India
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
Zurich acquires 51% stake in Kotak Mahindra Bank's general insurance arm
The insurer said it plans to buy 19% more in the future.
India’s first-year premiums contraction eases in September
The month recorded a 15.5% drop, smaller than the 18.5% in August.
Bharti Group to purchase AXA’s stake in India joint venture: Report
It’s not yet clear if AXA is exiting the Indian insurance market.
IRDAI to improve insurance accessibility in 'every nook and corner' of India
The regulator wants to ensure that each area has a dedicated "vahak" to sell and service straightforward insurance products.
Allianz Trade names new India country manager
The insurer predicts that India will be Asia’s next growth engine.
Aon plans to acquire Indian-based brokerage firm
Global Insurance Brokers will transition to Aon's brand and operating model.
About nine in 10 Indian tourists think of buying travel insurance
Only 76% of respondents said they bought insurance for their most recent trip.
India sets open house for insurtechs, fintechs to collaborate
This will be held every 15th day of the month.
Two US entities and Fintech Blue Solutions to launch India-based insurer
It targets to sell life and retirement products to the Indian market.
India’s non-life premiums trip over bad crop insurance in August
The sector is seen to grow 13% to 15% in the medium term.
How InsurSaathi is fast-tracking onboarding of new agents in rural India
InsurSaathi comes with an in-built insurance training module, all done remotely.
India’s new business premium dips 18.5%
Its group single premium contraction offset individual premium growth.
Allianz Trade APAC promotes Imran Khan
His expertise ranges from trade credit insurance to the banking sector.
The majority of Indians are underinsured – Study
About three in 10 Indians believe that health insurance coverage starts on day one.
India imposes new tax exemption rule on policies amounting to more than INR500,00
This could negatively impact traditional insurance policies.
About nine in 10 elderly in India do not have health insurance plans
This is equivalent to 135 million elderly in India.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
