SBI General Insurance ties up with Google Pay
SBI General Insurance announced its technological collaboration with Google Pay that will enable users to buy SBI General's health insurance on the Google Pay app. "This is in line with…
Swiss Re to pick up 23% in Paytm Insuretech
Digital payments company Paytm announced that its associate, Paytm Insuretech Ltd (PIT), has entered into a strategic partnership with Swiss Re. Swiss Re, a leading provider of reinsurance, insurance and…
Ola Financial looks to expand overseas insurance business
Ola Financial Services (OFS), a subsidiary of Ola, is looking to expand its insurance business internationally to support the company's mobility service through products designed for the UK and Australia…
Russia’s general insurance industry to reach $19.3 billion in 2025 supported by economic growth post-pandemic, forecasts GlobalData
Russia’s general insurance industry is expected to gain momentum over the coming years after seeing slow growth over the pandemic period, according to GlobalData. The leading data and analytics company forecasts…
Insurance sector sponsorship worth $895 million to sports industry rights holders in 2021, says GlobalData
424 insurers currently partnering with rights holders, with active contracts worth $5.17 billion over their duration. Majority of insurance firm spend targets the soccer market, with $333 million spent…
General insurance industry in Singapore to reach $4.2bn in 2025, forecasts GlobalData
The general insurance industry in Singapore is expected to grow at a compound annual growth rate (CAGR) of 5.0% from SGDb4.4bn ($3.2bn) in 2020 to SGD5.6bn ($4.2bn) in 2025, in terms of…
Underwriting losses fall, profits jump for general insurers
Despite paying a huge sum as claims and facing other challenges and constraints triggered by the Covid pandemic throughout the fiscal, the general insurance industry has seen its net profit…
Malaria and the vaccine hunt
The World Health Organization (WHO) allowed "widespread use" of the world's first vaccine against malaria, a common mosquito-borne disease that claims more than four lakh lives every year. Developed by…
Cargo Insurance premiums jump 33% this year
The sudden jump in the volume of oil, gas and coal being transported across the seas is pushing up cargo insurance premiums for India's general insurance companies. This is…
SBI General Insurance expects 20% growth in FY22
SBI General Insurance is expecting close to 20 per cent growth in business in FY22 backed by a steady demand for health insurance products and an improvement in motor insurance…