The Indian insurance sector is poised for robust mid-term growth, supported by solid macroeconomic fundamentals and rising consumer demand, according to Swiss Re's report "India's Economic and Insurance Market Outlook 2026 2030: Resilient and Rising Amid Global Shifts".
Saudi Reinsurance Company (Saudi Re) yesterday launched a branch in Gujarat International Finance Tec-City (GIFT City) in Mumbai, having obtained the approval of the Saudi Insurance Authority and the relevant Indian authorities to open the branch to conduct reinsurance business.
SBI Life Insurance has launched 'SBI Life - Smart Platina Advantage', an individual, non-linked, non-participating life insurance savings product that offers long-term guaranteed benefits along with life insurance protection throughout the policy term.
To achieve the goal of "Insurance for All by 2047", India will need to coordinate action across regulators, insurers, government, technology providers and civil society, according to a new report.
The Global Reinsurance Summit (GRS), conceived in 2023 and shaped through joint efforts of IFSCA-IRDAI and GIFT City, is now poised to continue its journey with third edition scheduled to be held at Mumbai on January 19, 2026.
Bajaj Finserv, one of India's largest financial services companies, has completed the acquisition of 23% stake in its insurance subsidiaries -- Bajaj General Insurance and Bajaj Life Insurance -- from Allianz SE.
India's efforts to achieve universal insurance coverage by 2047 could take shape in the upcoming 2026 Union Budget, set to be presented in February.
Indian general insurers and standalone health insurers settled a record 32.6m health insurance claims in financial year 2024-25 according to Insurance Regulatory and Development Authority of India's (IRDAI) annual report for the financial year.
Insurance veteran Balasundaram R has been appointed as Senior Advisory Board member and Head of Marine Practice of Policybazaar for Business. Policybazaar for Business is the corporate insurance arm of Policybazaar.com.
Mis-selling remains a top concern for Indian insurers as complaints related to unfair business practices rose again in 2025, according to a report by the Insurance Regulatory and Development Authority of India (IRDAI).