The Insurance Authority has urged insurers and brokers to strengthen self-reporting and oversight after inspections found recurring governance and due diligence gaps.
Profitability is expected to edge higher over the next two years, as Hanwha Life targets a recovery in underwriting margins and leans on steadier earnings from overseas and non-insurance units.
The incorporation of Mahindra Manulife Insurance marks an early step in the companies push to address India’s protection gap with a digital-first model.
NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.
The initiative brings together regulators and industry executives across ASEAN to discuss longevity, AI adoption and resilience in the life insurance sector.
