IRDAI

Urban highway in India with city skyline and ongoing construction at dusk.

S&P flags profitability, solvency concerns amid India's promising insurance growth trajectory

August 7 2026

Aggressive pricing and weak solvency among several state-owned insurers could test India's insurance growth story despite favourable regulatory reforms, S&P says.

Map of Assam with flood-affected areas highlighted, related to IRDAI flood claims directive.

IRDAI directs insurers to fast-track Assam flood claims

August 6 2026

The floods have affected over 650,000 people and 810 villages across the Indian state, as of 25 July.

Traffic jam in India with cars and motorcycles on a busy road.

India Supreme Court extends third-party motor cover for new vehicles

August 5 2026

The Supreme Court dismissed industry concerns over higher costs, citing 165 million uninsured vehicles on Indian roads.

Aerial view of a city with a prominent cable-stayed bridge over a wide river lake surrounded by buildings and green spaces, taken from above the skyline.

Bajaj Finserv wins board approval to enter India's reinsurance market

August 3 2026

The proposal comes as private-sector interest in India's reinsurance market gathers pace following recent regulatory reforms.

Aerial view of a farm with evenly spaced green crop rows and a circular portrait of a man wearing glasses centered over the field.

India’s crop (re)insurance underwriting enters risk-driven era with loss volatility in focus

August 3 2026

Advantage is shifting from insurers competing on price to those combining agricultural expertise, analytics and flexible capital, says Swiss Re's Chandan Verma.

Two large cooling towers rise beside a body of water, with trees and a clear blue sky in the background.

State insurers secure NPCIL nuclear cover programme at steep discount — report

July 31 2026

The sharply discounted bids come weeks after the IRDAI warned non-life insurers that aggressive pricing could erode underwriting discipline.

Night aerial view of a modern city with illuminated streets and high-rise residential blocks on both sides of a main road at night.

ProTec General gets IRDAI licence; regulator rolls out governance, policyholder reforms

July 30 2026

The reforms are aimed at easing operational rules for insurers and improving accountability in insurance sales.

Red stamp impression reading 'ACQUISITION' on white paper beside a wooden-handled rubber stamp.

Patanjali, DS Group secure IRDAI nod for US$470m Magma General Insurance takeover

July 30 2026

Patanjali is set to acquire a 73.56% stake in the insurer, while DS Group will hold 24.50%.

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

Indian insurers await motor TP rate revision after four-year freeze

July 29 2026

IRDAI's chairman said any revision will likely follow claims experience and loss ratios by vehicle segment, rather than an across-the-board hike.

Hand holding a smartphone with floating KYC and banking icons above the screen on a desk setup.

India to launch shared KYC framework for insurers and banks — report

July 28 2026

The framework aims to simplify customer onboarding and reduce repetitive KYC requirements across the insurance and banking sectors.

Crowded railway platform with hundreds of commuters walking beside a stationary train under a shelter on a busy station.

Group schemes drive India's 16.6% life insurance premium growth in Q1 FY2027

July 28 2026

Private insurers grew 27.5% even as policy issuance lagged premium growth.

Sign reading 'Council for Insurance Ombudsmen' on a marble wall, third-floor designation in multiple languages.

IRDAI tells insurers to speed up responses to Ombudsman complaints

July 27 2026

Delayed and piecemeal submissions by insurers have been slowing Ombudsman investigations, the regulator said.

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