India
India’s life sector relaxes in January, YTD
India’s life sector relaxes in January, YTD
Private insurers maintained growth but at a slower pace compared to last year.
IRDAI overhauls regulations for Indian insurers, prioritising business ease
A committee has been placed to form recommendations to the IRDAI.
Lockton enters Indian market, appoints country CEO
Dr. Sandeep Dadia will be the country CEO.
India set for expansion in 2023, premiums to swell in the next 10 years
Despite an upward forecast, the sector still faces an average of $8b annual economic loss from natcat.
India's life insurance sector slows in FY24 after a robust FY23
Policy purchases in March 2023 ahead of budgetary changes subdued FY24.
IRDAI grants operating license to new insurer, breaks 5-year grap since last entrant
Notably, this is the fifth registration granted by the IRDAI across the industry in approximately the last year.
United India Insurance eyes retail cybersecurity insurance: Report
The policies will offer insurance coverage to refurbish or replace the affected gadgets and expenses towards retrieving data.
India's non-life industry slows down in November
The slow expansion was attributed to sluggish performance in health and motor third-party insurance, along with a decline in crop insurance.
Indian lawmakers initiate talks with financial sector starting January: Report
The agenda also includes a meeting with the Insurance Regulatory and Development Authority of India and four major insurance companies on 2 January.
India’s life insurance sector sinks 12.7% 11M’23
Policies and schemes were tallied at 15.9 billion
India’s first-year life insurance premiums dip 25.3%
CareEdge forecasts the industry to have a positive growth trajectory in the long-term.
Cover Genius enters partnership, offers ‘cancel for any reason’ travel coverage
Travellers can now safeguard every aspect of their journey, from illness to public transport disruptions and extreme weather.
India’s non-life segment finds footing: AM Best
It may still face challenges in underwriting, pricing, and high reinsurance costs.
India’s non-life insurance industry posts slower growth for October
Year-to-date, a double-digit growth is recorded driven by health and motor.
IRDAI issues regulations for insurers’ ease of doing business
It targets to move towards a principles-based regime.
GIC Re posts higher premium income in 1H23
However, its underwriting loss increased.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
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