General Insurance of India : Outcome of Board meeting held on 08.12.2023 -December 08, 2023 at 04:55 am EST
Ref. No.: GIC-HO/BOARD/SE-Q3-OBM1/231/2023-24 Date: December 8, 2023 ...
Source: marketscreener.com
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Anchor Insurance Policyholders Claim N1.42bn Over Insured Risks
Policyholders of Anchor Insurance Company Limited who suffered Insured risks in 2022 financial year, were compensated to the tune of N1.42billion.
Source: leadership.ng
FinMin plans Rs 3,000 cr additional capital infusion in PSU general insurance cos in FY24
The government in FY22 provided Rs 5,000 crore capital to three insurers --National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.
Source: moneycontrol.com
India: Regulator eases rules to facilitate more efficient use of capital
The IRDAI has issued two exposure drafts proposing amendments to non-life and life insurance regulations with the objective of facilitating the efficient utilisation of capital by insurers and increasing insurance penetration.
Source: asiainsurancereview.com
General Insurance PSUs never got the attention of the govt it needed
There was one day strike in the three Public Sector General Insurance companies on Wednesday. A day before Lok Sabha passed the General Insurance Business (Nationalization) Amendment Bill 2021. The amendment, most importantly, omits section...
Source: indiatimes.com