India
India could soon allow customers to take out loans to buy insurance
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.
India jacks up third-party motor insurance premiums
The increase takes effect on 1 June.
Howden gets regulator nod to acquire 100% of India business
India’s government allows 100% foreign ownership of insurance intermediaries.
India’s Digit Insurance eyes $500m IPO
It plans to file the necessary papers by September.
Indian insurers forbidden from advertising services not part of cover
The regulator said this is ‘unacceptable’.
Paytm launches joint venture general insurance firm
This comes after its initial intent to purchase a non-life business fell through.
India life insurers received $2.17b in COVID-19 claims
Data revealed that death claims rose dramatically in 2021.
India health insurance premiums jumps 25% amidst pandemic
The hike was attributed to the second wave of COVID-19 infections.
Fishery experts recommends climate insurance for Indian fishermen
This could help mitigate risk following natural calamities.
Swiss Re launches second innovation hub in India
It is set to launch in Hyderabad in September
More Indians eager to buy insurance on the rise: survey
The survey aims to identify behavioural shifts in insurance buying trends.
LIC closes IPO with nearly three-fold oversubscription
The IPO of a 3.5% stake is now India’s biggest.
Generali buys 25% stake in Indian insurance JV from embattled Future Group
The transaction valued $165.21m.
India’s LIC IPO subscribed 67% on first day
The $2.7b IPO is India’s biggest public issue.
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Industry experts push for the rapid progress of unified customer data as a starting point.
