India
India considers raising insurance FDI cap to 100%
India considers raising insurance FDI cap to 100%
Despite many industries open to FDI, the insurance sector remains partially restricted.
India’s general insurance sector slated to expand 11.2% in 2024
Motor insurance is anticipated to account for 31.1% of GWP.
Max Life's profit jumps 46% YoY in Q1 FY25
Embedded Value also grew by 30% YoY.
Life Insurance Corporation of India eyes ~3% growth in new business margin
It also announced plans to acquire a majority stake in standalone health insurance.
SBI General Insurance, HSBC seal bancassurance partnership
The bank will offer SBI General Insurance’s entire non-life offerings.
TATA AIG stresses political risk insurance needs
Rising costs hit Indian exporters amid global crises
InsuranceDekho bags composite broking license
It plans to start its reinsurance businesses.
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
Its combined ratio increased to 111.82%.
60% of Indian policyholders caught in subscription traps
The Central Consumer Protection Authority (CCPA) identified 13 types of dark patterns.
India considers major reforms to 1938 Insurance Act
The bill amendments could potentially let insurers enter the banking industry.
India’s life insurance industry sees 20.2% YoY APE growth in June
CareEdge foresees medium-term outlook to remain positive.
IndiaFirst Life appoints new leaders for expansion
Both are president & chief distribution officer for two different divisions.
Crop insurance dwindles in FY 2024, top 4 insurance cut exposure
Gross direct premium underwritten by insurers fell 4.2%.
India's resilience efforts face daunting climate risks
FM Global’s index exposes India's regional vulnerabilities.
India eyes FDI cap overhaul for insurers
FDI cap for general or life insurance companies is at 74%.
India’s pushes for reintroduction of tax exemptions
Tax benefits currently exist for health and life insurance premiums, albeit capped and complex.
India's M&A insurance market sees competitive shift
Value of deals surged by 60% to $20b in Q1 2024.
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