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In the quarter ending March 2024, Reliance General Insurance reported a net profit of ₹58.31 crore and revenue of ₹1,741.55 crore, with year-on-year growth of 1.13% and 16.21%, respectively. [18] In the fiscal year 2023, Reliance General Insurance reported a turnover of ₹103,390 crore, marking a 9.88% increase from the previous year. [19]
It got its IRDAI registration on 26 April 2012 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments. [10] In 2021, Religare Health Insurance had a claims settlement ratio of 95.2% [11] for the 2021 fiscal year.
On 20 September 2024, Reuters reported that 7.24 terabytes of data of about 31 million Star Health customers, including sensitive personal and health data, was leaked by a threat actor named "xenZen" on Telegram through Telegram chatbots and on their leak website. [10]
[1] [2] The NHCX aims to standardize and simplify the exchange of health claims, making it easier for insurance companies, government schemes, and healthcare providers like hospitals and labs to share data, documents, and images. This system will also make claims processing more transparent and efficient, lowering operational costs. [3] [4]
December 4, 2024 at 9:05 AM Sophie Rain may be the reigning queen of one of the most famous adult content sites—pulling in a staggering $43 million in a single year—but there is far more to ...
The net incurred claims ratio slightly decreased to 91.32% in 2022-23 from 100.47% in 2021-22. The Gross Investment income registered a growth compared to last financial year. From ₹ 2,935.03 crore (US$340 million) in 2021-22, it rose to ₹ 3,573.57 crore (US$420 million) in 2022-23.
The solvency ratio of an insurance company is the size of its capital relative to all risks it has taken. The solvency ratio is most often defined as: ... The solvency ratio is a measure of the risk an insurer faces of claims that it cannot absorb. The amount of premium written is a better measure than the total amount insured because the level ...
The seismic settlement announced by the National Association of Realtors earlier this month has not yet been approved, but it is already sending shockwaves through the real estate industry.