India's insurance sector is poised for massive long-term growth, supported by structural reforms, low insurance penetration, and a favourable regulatory environment, but macroeconomic headwinds and profitability pressures remain key risks, said S&P Global Ratings.
Bajaj General Insurance and Swiss Re Corporate Solutions are exploring a commercial insurance partnership in India to bring together the general insurer's strong local market presence with the global reinsurer's risk knowledge and commercial insurance capabilities.
Global insurers are accelerating their expansion plans in India following the country's decision to allow up to 100% foreign ownership in insurance companies, with South Korea's Hanwha Group and South Africa's Discovery among the latest firms exploring opportunities.
Rising health insurance penetration will support the growth of Indian hospital sector, according to a new survey report by Deloitte India.
India is not considering any proposal to make insurers follow healthcare providers' opinion on health insurance claims and health insurance claims will continue to be decided according to insurance policy conditions.
Global asset manager Blackstone is set to enter India's general insurance market through a proposed new venture with former HDFC ERGO Managing Director and Chief Executive Anuj Tyagi.
PartnerRe has appointed Mr Ankur Gupta as CEO of India.
Go Digit Life Insurance has entered India's retirement segment with the launch of the Digit Life Pension Plan. It has introduced two annuity variants designed to cater to different retirement income needs.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Generali Central Life Insurance has unveiled a participating pension plan in India aimed at helping customers build retirement savings, as the country's ageing population grows and pension penetration remains relatively low.