India
52% of India’s health insurance policyholders indicate a premium increase
The industry’s premiums are expected to rise 10% to 15%.
GIC Re witnesses premium income fall in 9M’23
Its premium income fell to INR28,458.1 crore.
Firm advises Sanlam on increased stake in Shriram Insurance
It ploys to increase its share in Shriram’s life and general insurance business.
India’s terrorism risk pool pays high for 18 claims last year
Limit of Indemnity is capped at INR20b per risk/location.
Russian marine insurers secure India's approval: Report
The approval came after the Russian National Reinsurance Company provided financial guarantees.
IRDAI explores improved insurance distribution methods
Participants discussed industry readiness for transitioning to Risk-Based Supervision and Capital frameworks.
CareEdge forecasts 11% to 13% growth for India’s life insurers
Digital infrastructure is expected to enhance distribution channels.
India's life insurers' new business grows 2% YoY FY’24
29.2 million policies were sold during the year.
IRDAI removes age cap for health insurance: Report
Other improvements have also been made to India’s healthcare system.
ICICI Lombard's GDPI climbs 17.8% in FY’24
Its Q4’24 earnings were driven by motor and health segments.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
Aon appoints new CEO for Reinsurance Solutions in India
Shailendra Sapra will be based in Mumbai.
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.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
