India

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. 
3 days ago

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. 
3 days ago

India's life insurance market to grow 10% annually

The industry is projected to reach $216.1b by 2028.
5 days ago

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.

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.

CareEdge forecasts 11% to 13% growth for India’s life insurers

Digital infrastructure is expected to enhance distribution channels.

India's life insurers' new business grows 2% YoY FY’24

29.2 million policies were sold during the year.

IRDAI removes age cap for health insurance: Report

Other improvements have also been made to India’s healthcare system.

ICICI Lombard's GDPI climbs 17.8% in FY’24

Its Q4’24 earnings were driven by motor and health segments.

India’s non-life premiums see double-digit growth in FY’24

The industry is projected to grow 13% to 15% in the medium term.