News Room

Private general insurers grab 34% of market

Tuesday 20, June, 2006 - Private players grew faster to corner more than one-third of the market and push the general insurance industry growth rate to 16.5 per cent in April. The 12 non-life insurers collected Rs 2,703 cro ....

RBI?s rate hike move drains out Rs 30k cr in ten days

Monday 19, June, 2006 - The rate hike by the Reserve Bank of India (RBI) on June 8 has had an immediate impact on liquidity in the system. Liquidity has dipped by almost Rs 30,000 crore in just ten days since the rate hike. ....

Insurers work overtime

Monday 19, June, 2006 - With cricket boards turning the gentleman?s game into an event for all seasons, insurance firms are being driven up the wall. Insurers, who take the financial risk, are now forced to check out the q ....

ICICI Bank on prowl for LKB

Monday 19, June, 2006 - ICICI Bank, India?s largest private bank, is on the prowl. The bank has approached the Kerala-headquartered Lord Krishna Bank (LKB) to discuss a possible acquisition of the latter. However, no deal ha ....

insurance firm to run ESI plan without states

Friday 16, June, 2006 - The World?s largest health insurance scheme, the Employees State Insurance Corporation (ESIC), will soon start running the ESI scheme by itself, divesting all state governments of the responsibility. ....

Oriental taps global reinsurance market

Friday 16, June, 2006 - Breaking out of national borders, public sector non-life insurer Oriental Insurance Company Ltd (OICL) has entered the international reinsurance market and is earning premiums in foreign currency. T ....

Indian General Insurance Industry Registers 16% Growth

Tuesday 13, June, 2006 -   India?s general insurance industry of 12 companies grew by 16% in 2005-06 collecting Rs20,378 crore (US$4 billion) in first year premium in 2005-06 compared to Rs17,531 crore in 2004-05. The ....

Oriental Insurance rated B++

Monday 12, June, 2006 - A.M. Best has rated Oriental Insurance Company B++ (Very good) based on a recent review undertaken by them. A.M. Best is a European agency rating for insurance companies globally. In its rating ration ....

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