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Friday, October 2, 2026
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India
Indian regulator introduces general insurance reforms
June 12 2024
Stricter claim rejections, flexible policy durations, and 'pay as you drive' motor options outlined in new master circular from the IRDAI.
Government and insurtechs help to propel Indian agriculture insurance solutions
June 10 2024
Experts at ICT Asia highlight India's initiatives to enhance agricultural insurance through AI-driven data solutions.
Bima Sugam, India's electronic marketplace, set for April 2025 launch - reports
June 8 2024
First phase set to launch April, according to comments from IRDAI Chairman Debasish Panda.
RBI greenlights Zurich's 70% stake acquisition of Kotak General
June 6 2024
55.6bn rupees (US$667m) acquisition from Kotak Mahindra Bank, initially announced in November, and now set to be completed in a single tranche.
LIC eyeing entry into health insurance market
May 28 2024
Amid the potential for composite insurance licences, LIC is considering acquisitions to enter the health insurance market.
Indian insurtech CoverSure raises US$4m in Pre-Series A round
May 28 2024
Funds to be used to further develop platform, with insurtech eyeing data-driven approach before approach to potential expansion within India.
India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn
May 28 2024
RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).
India's Paytm withdraws GI licence application to focus on distribution
May 27 2024
Paytm redirects efforts to insurance broking, aiming to expand reach among consumers, small merchants and SMEs.
Gallagher Re India strengthens Agriculture team with two new hires
May 27 2024
Naveen Sharma (pictured left) and Cherukumalli Kiroj Kumar (pictured right) join Gallagher Re in India.
Indian Premier League insurance claims surge due to rain and injuries - report
May 23 2024
Insurers facing claims up to 1.5bn rupees (US$18m) for cricket tournament, with largest spike in five years likely to lead to rate hikes next year.
Diot-Siaci to acquire majority stake in Indian speciality (re)insurance broker Unilight
May 22 2024
French broker to strengthen position in Asia through stake acquisition.
SBI General forms non-life bancassurance partnership with Jana Small Finance Bank
May 22 2024
Partnership will provide bank's individual and commercial clients with access to a wide range of general insurance products.
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