Irda gives full pricing freedom to general insurers (Business Standard 20th Dec 2007)
Insurance Regulatory Development Authority of India (Irda) has decided to give full pricing freedom to the general insurance companies from January 1, 2008.
In a letter to the CEOs of general insurance companies, the regulator said that except for motor third party rates, insurers are free to quote the premium rates filed with Irda for all other lines of business (whether a new policy or a renewal policy).
Banking stocks riding low on profit booking (The Hindu Business Line 20th Dec 2007)The banking stocks seem to be riding low on the back of profit booking in overvalued stocks. While the benchmark index Sensex has fallen by 6.30 per cent since a week, BSE-Bankex was down by 8.10 per cent during the same time.
According to analysts, most frontline banking stocks have become highly overvalued and are trading at very high multiples, which seem to have put pressure on the whole sector.
Insurance Regulatory Development Authority of India (Irda) has decided to give full pricing freedom to the general insurance companies from January 1, 2008.
In a letter to the CEOs of general insurance companies, the regulator said that except for motor third party rates, insurers are free to quote the premium rates filed with Irda for all other lines of business (whether a new policy or a renewal policy).
Banking stocks riding low on profit booking (The Hindu Business Line 20th Dec 2007)The banking stocks seem to be riding low on the back of profit booking in overvalued stocks. While the benchmark index Sensex has fallen by 6.30 per cent since a week, BSE-Bankex was down by 8.10 per cent during the same time.
According to analysts, most frontline banking stocks have become highly overvalued and are trading at very high multiples, which seem to have put pressure on the whole sector.
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