India
Indian life insurance market expands 12% YoY in May
The overall medium-term outlook remains positive.
Indian life insurance market expands 12% YoY in May
The overall medium-term outlook remains positive.
IRDAI unveils major life insurance reforms
Key changes focus on clarity, alternative options, and reinforced governance.
RBI approves Zurich's 70% stake in Kotak Bank’s insurance arm
The acquisition is worth Rs5,560 crore.
Insurers to expedite claims, IRDAI mandates senior liaisons
Insurers are advised to publicise contact details of liasons for better assistance.
India repeals 55 health insurance documents
On a good note, policyholders gain more product choices.
Paytm withdraws application for general insurance licence
Its decision will save the company INR950 crores.
India’s non-life sector could see 15% growth in the medium-term
This would be driven by India’s GDP and disposable income levels.
India's life insurance market to grow 10% annually
The industry is projected to reach $216.1b by 2028.
India’s private insurers outperform with tech edge
The market share of the top 10 insurers fell to 71.2% last year.
IRDAI sets rural coverage mandates for insurers
Coverage providers must offer a minimum level of protection in villages.
India's life insurance APE grows 22% YoY in April
New business premiums surged by 61.2%.
52% of India’s health insurance policyholders indicate a premium increase
The industry’s premiums are expected to rise 10% to 15%.
GIC Re witnesses premium income fall in 9M’23
Its premium income fell to INR28,458.1 crore.
Firm advises Sanlam on increased stake in Shriram Insurance
It ploys to increase its share in Shriram’s life and general insurance business.
India’s terrorism risk pool pays high for 18 claims last year
Limit of Indemnity is capped at INR20b per risk/location.
Russian marine insurers secure India's approval: Report
The approval came after the Russian National Reinsurance Company provided financial guarantees.
IRDAI explores improved insurance distribution methods
Participants discussed industry readiness for transitioning to Risk-Based Supervision and Capital frameworks.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
