IRDAI’s push for faster cashless health insurance claims represents an important step towards making insurance genuinely responsive to policyholders. Requiring insurers to decide on cashless pre-authorisation requests within one hour…
Global losses from natural disasters reached nearly US$112 billion in the first half of 2026, while insurers covered only US$44 billion, leaving around 60% of the economic losses uninsured, according…
The Supreme Court has called for stronger enforcement of mandatory motor insurance requirements and suggested linking fuel purchases with a vehicle’s insurance status as a possible measure to reduce the…
India has substantial headroom to expand insurance coverage, and financial technology companies can play a major role in reaching consumers who remain inadequately served by existing insurance products, according to…
India’s life insurance industry recorded a 20.7% year-on-year increase in new business premium (NBP) to ₹47,004.84 crore in July 2026, compared with ₹38,958 crore in July 2025. The pace of…
Union Finance Minister Nirmala Sitharaman has said health insurance remains a priority for the government, with efforts underway to provide insurance coverage to all citizens by 2033. (News On Air)…
The government will set up a cooperative life insurance company as part of a broader effort to expand the cooperative sector into new areas of financial services, Union Home and…
Jio Financial Services Limited (JFSL) and Allianz Group have entered into a binding agreement to establish a 50:50 joint venture for general and health insurance in India, marking a significant…
Global specialty (re)insurance broker Consilium has secured a broking licence from the Monetary Authority of Singapore (MAS), strengthening its ability to serve clients across the Asia-Pacific region. The company has…
Aon has expanded the capacity of its Data Center Lifecycle Insurance Program (DCLP) to $5 billion, responding to rapidly growing investment in artificial intelligence, cloud computing and hyperscale data centres…