India Insurance – (Re)in Asia

Features and key stories

GIFT City Q1 GWP doubles to US$419m on life and fire reinsurance surge

Sunset over the ghats of Varanasi along the Ganges, with boats on the water and a warm orange glow.

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Sunset over the Mumbai-Ahmedabad bullet train bridge in India.

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Blue Indian Railways locomotive leads a long freight train along a single-track through dry, rural fields at sunset with an orange sky.

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Indias general insurers open FY2026-27 with 83 premium growth in April

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GIFT City Q1 premiums rise almost tenfold to US$419m

Reinsurance continued to dominate business though gains were offset by declines in health, personal accident and motor.

India’s GI premium growth eases to 5.6% in July despite strong health, motor and marine gains

Health, motor and marine recorded double-digit gains, but sharp falls across fire, personal accident and miscellaneous weighed on overall growth

Asia's life insurers rethink products as surrender trends test customer retention

Policy surrenders have surpassed maturity payouts in India, while Korea has seen cancellations rise 62.7% in early 2026.

India’s crop (re)insurance underwriting enters risk-driven era with loss volatility in focus

Advantage is shifting from insurers competing on price to those combining agricultural expertise, analytics and flexible capital, says Swiss Re's Chandan Verma.

Group schemes drive India's 16.6% life insurance premium growth in Q1 FY2027

Private insurers grew 27.5% even as policy issuance lagged premium growth.

India, Malaysia drive biggest insurance deals as APAC activity cools in Q2

Against a broader regional slowdown, Southeast Asia stood out as the most active deal market.

India's GI premiums accelerate 16% in June as health, motor and PA expand

Health, motor and personal accident insurance powered the industry's fastest YoY growth of 2026, while fire premiums continued to decline for a sixth straight month.

India's GI premiums grow 9% in May as fire weakness persists

A fifth straight decline in fire premiums was offset by growth in health and motor, alongside sharp gains in aviation, marine and personal accident.

India’s first comprehensive MGA rulebook arrives in GIFT City

The dedicated framework allows MGAs to design products and run the policy lifecycle, but restricts them from entering reinsurance or syndicate structures.

India's health insurers power 8.7% May premium growth amid rising healthcare costs

Standalone health premiums surged 31.7%, outpacing the broader market as rising medical costs and expanding healthcare coverage continued to drive demand

GIFT City insurance GWP doubles in FY2026 as reinsurers expand fourfold

Health and personal accident drove premium growth, as (re)insurers overtook intermediaries as the main source of premiums transacted in the hub.

PE-backed insurer Kiwi General debuts in India with motor product, adviser-led strategy

Co-founded by former Tata AIG CEO Neelesh Garg, the Indian start-up is eyeing a broader product rollout, including commercial vehicle and group health offerings, in the coming months.

India life insurers’ new business premiums jump 39% in April, led by group business growth

India’s life insurers kicked off the financial year with strong growth, led by group business expansion that boosted both premium collections and overall coverage levels.

Australia and New Zealand lead APAC insurance M&A in Q1 as India activity slows

Cross-border expansion by global insurers underpinned Asia-Pacific insurance M&A in Q1 2026, with a rebound in Australia and New Zealand.

India GI premiums reach new heights as health, cargo and personal accident offset April fire slump

Several major lines helped contribute to record monthly premiums, cushioning a sharp pullback in fire, where coverage remains thin.

India's general insurers open FY2026-27 with 8.3% premium growth in April

Industry-wide premiums climbed to a record ₹364.18bn (US$3.82bn), supported by continued strong performances from Tata AIG and Care Health.

Prudential to acquire 75% stake in India’s Bharti Life for US$389m

The deal is expected to require Prudential to cut its stake in ICICI Prudential Life to below 10%.

India rolls out war risk cover under US$1.5bn Bharat Maritime Insurance Pool

Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.

India’s cyber insurance demand grows as DPDP Act reshapes underwriting focus

Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.

Aviation, personal accident continue to lead gains as India’s March GI premiums rise 8.4%

Aviation and personal accident posted another month of outsized gains, rising 78.9% and 27.6%, while miscellaneous and fire extended last month’s fall.

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25 September