India
India’s non-life insurance premiums expand slower in May
India’s non-life insurance premiums expand slower in May
Indian non-life insurance market is projected to grow by approximately 13-15% in the medium term.
India’s life insurance premiums down in April
The industry’s performance was dragged by the state-owned Life Insurance Corporation of India.
InsuranceDekho building one-stop-shop to solve India’s fragmented insurance ecosystem
The insurtech firm secured $150m in Series A funding round
India’s General Insurance Council to punish overcharging hospitals
Punishment ranges from warnings to permanent blacklists.
India life insurance ownership in urban areas at 73%
Urban Indian investors were attracted to more diverse life insurance products.
Marsh McLennan India names Sanjay Kedia as new CEO
Sanjay Kedia will start in his new title beginning 1 April 2023.
India’s non-life insurance premiums jump 20% in February
The growth was attributed to the increase in health and motor segments.
95% of companies in India do not offer term life insurance to employees
Less than 5% of them provide comprehensive insurance and benefits.
India's first-year premiums drop 16.8% YoY in February
CareEdge Ratings attribute the decrease to the YoY decline in group premiums.
InsuranceDekho clinches $150m in Series A funding round
It is considered the largest-ever Series A round by an Indian Insurtech company.
Why India will become the 6th biggest insurance market by 2032
Total insurance premiums is growing by 14% annually.
India non-life insurance premiums to grow nearly 15%
Health insurance to reach $12.22b in FY2024.
Aditya Birla Capital mulls sale of insurance brokerage arm
The insurance firm is seeking to restructure its financial services business.
Aditya Birla Capital, Nippon Life merger talks fail
The discussions broke down over disagreements on shareholding and governance rights.
IRDAI to push government to allow insurers to invest in unlisted companies
The move could unlock new funding avenues for startups in the country.
India life insurance first-year premiums bounces back at 15.3% in October
Premiums, however, fell compared to the month before.
India insurance regulator pushes easing of capital requirements
The regulator aims to let smaller players entry into the market.
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