India
India non-life premiums leap 28% in October
India non-life premiums leap 28% in October
YTD growth in FY 2025 was subdued compared to FY 2024.
Health insurance payouts rise 30% in India
Rising healthcare costs were driven by chronic conditions.
GIC Re sees profit surge 24% YoY in H1 2024
Meanwhile, underwriting loss reduced to ₹2,376.95 crore.
India's insurtech revenue grows 12-fold to $750m over five years
Despite this, 45% of medical expenses are paid out of pocket.
Zopper bags $25m in Series D funding
The company has partnered with 40 insurers and over 2,500 ecosystem players.
Rising healthcare costs drive growth in Indian insurance: McKinsey
From FY 2020 to FY 2023, the industry saw a CAGR of 11%.
Canara HSBC Life unveils OmniGen AI to streamline underwriting
It also helps underwriters refine key judgement points in risk evaluation.
India's life insurance growth slows to 10.6% in October
The industry is expected to grow by 1% to 13% over the next three to five years.
Max Life to improve risk assessment with Swiss Re tech
It allows Max Life to leverage extensive health data from multiple sources.
Over 38% of Indians remain uninsured despite sector growth
An estimated 14% of the population opts for private voluntary health insurance.
Canara HSBC Life launches India manufacturing fund for ULIPs
The portfolio focuses on Automobiles, Capital Goods, Defence, Healthcare, and Metals.
Allianz SE mulls exit from Bajaj Insurance joint ventures
Bajaj Finserv holds a 74% stake in both joint ventures.
Niva Bupa Health’s IPO opens today, closes 11 Nov
The healthcare insurer has set a price range of ₹70 to ₹74 per share.
Foreigners in India buying insurance climbs 50%
Female policyholders have also increased from 4% to 11% over two fiscal years.
Pandemic, competitive rates drive NRI’s term insurance adoption
NRIs in high-income nations seek higher sums.
India’s life insurance sector bags 12% CAGR in past five years
The life insurance penetration rate is at 3.8%.
Competition Commission of India clears central bank on acquisitions
The central bank proposed stakes in both life and general entities of Future Generali.
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