The insurance is affordably priced, paperless, and flexible; covering both accidental hospitalisations or planned surgeries/treatment , , flipkart, e commerce, Group SafeGuard, insurance, icici lombard, partnership
Corporate risk index that uses risk measurement tool has been developed with the management consulting firm Frost & Sullivan covering 150 top companies from its own investment portfolio
Bharti Airtel could be the biggest beneficiary of this rejig. Pagaria said the telecom company could see buying to the tune of 7.44 crore shares which equates to around $700 million in flows.
BFSI has among the best risk management practices: ICICI Lombard
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Synopsis
Banking, financial services and insurance BFSI with a score of 65m though has a very high risk exposure, it excels in risk management too with very effective and efficient risk management practices, according to ICICI officials. They (BFSI) are well positioned to handle current and future risks across dimensions.
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Likely over-investment in one or more risk dimensions but difficult to justify return on investments.
Regulated sectors like the BFSI have best risk management practices according to a new Corporate India s risk index launched by
ICICI Lombard, while new age sectors will still have a long way to go. The index which is based on current situation information of corporates is also expected to help attract foreign investments.
Insurance industry s underwriting losses increase by 6.2% in FY20, up to Rs 23,720 crore
Synopsis
Public sector insurers – five in total reported a bulk of these losses at Rs 18,741 crore in FY20, up from Rs 18,533 crore a year ago. Private insurers, 29 in all, meanwhile, reported sharp rise in losses albeit a much smaller base. Losses for private players came at Rs 3,647 crore in FY20 up from Rs 2,890 crore, a year before that.
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MUMBAI: India’s general insurance industry saw its underwriting losses increase by 6.2% in FY20 largely on the back of losses suffered by public sector insurers in segments such as fire, motor and marine segments.