India

japans-insurance-industry-to-top-us400bn-in-2029-globaldata

APAC cedents capitalise on softening market at April renewals

April 7 2025

Carriers secured favourable reinsurance terms amid strong competition and abundant capital, though rising catastrophe losses could limit future rate reductions.

lic-rejects-ustrs-claims-of-uneven-playing-find-in-indias-insurance-industry

LIC rejects USTR's claims of uneven playing field in India's insurance industry

April 7 2025

The USTR report says government (re)insurers have an unfair market advantage.

irdai-moves-to-overhaul-fraud-oversight-following-insurer-data-breaches

IRDAI mandates 6-hour cyber incident reporting for insurers and intermediaries

April 1 2025

The directive reduces the previous 24-hour reporting window.

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

Peak Re to establish new branch in India’s GIFT City

March 31 2025

The branch will be led by reinsurer's Head of India, Sudhir Salian.

ifsca-establishes-standing-committee-to-bolster-gift-ifscs-insurance-ambitions

IFSCA forms standing committee to boost insurance presence in India's GIFT City

March 28 2025

Panel includes former heads of major Indian insurers and senior execs from global reinsurance and consulting firms.

lic-to-acquire-40-49-stake-in-manipalcigna-valuing-the-insurer-at-inr35bn-report

LIC set to acquire 40-49% stake in ManipalCigna: Report

March 27 2025

Reported deal would value the health insurer at around at INR35bn rupees (US$408m).

Lockton names Neelam Singh Koyande Director of Transactional Lines for India

March 21 2025

Koyande moved from Aon and brings a decade of transaction liability experience.

allianz-and-jio-financial-reach-initial-agreement-to-form-indian-joint-venture-report

Allianz and Jio Financial reach initial agreement to form joint venture in India: Report

March 21 2025

Sources tell Bloomberg a preliminary deal for a health and general insurance JV has been reached.

Prudential and HCL Group to form health insurance joint venture in India

March 20 2025

Prudential plc to hold a 70% stake and Vama Sundari Investments the remaining 30% of new JV company.

IIHL completes Reliance Capital acquisition, plans to list insurance units: Report

March 19 2025

IIHL plans to list Reliance General Insurance and Reliance Nippon Life Insurance, within two to three years.

allianz-asia-pacific-reports-33-growth-in-operating-profit

Allianz in talks with Jio Financial after Bajaj exit: Report

March 19 2025

The company is reportedly aiming for a minimum 50% stake in any new venture.

LIC eyes ‘substantial stake’ in health insurer, decision expected by March-end

March 19 2025

Move could reshape the competitive landscape of India's health insurance market.

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