GROSS WRITTEN PREMIUM GWP

Star Health and Allied Insurance Company Ltd. has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years. The company, based in Chennai, has recorded a profit after tax of Rs 845 crore, a 37% increase from...

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.

Star Health & Allied Insurance expects 18-20% growth in gross written premiums this year, aiming to double premium income in four years. CEO Anand Roy discussed the company's strategies with Shilpy Sinha.

The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.

Commenting on the financial performance, Shriram General Insurance Company Ltd MD and CEO Anil Aggarwal said, "The year gone by has been a milestone for our business as we recorded the highest ever growth since we began our operations in 2008. Our G...

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.

Net premium income for the third quarter increased 16% year-on-year (YoY) to Rs 22,316 crore. The growth in individual new business premium by 17% to Rs 17,760 crore in the nine months of fiscal 2024. NBP rose 21% to Rs 26,000 crore in the nine mont...

Net premium income during the second quarter increased 22% year-on-year (YoY) to Rs 20,050 crore. It was Rs 16,477 crore in the corresponding quarter of the previous year.

The industry saw premiums amounting to Rs 19,291 crore, marking a 12.80% increase compared with the same month last year. Bajaj Allianz General Insurance saw 64% growth while Tata AIG General Insurance saw a 26% jump in the gross written premium, wh...

SBI Life records 18% growth in individual new business premium to Rs 4,060 crore in the first quarter, while the overall new business premium rose 11% to Rs 6210 crore, aided by 18% growth in single premium business.

In the first quarter of FY24, HDFC Life, SBI Life, and Max Financial Services are projected to achieve year-on-year annual premium equivalent (APE) growth of 15%, 8%, and 8%, respectively, while ICICI Prudential Life is likely to experience a 9% dec...

The operating expense to GWP ratio was at a healthy 15.9% in FY23 versus 16.0% in FY22. At 2.14x, the company registered a robust solvency ratio for the year, higher than the minimum regulatory requirement of 1.5x, Star Health said.

IFFCO-Tokio General Insurance Company was incorporated on in December 2000. It offers retail products like motor, health, travel, home and personal accident insurance and corporate products, including, property, marine and liability insurance.

In the previous fiscal, the private general insurance major had registered a growth of 8 per cent with a gross written premium (GWP) of Rs 4,210 crore.

Of the total 31 non-life insurance companies, 24 general insurers registered a growth of 23.57 per cent in their gross direct premium written in April at Rs 19,705.86 crore, according to data from the Insurance Regulatory and Development Authority o...

Aditya Birla Health Insurance Co. Limited. (ABHICL), the health insurance subsidiary of Aditya Birla Capital Limited (ABCL), has completed five years with a gross written premium (GWP) of Rs 764 crore in H1 FY22, the insurer said in a release. It ha...

Niva Bupa Health Insurance Company (formerly Max Bupa Health Insurance Company) said it has been aggressively expanding its presence across Tier-II, III and IV cities, opening one new office every 3.5 days in the last year. Currently, Niva Bupa has ...

Bharti AXA General Insurance reported a nominal growth of 0.82 per cent in its gross written premium (GWP) at Rs 3,183 crore in the fiscal 2020-21, as against Rs 3,157 crore in FY20.

The non-life insurer increased its customer base by more than 3 crore during FY21.