India
India's Policybazaar granted insurance broking licence
India's Policybazaar granted insurance broking licence
It will now surrender its web aggregator licence.
Indian non-lifers post strong growth in May despite pandemic
Premium growth was driven by the low base effect plus growth in the health segment.
Indian general insurers expect single-digit premium growth in FY2022: report
It is expected to post a 3-4.5% marginaL ROE due to investment income.
India's Star Health raises $164m in pre-IPO funding
Singapore's GIC led the funding, investing $182m (INR6b).
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Indian insurtech Plum raises $15.6m in funding round
The funds will be used to scale engineering, business and operation teams.
India's Star Health to raise $275m for IPO
It will be the fourth private insurer to list on Indian stock exchanges.
India releases final rules on higher FDI for insurers
At least 50% of annual net profit must be maintained as general reserve.
India's Acko seeking funds for unicorn status
The startup is looking to raise about $200m.
India pushes product expansion in title insurance
A comprehensive cover for all promoters is recommended.
India's Choice Group floats insurance aggregator platform
ISMOS will offer life, health and general insurance plans.
Indian insurers at the cusp of transformation: retired IRDAI chairman
India's IT capabilities will accentuate the further growth of the sector.
Indian general insurers likely to hit $36.4b in 2025
The sector has a CAGR of 8.7% over FY2019-2024.
Indian insurers' lagging underwriting could hit long-term profits: report
Adequate earnings have not accompanied market growth.
Indian insurers can now invest in REITs, infrastructure trusts
This will boost the overall portfolio yield held by these firms.
India's LIC nets $24.4b in FY2021 new premiums
Its individual life business posted a first-year premium income of $7.5m.
Indian general insurers wary of growth outlook
The sector is still plagued by negative consumer sentiment, and there are concerns for the 2022 financial year.
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Industry experts push for the rapid progress of unified customer data as a starting point.
