India
Policybazaar IT system suffers breach
Policybazaar IT system suffers breach
However, the firm said that no significant customer data was exposed.
Indian insurers profited nearly $5b in government crop insurance scheme
The scheme was launched in 2016.
India’s non-life insurance industry skyrockets by 20.7% in June
The year-on-year growth totaled $2.22b
India’s life insurance industry experiencing post pandemic growth: analyst
It is set to grow to $150.6b in 2026.
India poised to be 6th largest insurance market in the world by 2032
It is currently 10th amongst the top 20 markets in the world.
Cheaper insurance as IRDAI greenlits tech-enabled cover for motor
This will enable Indian insurers to offer analytics-based policies.
Indian human rights group seeks mandatory insurance for truck drivers
They are seeking a cover of $18.9k for every truck driver, co-driver, and helper.
India’s recently cancelled cricket match triggers $5.75m in insurance claims
The cancellation of the recent match triggered several claims.
India could soon allow customers to take out loans to buy insurance
The regulator is currently studying a proposal for premium financing.
India extends ‘Use and File’ system
This allows insurers to market products whilst waiting for regulator approval.
India general insurance industry doubles growth rate in 2022
From 5% in 2021, it is forecasted to grow by 10.2% by end 2022.
LIC net profits surges by 39.4% in full-year 2021
This is despite a fall of 18% in profits in the fourth quarter.
India jacks up third-party motor insurance premiums
The increase takes effect on 1 June.
Howden gets regulator nod to acquire 100% of India business
India’s government allows 100% foreign ownership of insurance intermediaries.
India’s Digit Insurance eyes $500m IPO
It plans to file the necessary papers by September.
Indian insurers forbidden from advertising services not part of cover
The regulator said this is ‘unacceptable’.
Paytm launches joint venture general insurance firm
This comes after its initial intent to purchase a non-life business fell through.
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