The Insurance Amendment Bill, which seeks to allow 100% foreign direct investment (FDI) in the insurance sector, is likely to be introduced in Parliament during the upcoming monsoon session, according to sources and news sites from India.
Demand for D&O insurance covers in India is growing at 25%-35% and is driven by greater board accountability, investor pressure and regulatory interventions. According to data collated and analysed by Policybazaar Business there is a clear shift from compliance-driven purchases to proactive risk management - boards now view D&O coverage as essential, not optional.
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.