ICICI Lombard To Announce Results Today

Q2FY22 #Estimates
Gross Premium Seen 🔼4.5% At ₹4,424 Cr Vs ₹4,236 Cr (YoY) (#IRDAI)

ELARA ESTIMATES (Q2FY22E)
👉NEP Seen 🔼26.7% At ₹3,120 Cr
👉Underwriting Loss Seen At ₹430 Cr
👉PAT Seen 🔽65% At ₹150 Cr

#JustIn | #IRDAI has permitted general insurance companies to introduce the following tech-enabled concepts for the Motor Own Damage (OD) cover

▶️Pay as You Drive, Pay How You Drive, Floater policy for vehicles belonging to same individual owner for 2-wheelers & private cars

#IRDAI's #BimaSugam is expected to provide a digital platform to all insurers to sell products directly to customers online

Insurance Regulatory and Development Authority of India (#IRDAI) grants life insurance #licence to Acko Life Insurance & Credit Access Life Insurance

◼️Alert: This is the #first time a life insurance licence has been granted by IRDAI since 2011

#SBILife identified to acquire life insurance business of Sahara India Life Insurance: #IRDAI

#IRDAI grants life insurance business licence to Go Digit Life Insurance

🔴 Alert: License to Go Digit Life is the 4th business license issued by IRDAI this year

🔴 Alert: With Go Digit Life Insurance, the number of entities in the Indian life insurance space goes up to 26

#SBILife | #IRDAI approves appointment of Amit Jhingran as MD & CEO of the company https://t.co/jPJIwcsSPk

#IRDAI actively working towards development & implementation of Indian Risk-Based Capital (Ind-RBC) framework

Here's more https://t.co/poZ5WrfITC

#IRDAI | Minimum capital requirement for Foreign Reinsurance Branches (#FRBs) lowered to ₹50 crore from ₹100 crore https://t.co/AK8bRGI0g1

#IRDAI | IRDAI approves amendments to reinsurance regulations. Minimum capital requirement for Foreign Reinsurance Branches (#FRBs) lowered to ₹50 crore from ₹100 crore https://t.co/6nCX9IooZ9 https://t.co/XtrzdYifMt

RT @CNBCTV18News: The #IRDAI approves changes to the reinsurance regulations, which include minimum capital requirement updates, streamlined order of preference, and others.

More details by @YashJain88 & @anshul91_m | #Insurance #Reinsurance #Finance

https://t.co/ASLGS2rtus

#IRDAI board gives approval to Bima Sugam

⚡️Bima Sugam likely to be called 'Rashtriya Bima Sugam Nigam Ltd'

#IRDAI approves regulations around registration, capital structure, transfer of shares & amalgamation of insurers

#IRDAI has come out with final regulations in relation to surrender value effective April 1, 2024

>>The surrender value is expected to remain same or even lower if policies are surrendered up to 3 yrs

>>For policies surrendered from 4th to 7th yr, surrender value may see a minor increase

To avoid any hardship, #IRDAI has advised insurers to keep their offices open as per normal working hours on March 30 & March 31, 2024

#IRDAI mulls increasing final #SurrenderValue from March’24 notification levels

IRDAI chairman expresses displeasure on resistance from insurers on increase in surrender value

#JustIn | #LIC clarifies on CNBC-TV18 report w.rt co seeking changes to surrender value norms, says, have submitted views to #IRDAI w.r.t implementation of IRDAI (Ins Pdts) norms, 2024

#IRDAI has approved appointment of Prasun Simsat as MD & CEO of #BimaSugam

Prasun Simsat has served 25 years in insurance industry, was MD & CEO at Manipal Cigna Health Insurance