Phoenix Mills becomes the first Indian company to secure parametric trigger-based insurance to protect against pandemic- or epidemic-related business interruption losses.
The Indian reinsurer’s return on equity rose to 9.2% in FY 2025 on stronger investment income, but elevated COR kept underwriting performance in the red.
The general insurance sector recorded a 13.2% year-on-year increase in premiums for September, driven predominantly by a 294% surge at the Agriculture Insurance Company of India.
