BRICS member nations have called for harnessing the collective potential of BRICS to build a more self-reliant BRICS insurance ecosystem to support trade among members and enable further discussion on enhancing reinsurance capacities.
Prudential Life Insurance has upgraded its Partner Stack with new capabilities in 2026, positioning it as 'ICICI Life Partner Stack 2.0'. The stack brings together AI-enabled tools, deeper partner-system integrations and digital capabilities to support the Company's advisor and distribution network across sales, onboarding and customer servicing.
Underwriting losses incurred by India's non-life insurance's registered a sharp increase in 2025-26 surging from INR302.88bn ($3.17bn) in 2024-25 to INR452.79bn in 2025-26, recording a rise of around 50%.
Bharti AXA Life Insurance has appointed Ms Priya Chandni as Head of Brand Management and PR.
The Indian state of Madhya Pradesh has launched a pilot project that will stop uninsured vehicles from refuelling at petrol pumps.
Prudential plc announced in a 27 August press release that Prudential Corporation Holdings (PCHL), a subsidiary of Prudential, has successfully executed the sale of a 2% stake in ICICI Prudential Asset Management Company (IPAMC) via an open market sale process.
Prudential Health India, a standalone health insurance company backed by Prudential plc and the HCL Group, has commenced its business operations in India.
The adoption of health insurance in India continues to rise, however, health insurance customers' experience with the health insurers remains under pressure, according to a new report.
India's non-life insurance industry saw gross premiums grow 5.7 per cent year-on-year in July 2026, reaching INR31.398bn. According to data from the General Insurance Council, growth slowed sharply from 15.9 per cent in June, amid declines in fire and crop insurance that offset continued expansion in health and motor insurance. For April-July FY2027, however, non-life insurance premiums grew 9.5 per cent year-on-year, compared with 7.1 per cent during the same period a year earlier.
GIC Re has announced a 10% increase in net profit to INR1922cr ($201m) in the April - June quarter of the current financial year, against INR1752cr in the same quarter in the previous financial year.