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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...
- Health insurance works only when everyone contributesA small group of health insurance customers accounts for most hospitalisation costs. The remaining 95% must pay premiums to keep the system...
- LIC Q4 Results: Profit rises 23% YoY to Rs 23,467 crore; co declares Rs 10 per share dividendLIC Q4 Results: State-owned Life Insurance Corp (LIC) reported a 23% year-on-year (YoY) growth in its consolidated net profit at Rs 23,467...
- NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvencyThe impending listing of the National Stock Exchange is poised to significantly bolster the financial health of three state-run general ins...
- HDFC Bank to invest Rs 1,000 cr in HDFC Life to boost solvencyHDFC Bank is injecting Rs 1,000 crore into HDFC Life Insurance. This investment will increase HDFC Bank's ownership to over 50%. The capita...
- 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...
- IRDA not keen on introducing solvency II norms for companies in IndiaSolvency II is the new regime for all insurers and reinsurers in the European Union. It will come into effect from December 31, 2012.
- 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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