India
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Indian insurtech Plum raises $15.6m in funding round
The funds will be used to scale engineering, business and operation teams.
India's Star Health to raise $275m for IPO
It will be the fourth private insurer to list on Indian stock exchanges.
India releases final rules on higher FDI for insurers
At least 50% of annual net profit must be maintained as general reserve.
India's Acko seeking funds for unicorn status
The startup is looking to raise about $200m.
India pushes product expansion in title insurance
A comprehensive cover for all promoters is recommended.
India's Choice Group floats insurance aggregator platform
ISMOS will offer life, health and general insurance plans.
Indian insurers at the cusp of transformation: retired IRDAI chairman
India's IT capabilities will accentuate the further growth of the sector.
Indian general insurers likely to hit $36.4b in 2025
The sector has a CAGR of 8.7% over FY2019-2024.
Indian insurers' lagging underwriting could hit long-term profits: report
Adequate earnings have not accompanied market growth.
Indian insurers can now invest in REITs, infrastructure trusts
This will boost the overall portfolio yield held by these firms.
India's LIC nets $24.4b in FY2021 new premiums
Its individual life business posted a first-year premium income of $7.5m.
Indian general insurers wary of growth outlook
The sector is still plagued by negative consumer sentiment, and there are concerns for the 2022 financial year.
Indian regulator issues rules on insurance ads
Insurers are required to file a copy of an ad within seven days of release.
Indian non-life GWPs jump 5.2% in FY2021
General insurers' premiums grew to $22.6b.
Indian insurers can now invest in fund of funds
But they can not invest into policyholder funds outside India.
India drafts rules for insurers offering trade credit insurance
A policy can grant an indemnity of up to 60% of trade receivables.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
