India
India’s general sector premiums seen to rise in the medium term
India’s general sector premiums seen to rise in the medium term
The sector has also benefitted from favourable investment conditions.
SBI Life Insurance 9M 2024 profit catapults 48% YoY
Annualised premium equivalent also jumped by 11% YoY.
IRDAI reforms focus on modernising insurance oversight
The Regulatory Sandbox framework has also been updated.
India's life insurance annual premium equivalent drops 2.3% in December
This was in contrast to the 13.6% YoY increase in December the previous year.
Gallagher names new principal officer in India
He joined the company in late 2023.
PhonePe launches insurance for Maha Kumbh Mela attendees
The plan is developed in collaboration with ICICI Lombard General Insurance.
India’s life insurance sector bound for 6.9% annual growth: Swiss Re
Total premium volumes predicted to increase by an average of 7.3%.
India's non-life insurance slightly dips by 0.33% in December
On a year-to-date (YTD) basis, the industry jumped 7.82%.
India’s insurance penetration slumps to 3.7% in FY 23-24
Insurance density in India rose slightly, from $92 in FY 22-23 to $95 in FY 23-24.
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
India’s Union Cabinet extends crop insurance schemes
It has a total allocation of ₹69,515.71 crore.
Half of Indian health insurance policyholders report claim rejections
83% of respondents also believe health insurers lack modern systems.
India's non-life insurance climbs 4.4% in November
The modest growth was driven by retail health and motor third-party.
Insurers say India’s medical costs to climb 13.2% this year
Meanwhile, 2024 is projected to jump by 12.5%.
New India Assurance works to tighten underwriting, risk controls
However, its balance sheet remains exposed to potential volatility.
India's non-life insurance sector grows 4.41% YoY in November
Standalone health insurers saw their premiums climb 10% YoY.
India's life insurance sector grows 20% YoY in November
The sector's two-year compound annual growth rate (CAGR) stood at 1.8%.
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