Stock insurance ( GENERAL INSURANCE) & TOP 5 COMPANIES IN STOCK INSURANCE BUSINESS

2. Insurance is a means of protection from financial loss. It is a
form of risk management primarily used to hedge against the
risk of a contingent, uncertain loss.

4. Stock insurance
 Our stock insurance provides cover against the loss of, or damage to,
goods used as part of your stated business activity.
What is covered
 Raw materials.
 Goods being manufactured or traded.
 Other goods for which you are responsible and which belong to
other parties.
Additional benefits
 No hidden costs - because our excess fees are fixed.
 Guaranteed premiums for 12 months - whether you claim or not.

5. Continued
When your business is covered
Your business stock is covered when it is damaged or destroyed as a
result of:
 Fire and explosions
 Acts of nature, including earthquakes
 You are also covered for fire-extinguishing charges.

7. JV between
Bajaj Finserv and
Allianz SE in
2001 to form
Bajaj Allianz
2001
Bajaj Finserv 74%
Allianz SE 26%

8. Tapan Singhel(Md & Ceo)

10. Key person Rakesh Jain (Ceo) BEFORE THIS HE SERVE as the Director –
Corporate Centre & CFO at ICICI
LOMBARD GIC Ltd. He has received the
'Best CFO' award in the Financial Services
Sector given by the Institute of Chartered
Accountants Of India.
The GrossWritten Premium for the
year ended March 31, 2014, was at
24.42 billion (US$360 million) with a
distribution network composed of
over 125 branches and more than
15,500 intermediaries
PREMIUM

11. PREMIUM QUOTE BY RELIANCE

13. Key person K SANATH KUMAR (CEO)
FOUNDED 1906
General Insurance Corporation
of India (GIC).
On the 2nd of February 2018, the Government
of India announced the merger of National
Insurance Company Limited with United
India Insurance Company and Oriental
Insurance.
Subsidiary
Merger

14. NICL has a range of coverage policies targeting different sectors:
1. Personal Insurance policies include medical insurance, accident, property and
auto insurance coverage
2. Rural Insurance policies provide protection against natural and climatic disasters
for agriculture and rural businesses
3. Industrial Insurance policies provide coverage for project, construction, contracts,
fire, equipment loss, theft, etc.
4. Commercial Insurance policies provide protection against loss and damage of
property during transportation, transactions, etc.

16. JV between
ICICI Bank
and FAIRFAX
Financial
holding
limited in
2001 to form
ICICI Lombard
2001
ICICI bank 64%
Fairfax financial
holding limited 36%

17. Bhargav Dasgupta (Managing Director)
Alok Kumar Agarwal (Executive Director)
(Chief Marketing Officer)

18. Achieved by ICICI Lombard
since 2001

21. 1. THE NEW INDIA ASSURANCE
COMPANY
Founded Sir Dorabji Tata
1919,Year
Subsidiary
General Insurance Corporation of India
Key person Mr. G Srinivasan

22.  GrossWritten Premium Rs.19,208 Crore
 Growth Rate 17%
 Profit AfterTax Rs.1,865 Crore
 Investments at MarketValue Rs.65,772 Crore
 Asset Base Rs.78,415 Crore
 Solvency Ratio 2.39