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The New India Assurance Company
SectorFinancial Services
The New India Assurance Company Limited is India's largest general insurance company, operating across 29 states and 7 union territories in India, and in 26 other countries. Founded in 1919, it offers various insurance products including fire, marine, motor, crop, and health insurance. The company is registered with IRDAI for general insurance business. It became a subsidiary of the General Insurance Corporation of India in 1973 and was later nationalized. In 2017, the company went public through an IPO. As of March 2023, it has a network of 1915 offices in India, including regional offices, corporate offices, divisional offices, branch offices, and micro offices. The company has partnerships with several banks for bancassurance. Its foreign operations contribute significantly to its gross written premium. The New India Assurance Company Limited has subsidiaries in Trinidad & Tobago, Sierra Leone, and Nigeria.
In the news
New India Assurance Shares Fall 3% After 16% Gain in Five Days
NSE IPO: Why the $2.4B Listing Slipped and What It Means for IFCI, NIACL
NSE IPO Opens Today: ₹22,562 Cr Issue Drives Trading Surge
NSE IPO Day 1: ₹22,562 Cr Issue Subscribed 0.42x, GMP at ₹148
NSE IPO Price Band Set at ₹1,700-1,785, May Leave Unlisted Investors with Losses
New India Assurance Hits 52-Week High on NSE IPO Catalyst
IFCI shares surge 6% as NSE IPO gets SEBI approval, set for ₹30,000 cr listing
HDFC Bank, Sterlite Tech lead midday stock moves amid market decline
Fire insurance premiums drop 28.5% in Q1 amid aggressive discounting
S&P forecasts 'massive' growth for India's insurance sector amid mixed Q1 performance
NIA shares surge 5.80% with 28x volume jump on NSE
Insurance stocks surge 10% on SC motor insurance ruling boost
New India Assurance shares fall 5% after Q1 loss of ₹244 crore
Health Insurers Cannot Reject Claims Without Medical Evidence, Court Rules
Market Drivers Behind Eight Stock Movers
Insurance stocks surge on NSE with New India Assurance leading
Govt announces key insurance sector leadership changes
Finance Secretary Reviews PSU Insurance Strategy Documents
HDFC Life gets ₹126 cr tax notice with ₹45 cr interest
New India Assurance gets ₹672 cr tax demand deleted by NFAC
Company insights, generated from the most recent coverage.
Operating expenses jumped to ₹1,084 Cr from ₹852 Cr in Q1 FY27 — cost growth of ~27% against 2.9% GWP growth means the expense ratio is widening the underwriting hole independently of claims.
A TP premium revision is the single highest-torque catalyst for NIACL — with motor TP claims at 122.20%, any IRDAI tariff hike flips the largest loss-making book to profit, which is why unconfirmed speculation alone can drive a double-digit day.
Fire and Marine claims ratios improved sharply in Q1 FY27 while Motor and Health stayed under pressure — NIACL's turnaround is segment-specific, so blended combined ratio improves far slower than best-case segments suggest.