Madrid-headquartered global reinsurer Mapfre Re has obtained official approval from the International Financial Services Centres Authority (IFSCA) of India to open a branch office in GIFT City in Gujarat, a decisive step forward in its growth strategy for Asia.
The Insurance Brokers Association of India (IBAI) has appointed Mr Pranav Kapadia as its Deputy Secretary General.
Called IncomeNow, it is a savings and protection plan aimed at customers looking for guaranteed income along with life insurance cover.
Four in five of Indians (82%) fear rising healthcare costs and the adequacy of their insurance coverage, in case a catastrophic illness takes place in the family, according to the findings of a new survey.
Aon has announced a strategic collaboration with India's ICICI Prudential Life Insurance Company, where the insurer will implement a high-performance modelling platform across its actuarial modelling landscape.
The government's latest economic survey for the fiscal year 2025-26 mentions that high distribution costs are limiting the growth of India's insurance sector.
Bharti AXA Life has entered into a strategic bancassurance partnership with Equitas Small Finance Bank.
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.
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.