Non-life insurers reported an over 10 per cent decline in premiums earned, for the second consecutive month. This was on the back of the disruption due to the lockdown.
In April, non-life insurers saw premium collection fall 10.6 per cent to Rs 14,206 crore, from Rs 15,891 crore in the same period last year. This includes private sector, state-owned, specialised, and stand-alone health insurers.
While private sector players recorded a steeper decline of 16.18 per cent in monthly premium collection, their public sector counterparts posted a 5.68 per cent fall. In…
Brokers see hit on distribution income as flows in equity schemes taper
The brokerage houses are bracing for pressure on distribution income amid a slowdown in equity scheme flows, along with declining asset values triggered by a correction in markets.
“Distribution of equity and equity linked products accounts for a significant part of the distribution income. The correction in asset prices will have an impact on this income stream,” said Jimeet Modi, chief executive officer of Samco Securities.
“Due to the lockdown, it has been difficult to make fresh sales of MF products. We are also seeing a slowdown in equity scheme flows. Brokerage incomes have so far…
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May
14, 2020
1 min readOpinions expressed by Entrepreneur contributors are their own.
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Disciplined practices can help leaders ensure that feedback loops flow freely and a top-down understanding of their organization doesn’t blind them to problems.…
RBI converts less than third of Rs 30,000 cr bonds into long-term paper
The Reserve Bank of India (RBI) did not offer the originally planned Rs 30,000 crore of securities for conversion into longer dated securities, but accepted switching for only Rs 7866.73 crore, auction results showed.
After stating last week that it would be converting Rs 30,000 crore of securities maturing in June to longer dated securities, including Rs 4,000 crore into a 40 year security, the RBI offered only Rs 9796.732 crore of securities in its Monday auction. The RBI did not accept any offer for a conversion of Rs 13,000 crore to the 10-year security. It…
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May
17, 2020
2 min readDisclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
If you’re trying to grow your web-based business, it may be tempting to shell out huge amounts of money on paid advertising…
General insurers brace for a rise in non-Coronavirus claims after lockdown
General insurers are bracing for a spike in non-coronavirus (non-Covid-19) health claims in the coming months as normalcy returns after the stringent lockdown is eased by the government.
The rise in claims will mostly come from elective procedures that were postponed on account of Covid-19. This, in turn, will impact the loss ratio of insurers in the health segment.
During the lockdown period, non-life insurers have seen an almost 40 per cent drop in non-Covid claims. This is because individuals have decided to postpone their non-essential procedures or elective procedures, fearing…
Lockdown extension will disappoint markets; Nifty may re-test 7,500 levels
The markets were expecting the lockdown to enter the fourth phase, but were hoping for more relaxations. However, the onus is now on the state governments, who will decide on the red, orange and green zones. That said, major production centres are outside major metros. As far as manufacturing is concerned, will are still not back at the pre-Covid-19 levels. So, the index of industrial production (IIP) will continue to suffer if only parts of India are open for business/manufacturing. The gauge for services production will also continue to suffer.
As regards the government’s stimulus measures,…