India

Container ship at a busy port during sunset, with towering gantry cranes and stacked shipping containers on deck.

India's marine insurance pool cuts war-risk premiums by up to 48% amid self-reliance push

June 9 2026

With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework.

canara-hsbc-life-insurance-faces-us0-5m-gst-demand-over-input-tax-credit-claims

ICICI Prudential Life faces US$1.7m GST demand over FY2024 filings

June 8 2026

The latest tax demand adds to the insurer’s growing exposure, marking the fifth such order issued since February this year.

Calculator surrounded by banknotes and scattered coins with a jar of coins on the right, depicting budgeting or savings.

IRDAI hosts technical workshop to support Ind AS rollout

June 8 2026

Insurers have been urged to closely follow the monthly implementation roadmap and collaborate between finance and actuarial functions.

Facade of the United India building with tall columns and beige stone, banners on top, and a busy street with motorcycles and auto rickshaws in the foreground

LIC seeks more long-term investment instruments as annuity liabilities grow

June 8 2026

The insurer said it is engaging with IRDAI, RBI and SEBI as rising annuity inflows increase demand for long-duration assets.

Red toy car perched on top of stacked banknotes, illustrating auto financing or car costs.

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

June 8 2026

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.

Suresh Subramanium as Howden Executive Vice President Head Employee Benefits West

Suresh Subramanium to lead Howden's employee benefits business in western India

June 5 2026

He brings over 25 years of industry experience, previously working in business development and consulting roles.

asia-pacific-insurers-face-sharper-climate-driven-physical-risks-msci-study

WMO flags high risk of El Niño formation in coming months

June 4 2026

El Niño-linked weather shifts could drive higher claims and volatility across lines such as property, agriculture, and health.

ai-set-to-reshape-insurance-but-most-carriers-lag-on-readiness-am-best-survey

Indian IT firm Coforge rolls out tech platform targeting modernisation of insurance operations

June 4 2026

Nexa platform aims to streamline underwriting, claims, and product development through AI integration.

LIC eyes strategic investment in fintech to fuel digital expansion

June 4 2026

Following a robust FY2026, LIC moves to modernise its IT systems through targeted investments in fintech and insurtech players.

Former SEBI board member Ashwani Bhatia named chairman of Niva Bupa

June 4 2026

He succeeds Milind Barve, who has stepped down from the health insurer's board due to health reasons.

ICICI Prudential Life hit with US$535K GST demand over FY2023 discrepancies

June 3 2026

The life insurer plans to challenge the GST demand tied to alleged discrepancies in its filings.

Aon reinforces India hub strategy with Bengaluru capability centre expansion

June 3 2026

The broker operates capability centres in Bengaluru, Noida and Gurgaon supporting global operations, alongside client-facing offices in 17 cities across India.

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