1 Feb likely to reveal key insurance plans for upcoming fiscal year, including privatisation of a state-owned insurer and regulatory changes to boost foreign investment.
Rates, climate risks, and technology highlight a transformative year as Asian markets, notably China and India, draw global attention for (re)insurance growth.
GIC Re sees rating outlook upgraded to positive and a National Scale Rating designation of 'aaa.IN' (Exceptional), reflecting enhanced financial stability and enterprise risk management.
GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.
IndiaFirst Life Insurance sets its sights on global outreach by registering with GIFT City's International Financial Services Centre, amid plans for an upcoming IPO.
The regulator is aiming to study and propose improvements for the channel, as one of ' reaching the last mile' and making insurance products available to 'every nook and corner' of the country.
