India
Indian life insurance industry to reach $170b in four years: Global Data
Indian life insurance industry to reach $170b in four years: Global Data
This will be bolstered by favourable regulatory policies and more.
Howden India appoints Amit Agarwal as CEO
Howden India said it desires to become a leading broker in one of the world's fastest-growing insurance markets by 2026.
Reliance General Insurance receives capital from parent company
This will be achieved through the issuance of equity shares on a private placement basis.
Chubb plans 49% stake in Kotak General Insurance
Kotak General Insurance was deemed a favoured candidate compared to Zurich Insurance Group.
Badhan Financial to purchase Aegon Life Insurance
This move will mark BFHL's entry into the life insurance sector in India.
Indian authorities urge insurers to mobilise resources due to floods
Recent floods are expected to drive property loss and infrastructure costs.
Non-life insurance premiums in India up 14.8% in June
The sector is expected to grow by 13% to 15%.
India's competition entity approves HDFC’s request to increase shareholding in HDFC Life, Ergo
HDFC increased its shareholding in the two entities to more than 50%.
India’s non-life insurance premiums expand slower in May
Indian non-life insurance market is projected to grow by approximately 13-15% in the medium term.
India’s life insurance premiums down in April
The industry’s performance was dragged by the state-owned Life Insurance Corporation of India.
InsuranceDekho building one-stop-shop to solve India’s fragmented insurance ecosystem
The insurtech firm secured $150m in Series A funding round
India’s General Insurance Council to punish overcharging hospitals
Punishment ranges from warnings to permanent blacklists.
India life insurance ownership in urban areas at 73%
Urban Indian investors were attracted to more diverse life insurance products.
Marsh McLennan India names Sanjay Kedia as new CEO
Sanjay Kedia will start in his new title beginning 1 April 2023.
India’s non-life insurance premiums jump 20% in February
The growth was attributed to the increase in health and motor segments.
95% of companies in India do not offer term life insurance to employees
Less than 5% of them provide comprehensive insurance and benefits.
India's first-year premiums drop 16.8% YoY in February
CareEdge Ratings attribute the decrease to the YoY decline in group premiums.
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