The digital insurance platform market is projected to expand significantly, with estimates suggesting it could reach $432 billion in value as insurers increasingly adopt digital technologies to enhance customer experience, streamline…
A policyholder secured a ₹20,000 compensation after Life Insurance Corporation of India (LIC) delayed the payment of ₹83,000 over 11 years. The dispute arose when LIC failed to disburse maturity…
Lloyd’s, the global insurance and reinsurance marketplace, has announced the launch of a marine war risk consortium designed to provide additional insurance capacity for vessels and cargo transiting the Strait…
The cyber insurance market has remained stable despite the increasing sophistication of AI-driven cyberattacks, according to industry reports. Insurers are observing that while policy pricing and underwriting are steady, the…
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a dedicated working group on artificial intelligence (AI) to guide the adoption, oversight, and governance of AI technologies within…
General Insurance Corporation of India (GIC Re) has reappointed Shri Hitesh Rameshchandra Joshi as its Chairman and Managing Director (CMD), ensuring continuity in leadership at India’s state-owned reinsurer. The decision…
The government has announced key leadership changes in the insurance sector, aimed at strengthening governance, regulatory efficiency, and overall sector oversight. The restructuring is part of broader efforts to improve…
India has accounted for 33% of all transactional risk insurance claim notifications in Asia, highlighting the country’s significant role in deal-related insurance activity across the region. Transactional risk insurance typically…
Indian insurtech platform Turtlemint is reportedly preparing for an initial public offering (IPO) worth around $106 million, reflecting strong investor interest in the country’s rapidly growing digital insurance ecosystem. The…
Indian insurtech company Turtlemint is reportedly planning an initial public offering (IPO) worth around $106 million, seeking to capitalize on the rapid growth of the country’s digital insurance market. The…