Gross written premiums (GWP) in India's general insurance industry is expected to grow 13% y-o-y in FY2026, according to India Ratings. The article also indicated that this momentum is driven by value expansion, rather than new policyholder additions.
Willis has appointed Mr Anant Pawar as aviation and space leader for India. In his new role, he will deliver innovative aviation insurance broking expertise and solutions to Willis' clients across the country.
TATA AIG General Insurance has unveiled a new health insurance product, MediCare Select, as part of its ongoing expansion strategy in India's retail health segment.
Indians continue to severely underestimate the rising medical inflation and surging healthcare costs. Also, nearly 48% of health insurance policyholders in the country opt for coverage of INR5,00,000 ($5853) or even less according to a new survey by India's online insurance marketplace PolicyBazaar.com.
China and India are shifting towards meeting their growing electricity needs with clean energy. These are the two countries at the forefront of the drive to clean power and will help tip the balance towards a decline in fossil generation at a global level, according to the sixth annual "Global Electricity Review" published earlier this month by Ember, a UK-based global energy think tank.
India's non life insurance sector reported a 6.2% growth in gross direct premium, with health insurance being a major contributor.
Bajaj Allianz Life Insurance has introduced a new term insurance policy designed specifically for women, reflecting an effort to align its offerings with changing customer profiles and protection needs.
AI, especially GenAI is transforming the India's insurance industry and productivity gains have scored over 30% according to a new report.
Arundo Re has appointed Mr Kshitij Chirimar as senior underwriter for the Indian sub-continent.
A union of more than 15,000 pharmacists across India has requested the Indian insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI) to include pharmacists in the list of professionals eligible for professional indemnity insurance.