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About 25% of insurance claims in Ghana fraudulent – NIC

About 25% of insurance claims in Ghana fraudulent – NIC
modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.

Justice Ofori , National Insurance Commission , Non Life Insurers , Ofori Insurance , நீதி ஒபொறி , தேசிய காப்பீடு தரகு , அல்லாத வாழ்க்கை காப்பீட்டாளர்கள் ,

Non-life insurers' premium income rise 11.35% YoY in May to Rs 12,316 cr

Non-life insurers have reported an 11.35 per cent rise in gross direct premium income in May, over the same period last year, which was marred by a nationwide lockdown to curb the spread of the coronavirus. Insurers collected premiums of Rs 12,316.5 crore this May, compared to Rs 11,061.02 crore in May 2020.
But, sequentially (month-on-month) the premium collected by non-life insurers in May dropped 28.84 per cent compared to April, indicating a disruption their business due to localised lockdowns imposed by authorities due to the second wave of the pandemic. In April, the insurers had amassed premiums of Rs 17,309.54 crore.
Among non-life insurers, premium income of general insurers rose 7.17 per cent YoY to Rs 10,822.7 crore in May but contracted by 32.13 per cent month-on-month. ....

Non Life Insurers , Gross Direct Premium Income , Health Insurers , அல்லாத வாழ்க்கை காப்பீட்டாளர்கள் ,

Third party motor insurance premium may go up in 2021-22 - The Hindu BusinessLine

The general insurance industry is hoping for an increase in third party motor insurance rates for 2021-22.
The rates are notified by the Insurance Regulatory and Development Authority of India (IRDAI) on an annual basis and had not been changed last year due to the Covid-19 pandemic.
The new rates for 2021-22 are yet to be notified by IRDAI.
According to general insurers, the premium needs to be revised in order to make the segment sustainable.
Further, court judgements in the recent past have also had an impact on the sector.
“Our view is that last year we didn’t get a hike in rates . Before that in February 2020, exposure draft for an increase had come but then the first wave of Covid happened and that was put in the cold storage,” Bhargav Dasgupta, Managing Director and CEO, ICICI Lombard, General Insurance, had said after the fourth quarter results in a media call. ....

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Health boost for non-life insurers in FY21 At over ₹1.98 lakh cr, gross direct premium underwritten 5.20% more

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A rising demand for health covers evident since COVID-19 outbreak seems to have come as a booster shot for non-life insurers as they posted a 5.20% increase in gross direct premium underwritten for 2020-21.
Comprising general insurers (all of whom deal in health insurance too); standalone health insurers; and the two specialised PSU insurers (ECGC and Agricultural Insurance Company of India) the non-life segment reported ₹1,98,734.68 crore gross direct premium underwritten. For 2019-20, it totalled ₹1,88,916.61 crore.
Flash figures (provisional and unaudited), released on Tuesday by insurance regulator IRDAI, show gross direct premium underwritten of general insurers (25 companies) increasing 3.35% to ₹1,69,840.05 crore (₹1,64,328.20 crore). These companies between them account for over 85% of the non-life market. ....

Max Bupa , India Assurance Company , Reliance Health Insurance , Star Health Allied Insurance Company , Health Insurance , Manipalcigna Health Insurance Company , Aditya Birla Health Insurance Company , Care Health Insurance , Agricultural Insurance Company Of India , Agricultural Insurance Company , Star Health , Allied Insurance Company , Reliance General , New India Assurance Company , Non Life Insurers , அதிகபட்சம் புபா , இந்தியா உறுதி நிறுவனம் , நம்பகத்தன்மை ஆரோக்கியம் காப்பீடு , நட்சத்திரம் ஆரோக்கியம் கூட்டணி காப்பீடு நிறுவனம் , ஆரோக்கியம் காப்பீடு , பராமரிப்பு ஆரோக்கியம் காப்பீடு , நட்சத்திரம் ஆரோக்கியம் , கூட்டணி காப்பீடு நிறுவனம் , நம்பகத்தன்மை ஜநரல் , புதியது இந்தியா உறுதி நிறுவனம் , அல்லாத வாழ்க்கை காப்பீட்டாளர்கள் ,

Non-life insurers' premiums up 5% in FY21 on huge contraction in motor biz

Gross premium underwritten by non-life insurers, which include general insurers, standalone health insurers, and specialised PSU insurers, in March grew by 23 per cent year-on-year (YoY) to Rs 19,298.85 crore from Rs 15,635.42 crore in the year-ago period. For the full year (FY21), however, the non-life insurers recorded a 5.2 per cent growth in premiums at Rs 1.98 trillion over Rs 1.88 trillion in FY20.
In March, general insurers, 25 in total, recorded a 15 per cent growth in premiums to Rs 15,683.39 crore from Rs 13,685.87 crore in the year-ago period while in FY21, they saw their premiums go up by only 3.35 per cent over FY20 at Rs 1.69 trillion. ....

Bajaj Allianz , National Insurance Company , Union Budget , Bajaj Allianz General , New India Assurance , United India Insurance , Oriental Insurance , Finance Minister , Psu Insurers , Non Life Insurers , Non Life Insurers Premiums , Premium Collection , In Motor Biz , பஜாஜ் அலையன்ஸ் , தேசிய காப்பீடு நிறுவனம் , தொழிற்சங்கம் பட்ஜெட் , பஜாஜ் அலையன்ஸ் ஜநரல் , புதியது இந்தியா உறுதி , ஒன்றுபட்டது இந்தியா காப்பீடு , ஓரியெஂடல் காப்பீடு , நிதி அமைச்சர் , அல்லாத வாழ்க்கை காப்பீட்டாளர்கள் , ப்ரீமியம் சேகரிப்பு ,