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Third party motor insurance premium may go up in 2021-22 - The Hindu BusinessLine


The general insurance industry is hoping for an increase in third party motor insurance rates for 2021-22.
The rates are notified by the Insurance Regulatory and Development Authority of India (IRDAI) on an annual basis and had not been changed last year due to the Covid-19 pandemic.
The new rates for 2021-22 are yet to be notified by IRDAI.
According to general insurers, the premium needs to be revised in order to make the segment sustainable.
Further, court judgements in the recent past have also had an impact on the sector.
“Our view is that last year we didn’t get a hike in rates . Before that in February 2020, exposure draft for an increase had come but then the first wave of Covid happened and that was put in the cold storage,” Bhargav Dasgupta, Managing Director and CEO, ICICI Lombard, General Insurance, had said after the fourth quarter results in a media call. ....

Bhargav Dasgupta , Development Authority Of India , Insurance Regulatory , Development Authority , Managing Director , General Insurance , Third Party Motor Insurance , Co Vid , Non Life Insurers , Car Insurance , Motorcycle Insurance , பார்கவ் தாஸ்குப்தா , வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா , காப்பீடு ஒழுங்குமுறை , வளர்ச்சி அதிகாரம் , நிர்வகித்தல் இயக்குனர் , ஜநரல் காப்பீடு , மூன்றாவது கட்சி மோட்டார் காப்பீடு , இணை வித் , அல்லாத வாழ்க்கை காப்பீட்டாளர்கள் , கார் காப்பீடு , மோட்டார் சைக்கிள் காப்பீடு ,

BFSI has among the best risk management practices: ICICI Lombard


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.
Agencies
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. ....

Ram Charan , Aalok Agarwal , Corporate India , Bhargav Dasgupta , Corporate India Risk Index , Icici Lombard , Risk Management Practices , Regulated Sectors , Future Risks , ரேம் சரண் , அலோக் அகர்வால் , பெருநிறுவன இந்தியா , பார்கவ் தாஸ்குப்தா , பெருநிறுவன இந்தியா ஆபத்து குறியீட்டு , இஸிசீ லோம்பார்ட் , ஆபத்து மேலாண்மை ப்ர்யாக்டிஸஸ் , ஒழுங்குபடுத்தப்பட்டது துறைகள் , எதிர்கால அபாயங்கள் ,