India

Barriers to overseas risk placement hinders APAC market development

April 24 2024

Too many barriers still exist for cross-border reinsurance – and things could get worse.

irdai-removes-age-limit-as-part-of-series-of-health-insurance-changes

IRDAI lifts age restriction as part of series of health insurance reforms

April 21 2024

Individuals 65 and older can now acquire health insurance, as IRDAI broadens coverage inclusivity and reduces waiting periods for pre-existing conditions.

indian-government-mulling-stake-sales-in-gic-re-and-lic-report

Indian government mulling GIC Re and LIC stake sales - report

April 21 2024

Indian government considers divesting up to 10% in GIC Re and a phased sale of LIC.

gst-council-review-gst-exemption-for-reinsurance-post-elections-report

India's GST Council to consider reinsurance GST exemption after elections - report

April 17 2024

GST fitment committee proposes that reinsurance be exempt from 18% GST rate, with Council likely to discuss the issue from late June.

Markel strengthens Indian market presence with appointment of Priyanka Gautama as CUO

April 16 2024

Gautama is tasked with strengthening Markel's offering in the country, including the development of a new casualty portfolio.

Lockton India targets complex risks to fill capacity gaps

April 16 2024

Newly-appointed country CEO Sandeep Dadia seeks to turn the broker into the best – and biggest – in the market

Aon appoints Shailendra Sapra as CEO of Reinsurance Solutions in India

April 15 2024

Sapra to be promoted from current role as Aon's Agriculture Leader for APAC and will commence his new position on 1 June.

fitch-revises-outlook-on-six-chinese-insurers-to-negative

Fitch revises outlook for six Chinese insurers to negative

April 15 2024

Move follows Fitch's China sovereign IDR outlook adjustment on 9 April.

Indian insurtech ClaimBuddy secures US$5m in Series A Funding

April 15 2024

ClaimBuddy raises US$5m, as it looks to expand the reach of its healthcare claim platform,

nippon-life-insurance-sets-sights-on-india-approval-of-new-numbai-subsidiary

Nippon Life sets sights on India with approval of new Mumbai subsidiary

April 12 2024

Expansion in India aligns with group's ambitions to strengthen overseas operations.

tech-and-product-innovation-fuels-private-insurers-rise-in-indian-motor-segment-globaldata

Tech and product innovation fueling private insurers' rise in Indian motor segment

April 8 2024

India's motor insurance landscape seeing dynamic shift, says GlobalData.

allianz-partners-because-first-foreign-reinsurer-to-set-up-operations-in-indias-gift-city

Allianz Partners becomes first foreign reinsurer to operate in India's GIFT City

April 5 2024

Establishment of reinsurance branch in GIFT City aligns with the IRDAI's efforts to increase reinsurance capacity in the country.

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