The Insurance Regulatory and Development Authority of India (IRDAI) has approved the acquisition of Magma General Insurance by the Patanjali-DS Group, clearing the way for a change in ownership of…
Union Home Minister Amit Shah announced the formation of a cooperative life insurance company aimed at expanding financial inclusion and providing accessible life insurance coverage across India. The initiative is…
Aviva Plc has taken full ownership of Aviva India, months after the Indian government approved 100% foreign direct investment (FDI) in the insurance sector. The move consolidates Aviva’s position in…
Top court introduces compensation for homemaker deaths The Supreme Court recognised "loss of domestic care" as a separate head of compensation in motor accident cases involving the death of a…
Context Setting Nepal’s interest rate cycle has shifted rapidly in recent years—from peaks of 8–10% during liquidity stress to nearly 4–5% today amid excess liquidity. While lower rates support borrowing…
Climate change has emerged as one of the most profound systemic risks facing the global economy, and the insurance sector stands at the forefront of this challenge. As an industry…
PNB MetLife, one of India’s leading life insurers, delivered strong claims settlement performance in the financial year 2025–26, achieving a 99.81% Individual and 99.70% Group claim settlement ratio, reinforcing its…
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…
Dr. Rakesh Agarwal, Director, RMAI and Editor, The Insurance Times, delivered a session on “Legal Preparedness for Insurance Surveyors” at the West Bengal Chapter training programme in Kolkata. He highlighted…