India
Aviva acquires majority stake in India life venture
This is the second local life insurance venture with 74% foreign ownership.
Aviva acquires majority stake in India life venture
This is the second local life insurance venture with 74% foreign ownership.
India’s general insurance industry growth rate sluggish in August
Private insurers outpacing public peers continues to be a growing trend.
Almost 7 in 10 in India say health insurance policies are too difficult to understand
60% of patients put off going to the doctor because of a lack of health cover.
Indian regulator proposes 20% ceiling for insurance agents’ commissions
The proposal will also require insurers to have a board-approved policy on commissions.
Digit Insurance files for IPO
The insurer plans to raise more than $160m
Policybazaar IT system suffers breach
However, the firm said that no significant customer data was exposed.
Indian insurers profited nearly $5b in government crop insurance scheme
The scheme was launched in 2016.
India’s non-life insurance industry skyrockets by 20.7% in June
The year-on-year growth totaled $2.22b
India’s life insurance industry experiencing post pandemic growth: analyst
It is set to grow to $150.6b in 2026.
India poised to be 6th largest insurance market in the world by 2032
It is currently 10th amongst the top 20 markets in the world.
Cheaper insurance as IRDAI greenlits tech-enabled cover for motor
This will enable Indian insurers to offer analytics-based policies.
Indian human rights group seeks mandatory insurance for truck drivers
They are seeking a cover of $18.9k for every truck driver, co-driver, and helper.
India’s recently cancelled cricket match triggers $5.75m in insurance claims
The cancellation of the recent match triggered several claims.
India could soon allow customers to take out loans to buy insurance
The regulator is currently studying a proposal for premium financing.
India extends ‘Use and File’ system
This allows insurers to market products whilst waiting for regulator approval.
India general insurance industry doubles growth rate in 2022
From 5% in 2021, it is forecasted to grow by 10.2% by end 2022.
LIC net profits surges by 39.4% in full-year 2021
This is despite a fall of 18% in profits in the fourth quarter.
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Indonesia enters era of digital insurance distribution
![Indonesia enters era of digital insurance distribution]()
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
