India

Nippon Life establishes new subsidiary in Mumbai

Nippon Life has been operating in India through life insurance and asset management businesses.

Allianz Partners establishes presence in GIFT City

It is the first foreign reinsurer to operate in the area.

Aon finishes acquisition of Global Insurance Brokers in India

Rishi Mehra, Aon's head for India, will chair GIB's board.

Cyberattacks, data breaches top business risks in India: survey

Business interruption stands as the second-highest risk whilst talent retention challenges rank third.

Life insurance sector for India remains subdued, February sparks 48.4% premiums 

Year-to-date, new business premiums of Indian life insurers narrowed their decline to 0.2%.

India's health insurance market to surpass US

The sector has the potential to grow 18% to 20% in the next two decades.

Working Indian women lead in life insurance ownership

The financial security of urban Indian women have gone up to 62% in 2024 from 57% in 2019.

Operating performance strong for ICICI Lombard: AM Best

Its underwriting results are offset by its reliance on investment income.

Rishi Mehra to lead Aon India

Mehra was previously Chief Financial Officer for Asia and Greater China.

India's regulator clears Digit Insurance for IPO launch: Report

Bankers are anticipating 2024 to be one of the country's biggest years for IPOs.

India’s life insurance premiums fall in January

In the nine months to January, 21.3 million were pencilled in.

New reinsurance guidelines spotlight Indian insurers' capital management

The IRDAI is actively considering introducing collaterals within the Indian insurance industry.

IRDAI modifies master circular on unclaimed amounts of policyholders

The IRDAI reminded insurers to make better efforts in terms of payment of dues.

India’s residents feel more financially secure in 2024

Insurance ownership increased to 31% from 30%.

India’s non-life sector driven by health, motor in January

Geopolitical tensions and elevated inflation could affect the sector in the medium term.

Gallagher India reveals new CEO

She held various positions in Gallagher since 2019.