Search For "underwriting losses"
Hike in third-party motor insurance premium to only partially offset insur
Updated : 3 years, 12 months ago IST
Mumbai (Maharashtra) [India], June 4 (ANI): The Ministry of Road Transport and Highways' recent move to increase the premium on third-party motor insurance after two years is a step in the right direction, but unlikely to fully offset the segment's underwriting losses, CRISIL Ratings said in
Read More
General insurance industry to grow at 7 to 9 pc in FY22: ICRA
Updated : 4 years, 11 months ago IST
New Delhi [India], June 18 (ANI): The general insurance industry is expected to clock 7 to 9 per cent growth in gross direct premium income during FY22, investment information firm ICRA has said.
Read More
AM Best downgrades credit ratings of New India Assurance
Updated : 5 years, 10 months ago IST
Singapore, July 20 (ANI): AM Best has downgraded the financial strength rating of New India Assurance Company Ltd -- the largest player in India's non-life insurance market -- to B-double plus (good) from A-minus (excellent) and the long-term issuer credit rating to bbb-plus from a-minus.
Read More