India
Cyber insurance in 2025: What every business needs to know
Cyber insurance in 2025: What every business needs to know
On average, Indian companies were subject to 2,807 weekly cyberattacks in early 2024. Alarmingly, this figure marks a 33% jump from the previous year.
India life insurance ownership hits record 78% in latest IPQ survey
Three in four urban respondents now prioritise coverage over cost.
Prudential plans to improve health access in support of 2047 goal
The company also expanded its footprint in Bengaluru.
AI slashes issuance time for nearly half of clients: Policybazaar
AI is also used to manage over 30% of first-contact customer queries.
Zurich Kotak General Insurance reveals two new appointments
Both appointments will focus on the company’s Commercial Insurance unit.
Shriram General wins ₹28.6m claim case with fraud ruling in Rajasthan
The case involved a Toyota Fortuner insured by SGIC.
India’s non-life premiums rise 6.5% YoY in May
CareEdge expects standalone health insurers (SAHIs) to continue leading in the retail.
LIC fast-tracks claim payouts for Air India Flight 171 victims
The insurer has introduced concessions to ease the claims process.
IRDAI directs insurers to expedite Air India Flight 171 claims
Settlement is to be made directly to nominees listed in policies.
Air India crash raises pressure on global aviation reinsurers
Claims from this single event could potentially exceed the entire annual premium.
Sing Re secures IFSCA nod to launch GIFT City reinsurance unit
Sing Re will offer treaty and facultative reinsurance solutions.
India life insurers post steady May growth despite policy volume drop
Annual Premium Equivalent by 14.4%.
Dai-ichi Life, Capgemini set up tech centre to support global IT
Dai-ichi Life aims to eventually bring operations in-house.
India’s insurance domestic investments grow 6.5% YoY in FY 2025
It was due to a slowdown in economic activity and vehicle sales.
Foreign reinsurers raise India market share to 49% in FY 2024
According to GlobalData, this share is expected to surpass 50% in 2025.
Rise of early-onset chronic illness press traditional insurance models
The median age for cardiology consultations has dropped to 33.
India’s insurance industry sees 32% to 34% annual growth
Over the past nine years, the industry has attracted nearly $6.5b in FDIs.
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