#general-insurance
Reliance on non-core income makes Indian insurers structurally weaker than global peers: Report
In the realm of Indian general insurance, a significant portion of profits arises from investment income. This reliance dilutes their operational strength compared to international players.
Jio Financial and Allianz Group formally launch 50:50 insurance JV
Jio Allianz General Insurance has been incorporated. Jio Financial Services and Germany's Allianz each hold a 50 percent stake. The new company will offer general insurance, including health insurance in India. This follows Allianz's earlier exit from a joint…
Universal Sompo Reports 18% Growth to ₹6,008 Crore Amid Health Pricing Concerns, ETBFSI
In an interview with ETBFSI, Sharad Mathur, MD & CEO, Universal Sompo General Insurance, said the insurer posted ₹6,008 crore in premiums with 18% growth, even as it remains cautious on profitability and compliance amid evolving regulatory frameworks. He high…