India

Air India crash could trigger insurance claims of US$475m, says GIC Re chief: Report

June 17 2025

Global reinsurers will bear the majority of the insurance claims arising from the crash.

Air India flight AI171 crash to harden aviation reinsurance market: GlobalData

June 16 2025

Losses from the Air India crash may surpass the total annual aviation insurance premium in India.

everest-re-india-promotes-himanshu-gard-to-head-of-new-business-initiatives

Everest Re promotes Himanshu Garg to APAC Head of New Business Initiatives

June 16 2025

He takes on the expanded remit while keeping his role as Head of India.

air-india-flight-ai171-crashes-in-ahmedabad-with-242-on-board

Air India tragedy: IRDAI issues urgent directives, insurers ease documentation to fast-track settlements

June 16 2025

The incident, expected to be India’s largest ever aviation insurance payout, has triggered the creation of a joint claims cell and expedited claims processing.

singapore-reinsurance-corporation-secures-gift-city-reinsurance-licence

Sing Re secures GIFT City licence

June 14 2025

Entry into GIFT City follows recent moves by other international industry players.

Allianz Commercial India hires Nagalaxmi Shetty as Chief Compliance Officer

June 13 2025

Shetty moves from Anand Rathi Insurance Brokers to take on the new role.

Air India flight crashes with 242 on board; early insurance loss estimates at US$120m-US$150m

June 12 2025

Tata AIG-led insurance consortium and global reinsurers face significant claims after Air India flight AI171 crashed, leaving only one survivor.

SBI General promotes Mohd. Arif Khan to Deputy CEO

June 12 2025

Khan has been with the business for 25 years.

India's LIC promotes Ramakrishnan Chander to Chief Investment Officer

June 11 2025

Chander recently held the role of Executive Director of the Strategic Business Unit for International Operations.

dai-ichi-life-capgemini-to-establish-global-capability-centre-in-india

Dai-ichi Life launches global tech centre in India

June 10 2025

Partnership with Capgemini will support insurer's technology and digital strategies.

report-indias-transport-ministry-considering-tp-premium-increase-following-regulators-proposal

India considering 18% hike for third party motor premiums: Report

June 9 2025

IRDAI has recommended an average of an 18% increase amid high loss ratios and rising claim costs.

wtw-group-hires-amarpal-singh-as-north-amp-cyber-leader

Willis India hires Amarpal Singh as North & Cyber Leader

June 6 2025

He joins after over a decade at Marsh India.

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