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Debashis Basu: Signs Of Premature Ageing?  Sometime in March 2008, two very smart and wealthy investors were explaining to me the reason behind their large stakes in two listed financial services businesses: rising prosperity and swelling savings are bound to create long-term growth for financial services companies. Both the stocks are down 80 per cent over the almost four years...

Reforms Marked 2011 For Insurance Sector  Place : New Delhi   After a long wait and prolonged consultation with stakeholders, the Insurance Regulatory and Development Authority (Irda) finally came out with guidelines on initial public offers (IPOs) during the year. This development will see private insurers hitting capital market in the coming years.   The IPO notification...

The government has initiated a move to migrate the domestic general insurance companies into the Solvency II regime in a bid to strengthen the sector.   The move comes close on the heels of the RBI notification, announcing the banking sector's migration into Basel-III capital requirements. Solvency II prescribes the amount of capital that an insurer should hold to reduce the risk...

Lic Using Bancassurance Channel Poorly: Irda     Place : Mumbai   Despite having a tie-up with several large public sector banks, more than 150 brokers and top corporate agents to distribute its insurance policies, Life Insurance Corporation of India (LIC) has failed to use these channels effectively, and instead, relies largely on its agents to bring in business.   ...

Underwriting Losses Of Non-Life Insurers Up 68%     Place : Mumbai   Underwriting losses of non-life insurance companies galloped to Rs 9,969 crore in 2010-11, up from Rs 5,944 crore in the previous year. The financial year 2010-2011 witnessed a significant jump in underwriting losses at 67.72 per cent, compared with 11.64 per cent increase in 2009-10, statistics...