A new survey conducted across 113 villages in India has found that only 22% of India's rural population owns life insurance products compared to 73% across urban India.
Bank of Baroda's 65%-subsidiary IndiaFirst Life Insurance has received approval from the Securities and Exchange Board of India's (SEBI) for an initial public offering (IPO).
About 400m people in India, roughly 30% of the country's population, are considered the "missing middle"-that is, underserved communities with insufficient health insurance protection.
Japan is ranked second in a new Swiss Re study on life and health insurance availability, accessibility and affordability (three 'A's). Japan's aggregate inclusion score is 0.66, behind the 0.67 score for the US.
For the first time, many non-life insurance companies have decided to link the pricing of fire insurance policies to the claims experience.
Less than 5% of Indian employers provide comprehensive insurance and benefits - including group medical cover, personal accident cover, term life and telehealth - to employees, according to a study by Plum, an employee health insurance platform.
Gallagher Re has appointed Mr Vinod Krishnan to lead its new treaty reinsurance team in India. It comes as an agreement to acquire the treaty reinsurance broking operations of WTW India was signed, with the transaction completion being subject to receipt of regulatory approval.
Nearly 88% of Indians are ready to trade their high-paying jobs for comparatively low-paying ones for their mental wellbeing as stress from work has a significant impact on their personal lives according to a new survey.
Over 57% of Indian CxOs rank climate change as significantly higher and top three priority ahead of economic outlook according to a new report by Deloitte.
The Bandhan Group, currently engaged in banking, mutual funds and microfinance, is planning to enter the insurance sector.