Non-life insurance to witness consolidation in 2022

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A new chairman for the sectoral regulator, review of the existing regulations, consolidation of the players, focus on profitability, larger companies reaping the benefit of investments in technology, upward revision in the third party motor insurance policy are some of the 2022 forecasts by the senior officials of Indian general insurance industry. Officials also said…Continue Reading

State non-life insurance companies face uncertainty

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MUMBAI: The three state-owned non-life insurers — National Insurance, Oriental Insurance and United India — are dealing with uncertainty on multiple fronts. The Delhi high court order setting aside directors’ appointments by the Banks Board Bureau (BBB) on the grounds of jurisdiction has thrown into question the appointment of the chief executives too. The erosion…Continue Reading