GDPI

The IPO, with each share having a face value of Rs 10, consists of a fresh issuance worth Rs 800 crore and an offer for sale totaling up to Rs 2,200 crore by the promoters and existing investors. As part of the OFS, Bupa Singapore Holdings and Fettl...

After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.

The industry's GDPI saw a robust 15.5 per cent year-on-year (YoY) expansion in 2023-24, rising to Rs 2.79 lakh crore on the health segment, it said. Apart from this, the report said that the growth in the motor segment was healthy, supported by the ...

Go Digit has grown business faster over the past six years. It has the lowest loss ratios among peers, which reflects high underwriting quality. In addition, a higher retention ratio and claims ratio augur well for future growth.

The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.

During the same period in the previous year, the company had reported a net profit of ₹437 crore. The company declared a final dividend of ₹6 for FY24, taking the total dividend payout to ₹11 a share.

IRDAI approved Galaxy Health led by V Jagannathan. Star Health had a Rs 618 crore net profit. IRDAI introduced Bima Sugam, likened to ONDC by Debasish Panda, for insurance activities.

V. Jagannathan, the founder of Star Health and Allied Insurance Company, is launching a new venture in the health insurance sector called Galaxy Health. At 79 years old, he has applied for a preliminary license with the insurance regulator to establ...

This is the highest percentage of companies impacted in more than five years, according to Dell’s Global Data Protection Index (GDPI) Cyber Resiliency Multicloud Edition.

42% are confident about the data protection measures adopted by them to safeguard their existing data needs. They have an assurance that incase of any data breach, the loss incurred by them in terms of data loss will be minimal.

The BBA Human Resources Management program is a three-year undergraduate program that focuses on the fundamentals of managing human resources in organizations. It covers business fundamentals, management, and economic planning. Graduates can find ca...

The company's gross direct premium income came in at Rs 6,387 crore in Q1, compared with Rs 5,370 crore a year ago, showing growth of 19%, which was higher than the industry growth of 17.9%. Excluding crop, GDPI growth of the company was at 19.2%.

In the fiscal year 2023, the combined ratio - an indicator of profitability, which is calculated by measuring the sum of incurred losses and operating expenses as a percentage of earned premium - rose for almost all general insurers.

Moreover, it said, the capital requirement of three PSU general insurers (excluding New India) is estimated at a sizeable Rs 172-175 billion to meet solvency of 1.50 times as of March 2024, assuming 100 per cent forbearance from the regulator. The i...

The company's gross premiums written jumped 7% to Rs 5,340 crore for the quarter under review against Rs 5,000 crore in the same period last year.

"Profit Before Tax (PBT) grew by 80.1 per cent to Rs 465 crore in Q1 FY2023. Capital gains were at Rs 32 crore in Q1 FY2023 as against Q1 FY2022. Consequently, Profit After Tax (PAT) grew by 79.6 per cent to Rs 349 crore in Q1 FY2023 as against Rs 1...

Gross direct premium income (GDPI) increased to Rs 4,699 crore from Rs 4,034 crore, against the industry's 4.9 per cent growth.

While public sector insurance companies were slower to adjust to an online mode of growth, the reliance on physical meetings were higher which resulted in a two per cent y-o-y decline in business (Rs 71,800 crore in FY2021), the credit rating agency...

The gross direct premium income (GDPI) of the company stood at Rs 3,302 crore in the June quarter, down 5.3 per cent from Rs 3,487 crore a year ago.