India
India gains global interest from Zurich acquisition
India's financial services sector remains significantly underpenetrated.
GST Council reviews reinsurance, co-insurance tax status
An 18% tax is usually levied on any supply of service.
ISF co-funds parametric solution for remote Indian state
Nagaland faces high levels of disaster and climate-related impacts.
New IRDAI rules enhance grievance redressal
It also aims for a “zero grievances” status.
India’s non-life sector bags double-digit growth
It saw its premiums surge 14.9% in May.
Only 31% of Indian seniors insured for health
Unfortunately, 16% had applied for coverage but were denied.
Zurich Insurance bags majority stake in Kotak Mahindra General Insurance
Total consideration for the acquisition amounts to $670m.
IRDAI greenlights Paytm Insurance withdrawal
It will focus on the health, life, motor, shop and gadgets segment.
Indian life insurance market expands 12% YoY in May
The overall medium-term outlook remains positive.
IRDAI unveils major life insurance reforms
Key changes focus on clarity, alternative options, and reinforced governance.
RBI approves Zurich's 70% stake in Kotak Bank’s insurance arm
The acquisition is worth Rs5,560 crore.
Insurers to expedite claims, IRDAI mandates senior liaisons
Insurers are advised to publicise contact details of liasons for better assistance.
India repeals 55 health insurance documents
On a good note, policyholders gain more product choices.
Paytm withdraws application for general insurance licence
Its decision will save the company INR950 crores.
India’s non-life sector could see 15% growth in the medium-term
This would be driven by India’s GDP and disposable income levels.
India's life insurance market to grow 10% annually
The industry is projected to reach $216.1b by 2028.
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