinking of moving to the UAE? Here's how the Green Visa worksThe UAE's Green Visa offers a five-year residency for skilled workers, freelancers, and investors, enhancing flexibility for family sponsor...
- Brexit at 10: How Britain's financial sector recovered and evolvedPost-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some position...
- Reassure homes, not just economy: Why India’s growth feels weaker at household levelThe ripples of global disruptions are felt in the everyday lives of Indian families, shaping individual narratives beyond simple data point...
- Three state-owned non-life insurers fail to meet solvency requirements: RBI reportThe Reserve Bank of India's latest Financial Stability Report reveals that three state-owned insurance companies are not meeting regulatory...
- The economic capital approach in life insuranceThe existing solvency framework in India is based on the factors related to mathematical reserves and sum at risk, specified for different ...
- Insurers will soon have an easier solvency mandateIndia’s life insurers are set to see more financial stability in their business, with insurance regulator IRDA set to link the amount of ca...
- Solvency margins eased: ULIP sales to go upSolvency margin is the excess of assets over liabilities that an insurer maintains as a prudential measure. Weekly Gainers: BSE (A. B), NSE...
- Insurers get a breather as IRDA defers MTM planThe insurance industry has been saved from losing several hundred crores this fiscal due to surge in interest rates.
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