RSA is present in the country through Royal Sundaram Alliance, its joint venture with Sundaram Finance. British insurer Royal & SunAlliance (RSA) sees motor insurance driving its growth in India. RSA is present in the country through Royal Sundaram Alliance, its joint venture with Sundaram Finance. "The Indian business is among our top two companies in emerging...
Royal Sundaram Alliance Insurance Company today announced that Mr Ajay Bimbhet would be joining as its Managing Director. The necessary approval from IRDA has been received. The move follows the current Managing Director Mr Antony Jacobs appointment as the Regional Finance Director - Asia & West Asia, Royal & SunAlliance. Mr Antony will continue to be a non-Executive...
"Due to competitive pressures there would surely be a further price cut in the new premiums. However, in the long run, prices for these segments are likely to move up and stabilise as the industry matures." Phalguna Jandhyala New Delhi, July 13 The non-life insurance sector could see a further reduction in premium rates of fire, engineering and workmen''''''''s...
United Kingdoms second largest insurer, Royal & SunAlliance Group (R&SA) is bullish on India. It expects the share of its Indian presence to rise four-fold to 40 per cent of total income from its operations in emerging markets by 2010. The foreign insurer is present in India as a promoter of Royal Sundaram General Insurance Company with a 26 per cent stake. R&SAs...
Chennai June 24 - It is well known that insurance companies pay a lot more in claims settlement than the premium they collect for `motor third party, because the law, more or less, has made it mandatory for the insurer to pay the person hit by an insured motor vehicle. In 2006-07, insurance companies collected about Rs 2,000 crore as `third party premium and have been saddled...
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