General Insurance Business

The shift in the insurer’s product mix in favour of health insurance augurs well for future profitability

PB Fintech IPO – Should investors bet on this pricey new-age business?

Policy Bazaar is the prominent asset, accredited for starting online insurance sales in India some 13 years ago

ICICI Lombard – Higher health claims, merger weigh on H1 earnings

While the COVID claims went down, the non-Covid health claim frequency in Q2 FY22 saw a sharp increase compared with Q2 FY21

ICICI Lombard Q1 hit hard by surge in health claims

ICICI Lombard saw a significant spike in COVID-19 claims intimated, from just around 1,300 cases in Q1FY21 to around 46,000 in Q1FY22

Co looks to grow at a rate of 20-25% every year: Bajaj Finserv

Mortgage loans, which are of a longer duration, has dragged the growth rate down, says Sanjiv Bajaj, MD of Bajaj Finserv.

To repay debt, grow hsg fin biz from stake sale funds: Rel Cap

The company would like to keep the debt to equity ratio at 1.8, said Sam Ghosh, ED & Group CEO, Reliance Capital.

No plans to withdraw bank licence application: Sanjiv Bajaj

Sanjiv Bajaj, MD, Bajaj Finserv brushed aside rumours of Bajaj Auto being worried about the impact on exclusivity deal if Bajaj Finance were to get a bank lisense. Bajaj Finance infact continues to have strategic deals with Baja Auto, he adds.

HSBC closes in on $1 bn gen insurance sale: Sources

British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about USD 1 billion, sources familiar with the matter told Reuters, with French insurer AXA SA and Australia's QBE Insurance Group Ltd expected to split the business, a separate report said.