Month: October 2022

Nippon Life Insurance hikes stake in Reliance Life to 49 percent for Rs. 2,265 crore In addition, the Japanese company has also committed an investment of Rs. 3,303 crore for acquiring 49 percent stake in Reliance Capital Asset Management, taking its total investment to Rs. 8,630 crore. “This additional investment represents not only the past … Nippon Life Insurance hikes stake in Reliance Life to 49 percent for Rs. 2,265 crore

‘Indian control’ norms hurt insurers’ valuations According to Sanket Kawatkar, head of life insurance consulting for Milliman India, which has conducted valuations for 17 of the 24 companies, “A large component of the valuation would include softer aspects – the keenness of the foreign partner to do business n India and the desire to continue … ‘Indian control’ norms hurt insurers’ valuations

Despite underwriting profit, liability insurance yet to grow Rates in the liability segment have been stable over the last couple of years with the exception of medical malpractice, where they increased by 10-20 percent in 2014 and general liability is the biggest line of business currently here, a report by global reinsurer Swiss Re said. … Despite underwriting profit, liability insurance yet to grow

Irdai to launch portal for health insurance plans information “It’s a unique initiative of Irdai, which going forward will help insurance companies and hospitals and all the insured under various health insurance schemes to get all relevant data at one place,” Insurance Regulatory and Development Authority of India (Irdai) member Nilesh Sathe said. Every hospital … Irdai to launch portal for health insurance plans information