On one hand insurance companies are choosing to stay from bidding for new tenders, on the other global reinsurers have refused to provide coverage unless premiums are revised. Insurance companies need a risk cover as a backing from reinsurers as a protection against large claims.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Insurers exit government’s Fasal Bima scheme to cut losses
Earlier, the Insurance Regulatory and Development Authority (IRDAI) gave time till December 2018 for LIC to bring down its stake to 15 percent or below in legacy investments like L&T, Corporation Bank and ITC among others. However, considering LIC investment corpus and the investee companies’ positions, the deadline was indefinitely extended.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Here are top 25 stocks held by LIC; will it have to cut stake before IPO?
However, since there is a dearth of fully-qualified actuaries, insurers also appoint individuals who have passed 10 papers as an associate in the actuarial department. Every insurer is mandated to have a full-time appointed actuary who is assisted by a team to price the risk. … [Read more...] about Have a knack for numbers? This could be your dream job
Despite this, the higher contribution of ATBS business in the sale mix and lower cost will cushion the profitability.Geojit expects earnings to grow by 17 percent CAGR over FY19-21E. Given lower-than-expected revenue growth and premium valuation, the brokerage firm values VOL at 24x (26x earlier) on FY21E. … [Read more...] about Q2 a ‘mixed bag’; 10 stocks that were downgraded after September results