Lower volumes in key non-life classes weighed on premiums, while stronger claims performance and lower reserve provisioning boosted the reinsurer's underwriting profit.
The deal forms part of Prudential's broader India strategy, alongside its health insurance venture and minority holdings in ICICI Prudential businesses.
Group says it aims to build a larger, technology-driven life insurer focused on profitability, operational efficiency and ageing-related insurance demand.
The insurer's new global data centre head will oversee the development of integrated underwriting, risk engineering and claims solutions for the sector.
The platform offers pre-agreed underwriting and claims frameworks and a 10% premium discount, and is open only to Aon clients in the US, Canada, the UK, Europe and Asia.
