India
Indian regulator issues rules on insurance ads
Indian regulator issues rules on insurance ads
Insurers are required to file a copy of an ad within seven days of release.
Indian non-life GWPs jump 5.2% in FY2021
General insurers' premiums grew to $22.6b.
Indian insurers can now invest in fund of funds
But they can not invest into policyholder funds outside India.
India drafts rules for insurers offering trade credit insurance
A policy can grant an indemnity of up to 60% of trade receivables.
Online insurance platform Policybazaar planning $500m IPO
It is seeking a listing before end-2021.
Indian health insurance plans constant in Q1: report
The average price for an insured sum hit $283 and $371.
Indian lawmakers approve higher FDI for insurers
It will expand insurance penetration and boost valuation of insurers.
Indian regulator urges insurers to be more transparent
There should be systems for policyholders to track their claims.
Indian health insurers barred from raising premiums whilst upgrading plans
Insurers can still make minor modifications.
Indian cabinet OKs higher FDI limit for insurers
The revisions will now be introduced to Parliament.
Indian insurtech Turtlemint raises $46m in funding round
It will use the money to expand its distribution reach.
India mulls hiking LIC's authorised capital ahead of IPO
The life insurer's paid-up capital is currently at $1.4b.
India mulls capping banks' ownership stakes in insurers
It suggests that the central bank is looking for uniformity in ownership rules.
Indian insurers, paytech partnerships bring wider distribution
Insurers that have done so will reach a bigger client base with less cost.
India's budget proposals could help insurers woo foreign capital
A capital influx could allow the sector to develop distribution networks.
Indian life insurers record fourth straight growth in October
First-year premiums jumped 31.9% to $3.07b.
Insurtech firm Cover Genius extends pet insurance to India
It will partner with Indian online pet supplier PetPal.
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Industry experts push for the rapid progress of unified customer data as a starting point.
