India’s largest general insurance company is considered ‘too big to fail’, yet it struggles to generate profits.

Non-life insurers record 2% premium growth in September, Bajaj Allianz General Insurance leads the way

The non-life insurance sector in India has reported a modest 1.94% year-on-year growth in gross direct premium to Rs 23,430 crore in September. This growth was driven primarily by an increase in standalone health insurance premiums. The largest general insurer, New...
India’s largest general insurance company is considered ‘too big to fail’, yet it struggles to generate profits.

The Supreme Court has upheld the ‘pay and recover’ method in motor accident claims, allowing claimants to receive compensation first and then permitting insurance companies to pursue recovery from the liable party.

The Supreme Court of India has made a significant ruling in the case of K. Nagendra v. New India Assurance Co. Ltd., reaffirming the principle of victim-centric justice in motor accident compensation. The court held that an insurer cannot deny compensation to accident...