India
Niva Bupa Health in talks of IPO
Niva Bupa Health in talks of IPO
Rs625 crore of the net proceeds from the fresh issuance to boost the capital base.
Marsh India reports surge in cyber incidents in 2023
The mean cost to recover from ransomware attacks was estimated at $1.82m.
Indian bank launches new low-cost accident insurance
The coverage also has additional benefits such as free health consultations.
Zurich Insurance to boost India workforce by 40%
This is equivalent to 600 employees.
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.
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