India Insurance – (Re)in Asia

Features and key stories

Gavel resting on a black law book with the Indian flag beside it on a wooden desk, symbolizing Indian law and justice.

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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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.

Allianz, Jio ink deal to form 50:50 India primary insurance joint venture for general, health lines

The agreement follows the launch of the Allianz Jio Re, with the firms also looking to pursue a separate life insurance venture.

India approves US$1.4bn Bharat Maritime Insurance Pool

Sovereign-backed scheme aims to cut reliance on foreign insurers and build domestic marine underwriting expertise.

India GI premiums rise 9.3% in FY2025-26 as Care Health posts fastest growth among major insurers

Premiums reached ₹3.36t across the April–March fiscal year, with stand-alone health insurers extending their growth run and Care Health crossing ₹100bn after a 20.9% annual increase.

India GI growth holds steady in February as aviation, health, and PA outperform

Aviation led gains as geopolitical tensions pushed up war-risk pricing, while personal accident and health helped offset weakness in fire and misc.

Autonomous vehicles drive APAC insurers toward new liability era as robotaxis ramp up

Robotaxis are giving commercial shape to APAC’s broader AV market, but insurers remain constrained by limited data, fragmented regulation, and unresolved liability questions.

Private insurers extend lead over public peers in India GI February results

Premiums rose 9.7% year on year to ₹238.5bn, as private insurers largely posted double-digit growth while public-sector peers remained broadly flat.

New MGA regime flagged as last-mile growth lever for India’s insurance market

Newly recognised MGAs can bind policies and underwrite risks locally, offering a faster route to regional and niche product growth in India.