India
SBI Life Insurance 9M 2024 profit catapults 48% YoY
SBI Life Insurance 9M 2024 profit catapults 48% YoY
Annualised premium equivalent also jumped by 11% YoY.
3 hours ago
IRDAI reforms focus on modernising insurance oversight
The Regulatory Sandbox framework has also been updated.
8 hours ago
India's life insurance annual premium equivalent drops 2.3% in December
This was in contrast to the 13.6% YoY increase in December the previous year.
3 days ago
Gallagher names new principal officer in India
He joined the company in late 2023.
4 days ago
PhonePe launches insurance for Maha Kumbh Mela attendees
The plan is developed in collaboration with ICICI Lombard General Insurance.
5 days ago
India’s life insurance sector bound for 6.9% annual growth: Swiss Re
Total premium volumes predicted to increase by an average of 7.3%.
5 days ago
India's non-life insurance slightly dips by 0.33% in December
On a year-to-date (YTD) basis, the industry jumped 7.82%.
5 days ago
India’s insurance penetration slumps to 3.7% in FY 23-24
Insurance density in India rose slightly, from $92 in FY 22-23 to $95 in FY 23-24.
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
India’s Union Cabinet extends crop insurance schemes
It has a total allocation of ₹69,515.71 crore.
Half of Indian health insurance policyholders report claim rejections
83% of respondents also believe health insurers lack modern systems.
India's non-life insurance climbs 4.4% in November
The modest growth was driven by retail health and motor third-party.
Insurers say India’s medical costs to climb 13.2% this year
Meanwhile, 2024 is projected to jump by 12.5%.
New India Assurance works to tighten underwriting, risk controls
However, its balance sheet remains exposed to potential volatility.
India's non-life insurance sector grows 4.41% YoY in November
Standalone health insurers saw their premiums climb 10% YoY.
India's life insurance sector grows 20% YoY in November
The sector's two-year compound annual growth rate (CAGR) stood at 1.8%.
Removing 74% FDI cap may benefit insurers more: Chairman
This could remove the need for joint ventures, but int’l insurers may still favour local partnerships.
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1. Manulife’s new single-premium policy offers annual yield of 4% 2. India’s life insurance sector bound for 6.9% annual growth: Swiss Re 3. MSIG taps Inova Care for health portfolio management 4. Manulife Asia, MDRT partner for agent development 5. Singapore’s life insurers likely to post growth in 2025Resource Center
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