News for General Insurance Corporation of India (GICRE.NS)

Jio Financial Services Limited (JFSL) and Allianz Group, through its wholly owned subsidiary, Allianz Europe B.V., have entered into a binding agreement

The plan is to get domestic companies to provide insurance cover to Indian ships, which now depend on global clubs for securing ships and cargoes, says shipping secretary T.K. Ramachandran.

'$125 million for the hull and the remaining of over $350 million for liability.'

Narayanan attributed the fall in the company’s market share in the domestic market from 60% to below 50% over the past 3-4 years to the increased size of the sector, entry of new players and more business being written by other existing players at a time when GIC itself was de-growing.

India's deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country's

India's deadliest aviation disaster in over a decade could set off a chain reaction across global insurance markets. The tragic Air India crash, which killed 24

India's deadliest plane crash in over a decade triggered a $475 million insurance claim, impacting the aviation industry. The claim includes $125 million for the aircraft and $350 million for liability related to fatalities, which will likely raise the insurance costs for airlines in India.

(Bloomberg) -- India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million.Most Read from BloombergShuttered NY College Has Alumni Fighting Over Its FutureDo World’s Fairs Still Matter?As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention SpaceNYC Renters Brace for Price Hikes After Broker-Fee BanAs American Architects Gather in Bost

The FSIB, which recommends names for top roles at public sector insurance companies and banks, on Wednesday named Doraiswamy Ramchandran for the position of chief executive and managing director at Life Insurance Corporation of India. He is currently LIC's MD.

As licensed foreign reinsurers continue to expand their market presence in India, their market share, in terms of gross written premiums (GWP), is

May 28, 2025 / 05:00AM GMTOperator Ladies and gentlemen, good day, and welcome to the General Insurance Corporation of India Q4 FY '25 earnings conference call.

Finance Minister Sitharaman directs public sector general insurance companies to develop innovative products, improve profitability, and embrace digital transformation.

Finance and corporate affairs minister Nirmala Sitharaman has PSGIC to develop innovative insurance products tailored to new and emerging risks, including cyber fraud, and to diversify product portfolio in line with evolving consumer needs in a bid to strengthen operations and generate profits.

India is developing a specialized insurance product for nuclear power plants to facilitate private sector investment and support its ambitious goal of 100 GW nuclear energy production by 2047. A dedicated expert team is collaborating with insurance companies and the Atomic Energy Regulatory Board to design the cover, potentially increasing operator liability and insurer access for inspections.

'India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.'

IRDAI has granted regulatory approval to Go Digit chairman Kamlesh Goyal-backed Valueattics Reinsurance Ltd. to operate as a reinsurer.

IRDA grants registration to Valueattics Reinsurance Ltd, LIC, New India Assurance, and GIC as D-SIIs for FY 2024-25.

For the third year in a row, the Insurance Regulatory and Development Authority of India (IRDAI) has retained the ‘obligatory cession,’ which is the

'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'