India
India’s LIC cuts first-year commission to 20%
India’s LIC cuts first-year commission to 20%
This adjustment brings the total first-year commission down from 35% to 28%.
India's non-life insurance sector dips 6.53% YoY in September
Year-to-date, the sector rose by 7.02%.
Canara HSBC targets family security with new insurance plan
The plan comes in two variants.
GIC Re maintains strong capitalisation in FY 2024
In FY 2024, the company reported a consolidated ROE of 9.5%.
Indian health insurance sector slated for 12.8% CAGR by 2028
The industry is also forecast to grow by 15% in 2024.
India launches pension system for all ages, infancy to 70
NPS Vatsalya allows accounts to be opened for children.
Gen Zs, Millennials drive 85% of total insurance sales
Gen Z and Millennial advisors conduct most of their business online.
Mumbai broker expands in Dubai
The division will serve as a regional hub for MENA markets.
Public insurers lag behind private in Indian market
Health and motor insurance were key growth drivers for private insurers.
India eyes turnaround plan for public insurers
The upcoming Ind AS 117 is expected to recalibrate solvency ratios.
Allianz Commercial India appoints new head of cyber security
She has more than a decade's worth of experience.
ECGC’s risk-adjusted capitalistation at strongest level in medium-term
As a monoline credit insurer, it insures about 40% of total export credit by banks.
Indians regret delaying term insurance start
Only 11% review their coverage annually.
Sunshine Capital dives into insurance broking
This move aims to capitalise on the anticipated growth in India's insurance sector.
India's life insurance APE growth slows to 10.5% in August
LIC's performance in 5M FY 2025 outpaced its private sector peers
India approves health coverage for seniors aged 70 and above under AB PM-JAY
Eligible citizens will receive $6k (₹5 lakh) free health insurance coverage per year.
India gov’t to sell 6.8% stake in General Insurance Corp
The stake will be sold at a floor price of INR395 per share.
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