Joanne Madrid is a reporter at (Re)in Asia, known for data features and analysis on how technology and climate are reshaping the region's insurance markets. Areas of specialty include insurtech and AI adoption, cyber and climate risk, and the premium and results data moving markets including India, Korea and Hong Kong.
Maduro's capture sets the stage for a potentially turbulent 2026, in which insures will juggle geopolitical shifts, technology-linked challenges, and new regulatory frameworks.
Direct premiums rose steadily across major lines, while claims growth remained restrained, and fire claims fell, supporting a modest improvement in the loss ratio.
All three segments—general, standalone health and specialised—rose at double-digit year-on-year rates, lifting total gross direct premiums to ₹269bn in November.
Industry-wide insurance service results jumped 27% YoY, supported by claims stabilisation and fast premium growth across cyber, mortgage, marine, aviation, and consumer credit.
