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Good Q4, commentary perk up ICICI Lombard General Insurance stock

ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24.

It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26. ....

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IRDAI Approves 8 Principle-based Consolidated Regulations, including Setting Up Bima Sugam e-Marketplace

The Insurance Regulatory and Development Authority of India (IRDAI) has approved eight principle-based consolidated regulations, including setting up the insurance e-marketplace Bima Sugam for buying, selling, and servicing insurance policies, and settling claims. ....

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IRDAI issues series of regulations, tweaks regulation on surrender charges

IRDAI (Insurance Products) Regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond to evolving market demands, enhancing the ease of conducting business, and boosting insurance penetration. These regulations promote good governance in product design and pricing, including strengthening the principles governing guaranteed surrender value & special surrender value along with disclosures thereof, IRDAI said in a statement. ....

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IRDAI approves setting up insurance e-marketplace Bima Sugam, goes for big regulatory revamp

The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the setting up of insurance e-marketplace Bima Sugam for buying, selling, and servicing insurance policies as well as settling claims."This . ....

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IRDAI clears decks for Bima Sugam for buying, selling, settling claims for insurance policies

Bima Sugam will list insurance products from all life, health, and general insurance categories, providing a comprehensive one-stop shop for insurance needs. ....

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