India
Global cyber insurance market to hit $97.3b by 2032
Global cyber insurance market to hit $97.3b by 2032
This is driven by the rising complexity and frequency of cyberattacks.
Zopper bags $25m in Series D funding
The company has partnered with 40 insurers and over 2,500 ecosystem players.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
Changes to India's LIC Act takes effect
This is seen as a major step towards LIC's proposed IPO.
India's Digit Insurance secures $200m in latest funding round
The investment will result in a 5% dilution of the firm's equity.
India's life sector projected to hit $98.5b in GWP by 2024
Catalysts include favourable demographic factors and economic recovery expected over H2 2021.
Indian life insurers' new business premiums inch 7% in FY2020-21
Private insurers grew 8% in individual business, whilst group business saw a 20% growth.
What to expect from India's health insurers amidst COVID-19 resurgence
The sector is already expected to hike its premium rates in response to claims experience.
GIC Re posts $268.3m net profit for FY2021
Gross premiums during that period fell 7.1%.
Bharti AXA Life's total premium income inch up 4.3% in FY2021
Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.
Policybazaar aims to launch 100 retail stores across India
Through the stores, clients can lodge queries or service requests.
India's RenewBuy pool $45m in Series C funding
It will use the investment to compete with PolicyBazaar.
India issues indemnity guidelines for insurance intermediaries
Policies issued will cover damages resulting from breaches of duty.
India's Policybazaar granted insurance broking licence
It will now surrender its web aggregator licence.
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