India

Sukhmeet Singh appointed as WTW's Head of Transformation and Integrated Solutions - India

May 14 2025

He will also co-lead the Technology, Media and Gaming Industry vertical for the International Work and Rewards business.

india-approves-three-more-russian-insurers-for-marine-pampi-cover-report

India approves three more Russian insurers for marine P&I cover: Report

May 14 2025

The country now authorises a total of eight Russian insurers to underwrite marine liabilities at its ports.

AXA XL continues India buildout with five appointments, including Saumitra Sharma as CUO

May 14 2025

Saurabh Bhootara also joined as Underwriter, Priya Manchanda as Claims Specialist, Vinod Kumar as Assistant Underwriter, and Akash Jain as Underwriting Assistant.

india-and-pakistan-tensions-unsettles-pv-market

PV insurance in the spotlight as India-Pakistan tensions simmer

May 13 2025

Despite new truce, an escalation could test wider market assumptions about conflict containment, pricing, and capacity.

insurers-contemplating-15-25-rise-in-marine-awrp-due-to-india-pakistan-tensions-sampp

Marine insurers consider 15-25% AWRP increase due to India, Pakistan tensions: S&P

May 12 2025

Recent escalation has also prompted a surge in war risk inquiries.

india-may-revive-merger-of-state-run-general-insurers-amid-push-for-sector-reform

India may revive merger of state-run general insurers: Report

May 9 2025

The merger would create the largest general insurer as state-run insurers face declining market share.

IFFCO-Tokio enters India’s surety bond market amid infrastructure push: Report

May 8 2025

Move comes as a regulatory task force aims to address adoption challenges in India's surety bond market.

IRDAI proposes fee-based bancassurance model, ending bank commissions: Report

May 7 2025

The regulator has also proposed allowing banks to partner with multiple insurers.

RBI equips India’s insurers with new bond hedging tool

May 6 2025

Insurers can now leverage bond forwards for more precise protection against interest rate volatility.

Indian insurers to push for removal of GIC Re’s 4% obligatory cession: Report

May 6 2025

In February, IRDAI confirmed the 4% obligatory cession rate would remain for FY2025–26.

indiafirst-life-becomes-first-life-insurer-to-start-gift-city-operations

Insurance Brokers Association of India launches chapter in GIFT City

May 1 2025

The move aims to expand the association's global insurance market presence.

Bajaj Group moves to buy out Allianz’s 26% stake in Indian insurance JV for US$2.9bn

April 30 2025

Bajaj Finserv seeks CCI approval to take full control of the general insurance and life entities.

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