India
Online insurance platform Policybazaar planning $500m IPO
It is seeking a listing before end-2021.
Indian health insurance plans constant in Q1: report
The average price for an insured sum hit $283 and $371.
Indian lawmakers approve higher FDI for insurers
It will expand insurance penetration and boost valuation of insurers.
Indian regulator urges insurers to be more transparent
There should be systems for policyholders to track their claims.
Indian health insurers barred from raising premiums whilst upgrading plans
Insurers can still make minor modifications.
Indian cabinet OKs higher FDI limit for insurers
The revisions will now be introduced to Parliament.
Indian insurtech Turtlemint raises $46m in funding round
It will use the money to expand its distribution reach.
India mulls hiking LIC's authorised capital ahead of IPO
The life insurer's paid-up capital is currently at $1.4b.
India mulls capping banks' ownership stakes in insurers
It suggests that the central bank is looking for uniformity in ownership rules.
Indian insurers, paytech partnerships bring wider distribution
Insurers that have done so will reach a bigger client base with less cost.
India's budget proposals could help insurers woo foreign capital
A capital influx could allow the sector to develop distribution networks.
Indian life insurers record fourth straight growth in October
First-year premiums jumped 31.9% to $3.07b.
Insurtech firm Cover Genius extends pet insurance to India
It will partner with Indian online pet supplier PetPal.
Indian life insurers' first-year premiums rebound after four months
Private insurance companies led the increase.
Indian motor insurance segment to shrink 27.2% in 2020
Lockdown measures have snowballed into a decline in premium collections.
India health claims surge 240% to $152.7m
Average claim per person reached $2,125.
India's short-term COVID-related insurance plans to push policy uptake
More people are likely to buy plans as COVID-related costs became more known.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
