India
Air India crash raises pressure on global aviation reinsurers
Air India crash raises pressure on global aviation reinsurers
Claims from this single event could potentially exceed the entire annual premium.
Sing Re secures IFSCA nod to launch GIFT City reinsurance unit
Sing Re will offer treaty and facultative reinsurance solutions.
India life insurers post steady May growth despite policy volume drop
Annual Premium Equivalent by 14.4%.
Dai-ichi Life, Capgemini set up tech centre to support global IT
Dai-ichi Life aims to eventually bring operations in-house.
India’s insurance domestic investments grow 6.5% YoY in FY 2025
It was due to a slowdown in economic activity and vehicle sales.
Foreign reinsurers raise India market share to 49% in FY 2024
According to GlobalData, this share is expected to surpass 50% in 2025.
Rise of early-onset chronic illness press traditional insurance models
The median age for cardiology consultations has dropped to 33.
India’s insurance industry sees 32% to 34% annual growth
Over the past nine years, the industry has attracted nearly $6.5b in FDIs.
Index shows 47.75% premium surge in India post-COVID
Male Indian policyholders continue to pay 20.12% more than female buyers.
Unified Payments Interface drives one-third of insurance payments in India in FY 2025
The rise is most notable in investment-cum-insurance products.
India’s non-life insurance insurance sector grows 13.5% YoY in April
Growth during the month was supported by renewals.
New India Assurance’s net profit slips 13% on legacy balance provisions
The company retained its market leadership with a 12.6% share.
Indians prioritise insurance for protection against rising health costs
A third also reported buying more coverage to supplement their corporate health plans.
India’s motor insurance market to hit $21.5b by 2030
Passenger vehicle sales reached record levels last year, increasing 6% YoY.
Policybazaar expands health insurance access for global Indian families
Health insurance in India is at least 35% cheaper than in other countries.
9 in 10 Indian policyholders seek auto-replenish feature in health insurance
Yet, 32% are still unaware of the details of their plans.
India's life insurers report 8.4% rise in premiums for April 2025
Growth in individual non-single premium policies declined by 13.6% YoY.
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AI isn’t replacing insurance, it’s finally making it work