India
Zurich Kotak General Insurance reveals two new appointments
Zurich Kotak General Insurance reveals two new appointments
Both appointments will focus on the company’s Commercial Insurance unit.
Shriram General wins ₹28.6m claim case with fraud ruling in Rajasthan
The case involved a Toyota Fortuner insured by SGIC.
India’s non-life premiums rise 6.5% YoY in May
CareEdge expects standalone health insurers (SAHIs) to continue leading in the retail.
LIC fast-tracks claim payouts for Air India Flight 171 victims
The insurer has introduced concessions to ease the claims process.
IRDAI directs insurers to expedite Air India Flight 171 claims
Settlement is to be made directly to nominees listed in policies.
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.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness