India

Less than 5% of them provide comprehensive insurance and benefits.

CareEdge Ratings attribute the decrease to the YoY decline in group premiums.

It is considered the largest-ever Series A round by an Indian Insurtech company.

Total insurance premiums is growing by 14% annually.

Health insurance to reach $12.22b in FY2024.

The insurance firm is seeking to restructure its financial services business.

The discussions broke down over disagreements on shareholding and governance rights.

The move could unlock new funding avenues for startups in the country.

Premiums, however, fell compared to the month before.

The regulator aims to let smaller players entry into the market.

Its purpose is to look into improving the health insurance segment.

The public issue consists of a fresh issue of equity shares worth up to $60m

Private equity funds may invest as a promoter or an investor.

The industry is currently growing at a CAGR of 11%.

This is the second local life insurance venture with 74% foreign ownership.

Private insurers outpacing public peers continues to be a growing trend.