SBI Life has signed a MOU with the Indian Institute of Technology, Mumbai to establish a joint research and innovation centre dedicated to building India's own deep-technology defences for the insurance sector.
MAPFRE Re has appointed Mr Chaturbhuj Bansal as Head of its India branch, subject to regulatory approval.
Financial awareness is increasing among the young Indians, however, it is not translating into protection or increased insurance coverage, according to a new study by Bajaj Capital Insurance Broking.
Investing just 2% of capital expenditure (CapEx) in climate resilience measures across India's planned renewable energy projects could reduce potential climate-related losses by nearly half, from $55bn to $27bn, according to a report by Zurich Kotak General Insurance and Zurich Resilience Solutions.
The Indian insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), has set up a working group on adoption, governance, and oversight of AI technologies in the Indian insurance industry.
ICICI Prudential Life Insurance has launched ICICI Pru Signature Secure, the Indian life insurance industry's first Unit Linked Insurance Plan (ULIP) to include a built-in guaranteed maturity benefit.
General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD) of the Corporation. The effective date of assumption of charge is 16th June 2026.
The Indian government will divest 5% equity in GIC Re through an offer-for-sale (OFS) for non-retail investors and retail investors this week.
Ageas Federal Life Insurance has elevated Mr Erum Kidwai to the role of CMO.
HDFC Life, one of India's leading insurers, has reported continued strength in its claim settlement performance, with a claim settlement ratio of 99.7% for individual death claims in FY26. The company said it continues to consistently deliver on its promise to customers, as reflected in this year's high settlement ratio.