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Saturday, July 02, 2022

Oriental Insurance

ORIENTAL INSURANCE NEWS

Government may consider Oriental Insurance or United India for privatisation

February 21, 2021 6:46 pm

To further strengthen their financial health, the government is expected to infuse Rs 3,000 crore in the public sector general insurance companies during the current quarter.

Insurers’ underwriting losses rise to Rs 22,859 crore; three PSU players among worst hit

December 01, 2020 10:21 am

While state-owned New India Assurance contributed the highest net profit of Rs 1,418 crore, the sector — comprising 32 players — has been saddled with total losses of Rs 1,402 crore in FY2019-20.

Capital infusion in three state-owned insurers 'credit positive': Moody's

July 16, 2020 2:21 pm

"Additionally, given these state-owned insurers' dominant position in India and ability to undercut other companies' pricing, improved pricing discipline will benefit the wider market's underwriting performance," Moody's said.

Ratings of three PSU insurers downgraded

September 05, 2019 3:52 am

These companies — two of them reported an erosion in their capital and reserves — may require around Rs 5,000 crore recapitalisation to meet the regulatory standards, experts said.

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