As the traditional Indian joint family structure shifts toward nuclear families and urban migration, two key groups are shaping the country's changing retirement mindset, according to a new study.
Insurance and reinsurance professional Minesh Jani is set to join Gallagher Reinsurance India (AJG India) as CEO.
Finance Minister Nirmala Sitharaman yesterday delivered the Union Budget for the fiscal year beginning on 1 April which contains several proposed measures that will have an impact on the insurance sector.
India's Union Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman, yesterday presented the Union Budget for the financial year 2026-2027 in Parliament. Reacting to Mrs Sitharaman's nearly 90-minute-long Budget speech, the Indian insurance industry describes it as one that lays out the government's economic roadmap anchored in growth, investment and fiscal stability.
Korean Reinsurance Company (Korean Re) has formally established its India Branch in Gujarat International Finance Tec-City (GIFT City), India's international financial services hub. The company announced in a press release that it held an opening ceremony on 20 January 2026.
The Indian financial authorities aim to advance the insurance-linked securities (ILS) and catastrophe bond framework within India, specifically through the GIFT-IFSC jurisdiction.
Abu Dhabi National Insurance Company (ADNIC) is set to open a new branch in the International Financial Services Centre (IFSC) in GIFT City in Gujarat in India.
Hannover Re has appointed Mr Prateek Maheshwari as CFO of its India branch.
Guy Carpenter has appointed Mr Ankur Mehta as Managing Director for India. With over two decades of experience in the region, Mr Mehta brings extensive expertise in strategy development and cross-functional team leadership within the insurance and reinsurance sectors.
Indian Finance Minister Ms Nirmala Sitharaman will present the country's Budget for the financial year ending 31 March 2027 (FY2027) to the Indian Parliament on 1 February 2026. The insurance industry expects a lot from this Budget, as it is already buoyed up by the recent reforms by the government.