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China’s insurance sector likely to see modest growth in 2026:Fitch
Government and regulatory initiatives continue to support demand...
Insurance sector set for stronger year as life, health insurers post robust growth: Kotak
Non-life insurance growth is likely to remain moderated as weakness...
Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore
"Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 2.5% equity with an additional 4% as a green shoe option. Floor price has been fixed as Rs 382 per share. This will help achieve MPS...
AI to reshape insurance economics, drive scale and specialisation: McKinsey
The report said insurers will increasingly have to choose between competing through scale and cost or through deep specialisation, while building the technology, data and operating capabilities required to respond at "technology speed". Companies that delay AI...
Rajaraman gets extension as IFSCA chairman till 65
K Rajaraman, chairman, International Financial Services Centres Authority The main objective of IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region...
LIC hands over Rs 12,207 cr dividend to Sitharaman
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman(centre) receiving a dividend cheque from the senior management of Life Insurance Corporation LIC is completing 70 years since its incorporation and as at 31.03.2026 has an asset base of ₹ 59.03 Lakh...
LIC appoints Shatmanyu Shrivastava as CFO, Varadarajan Muthuvenkataraman as Chief Risk Officer
The appointments were approved by LIC's Board of Directors at its meeting held on Tuesday on the recommendation of the Nomination & Remuneration Committee New Delhi: Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its chief...
Swiss regulator opens enforcement proceedings against Zurich Insurance, bars sales of some new policies
“The regret is that we should have found it ourselves, which we didn’t despite all the audits and checks that we do. Remediation steps hadn’t been followed, which led to the enforcement proceeding, Chief Executive Officer Mario Greco Zurich Insurance said on Monday...
Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal
“Singapore serves as our Asia-Pacific headquarters and is central to our global growth strategy,” Baete said in the firm’s release on Friday. Singapore “is a nation that cares deeply about the well-being of its people.” Allianz SE agreed to buy HSBC Holdings Plc’s...
SBI Life posts higher quarterly profit, expects margins to improve
"We have definitely seen the margin bottoming out," SBI Life MD and CEO Amit Jhingran said in a post-earnings call. "Going forward, with higher focus on individual policies, margin is going to be towards the upper range of our guidance." BENGALURU: SBI Life...
HDFC Life crosses Rs 4 trillion of AUM
Mumbai:HDFC Life, the third largest life insurance company in the country, has crossed Rs four trillion of assets under management (AUM).The company’s current debt-equity ratio is 72:28. A high proportion of its debt investments are in Government bonds and AAA-rated...
Allianz Jio Re writes Rs266 crore of prm in maiden qtr, AGCS India to shift its business to JV
``We assure clients of uninterrupted service, continuity of coverage and consistent relationship management, as the existing facultative reinsurance portfolio from Allianz Commercial / Allianz Global Corporate & Specialty (AGCS) will be transitioned to Allianz Jio...