Paving the Way for Greater Global Involvement and Insurance Access Key Highlights: 100% FDI in Insurance: The Indian government plans to propose allowing 100% foreign direct investment (FDI) in insurance…
Comprehensive Insights on India’s Insurance Sector Key Findings: Growth Amidst Challenges: India’s insurance sector has demonstrated robust growth, with gross written premiums (GWP) exceeding $130 billion between FY2020 and FY2023,…
Robust Growth in October 2024 Key Highlights: Overall Sector Growth: The Indian general insurance sector recorded a 27.53% year-on-year (Y-o-Y) increase in gross direct premium income in October 2024, reaching…
Mr. Chunky Chhetry, CEO of Sagarmatha Lumbini Insurance Company Ltd., Nepal has been elected to the prestigious Executive Board of Trustees of the Association of Insurers and Reinsurers of Developing…
Strong Growth Driven by Sales Increase and Operational Efficiency Key Points: Go Digit General Insurance’s net profit rose by an impressive 223.11% in Q2 2024, reaching ₹89.47 crore. The company's…
Key Highlights: Traffic violations in India now influence car insurance premiums, with repeat offenses and severe violations incurring higher costs. Over-speeding, drunk driving, and other common offenses carry hefty fines…
Key Points: Allianz aims to exit its joint ventures with Bajaj Finserv after 20 years, potentially cashing out multi-billion dollar stakes. The exit options include a buyout by Bajaj or…
Key Points: Jio Financial, led by Mukesh Ambani, and German insurance giant Allianz SE are in early talks to establish life and general insurance joint ventures in India. Allianz may…
Key Points: State Consumer Disputes Redressal Commission of Chandigarh upholds Rs 1.35 crore payout to family of Gaurav Sharma, who died due to Covid-19. Gaurav Sharma had made his premium…
Reaching New Heights in Insurance Penetration through Technology Key Points: India’s insurance sector, currently ranked as the tenth-largest globally, has vast growth potential, particularly with a national goal to insure…