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General insurance players see revival in H2 FY15

Last Updated: Thursday, April 24, 2014, 22:06

General insurance (GI) industry expects better growth in the current fiscal as greenshoots start appearing in the commercial vehicle segment amid hope that post-election a stable government at the Centre would augur well for the sector.

Passage of Insurance Bill remains an unfulfilled dream this year

Last Updated: Thursday, December 19, 2013, 16:29

The insurance industry, which has been hit by money laundering allegations, is looking for the revival of the economy for a pick up as elusive political consensus continues to hold up the raising of foreign investment limit in the sector.

Insurance premium income to grow at faster rate in FY14-18'

Last Updated: Tuesday, December 17, 2013, 00:39

Improving demographic drivers and supporting regulatory environment is likely to result in faster growth of premium income of insurance industry during FY14-18 as against in the last five fiscals, according to Care Ratings.

Insurance industry needs sustainable, profitable model: Kocchar

Last Updated: Tuesday, October 15, 2013, 19:52

Terming the low insurance density in the country as a "matter of concern", ICICI Bank MD and CEO Chanda Kochhar on Tuesday said the industry requires a sustainable and profitable model for growth.

Life insurance industry estimated to grow by 15% in next 5 yrs

Last Updated: Thursday, September 19, 2013, 19:23

The life insurance sector is estimated to grow by up to 15 percent annually over the next five years, mainly due to multiple regulatory and industry changes brought in over the past few years and due to favourable demographics of the country, an industry body said Thursday.

General insurers focus on retail, small towns to beat slowdown

Last Updated: Sunday, August 04, 2013, 11:46

Industry officials also say that there is an increasing focus on renewal premium, as the new premium growth from the motor, engineering segments has slowed.

Insurance industry to grow below 5% in FY'14: CII

Last Updated: Sunday, June 23, 2013, 13:44

"The growth of the Indian insurance industry is projected to remain below 5 percent in the current fiscal (FY 2013-14)," said a CII survey of 30 leading insurance companies.

General insurers see growth slipping this fiscal

Last Updated: Friday, April 19, 2013, 19:01

The general insurance industry is likely to see a drop in growth in the current financial year compared to the last fiscal due to a slowdown in economic activities, feel industry players.

Chidambaram asks insurance sector to focus on smaller towns

Last Updated: Friday, April 12, 2013, 19:02

As India remains among the most under-insured countries in the world, Finance Minister P Chidambaram on Friday asked the general insurance industry to spread awareness about the need for risk cover in smaller towns across the country.

Insurance industry poised for growth: Report

Last Updated: Monday, August 06, 2012, 23:50

Even as the insurance sector has witnessed a decline due to regulatory changes, industry leaders are optimistic about scope for growth.

Insurance industry need to innovate, simplify products: Study

Last Updated: Sunday, August 05, 2012, 20:09

India's insurance industry needs to innovate, simplify products and build trust amongst the customers through effective distribution claims management in order to ensure growth in the sector, a study said Sunday.

Nippon to bring post-sales service to Indian insurance market

Last Updated: Sunday, July 29, 2012, 13:57

Japan's Nippon Life has said it plans to bring the practice of post-sales services to the Indian insurance industry through its partnership with Reliance Life in the country.