India
India's life sector projected to hit $98.5b in GWP by 2024
India's life sector projected to hit $98.5b in GWP by 2024
Catalysts include favourable demographic factors and economic recovery expected over H2 2021.
Indian life insurers' new business premiums inch 7% in FY2020-21
Private insurers grew 8% in individual business, whilst group business saw a 20% growth.
What to expect from India's health insurers amidst COVID-19 resurgence
The sector is already expected to hike its premium rates in response to claims experience.
GIC Re posts $268.3m net profit for FY2021
Gross premiums during that period fell 7.1%.
Bharti AXA Life's total premium income inch up 4.3% in FY2021
Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.
Policybazaar aims to launch 100 retail stores across India
Through the stores, clients can lodge queries or service requests.
India's RenewBuy pool $45m in Series C funding
It will use the investment to compete with PolicyBazaar.
India issues indemnity guidelines for insurance intermediaries
Policies issued will cover damages resulting from breaches of duty.
India's Policybazaar granted insurance broking licence
It will now surrender its web aggregator licence.
Indian non-lifers post strong growth in May despite pandemic
Premium growth was driven by the low base effect plus growth in the health segment.
Indian general insurers expect single-digit premium growth in FY2022: report
It is expected to post a 3-4.5% marginaL ROE due to investment income.
India's Star Health raises $164m in pre-IPO funding
Singapore's GIC led the funding, investing $182m (INR6b).
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Indian insurtech Plum raises $15.6m in funding round
The funds will be used to scale engineering, business and operation teams.
India's Star Health to raise $275m for IPO
It will be the fourth private insurer to list on Indian stock exchanges.
India releases final rules on higher FDI for insurers
At least 50% of annual net profit must be maintained as general reserve.
India's Acko seeking funds for unicorn status
The startup is looking to raise about $200m.
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