India
Paytm withdraws application for general insurance licence
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.
India’s private insurers outperform with tech edge
The market share of the top 10 insurers fell to 71.2% last year.
IRDAI sets rural coverage mandates for insurers
Coverage providers must offer a minimum level of protection in villages.
India's life insurance APE grows 22% YoY in April
New business premiums surged by 61.2%.
52% of India’s health insurance policyholders indicate a premium increase
The industry’s premiums are expected to rise 10% to 15%.
GIC Re witnesses premium income fall in 9M’23
Its premium income fell to INR28,458.1 crore.
Firm advises Sanlam on increased stake in Shriram Insurance
It ploys to increase its share in Shriram’s life and general insurance business.
India’s terrorism risk pool pays high for 18 claims last year
Limit of Indemnity is capped at INR20b per risk/location.
Russian marine insurers secure India's approval: Report
The approval came after the Russian National Reinsurance Company provided financial guarantees.
IRDAI explores improved insurance distribution methods
Participants discussed industry readiness for transitioning to Risk-Based Supervision and Capital frameworks.
CareEdge forecasts 11% to 13% growth for India’s life insurers
Digital infrastructure is expected to enhance distribution channels.
India's life insurers' new business grows 2% YoY FY’24
29.2 million policies were sold during the year.
IRDAI removes age cap for health insurance: Report
Other improvements have also been made to India’s healthcare system.
ICICI Lombard's GDPI climbs 17.8% in FY’24
Its Q4’24 earnings were driven by motor and health segments.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
Thought Leadership Centre
Resource Center
Read Here
Advertise
Sign Up
Awards
Jul
08
Events
Event News
Highlighting its innovative approach to the ageing population, digital transformation, and international insurance market leadership.
