Sanjay Lohiya,secretary, Department of Financial Services , also...
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IRDAI’s distribution reforms faces pushback from brokers, auto dealers
Brokers are seeking an extension of a deadline for consultation on...
Wall Street PEs’ $10 bn hospital bet sparks fight over healthcare costs, Insurers Fret
S Prakash, CEO of the General Insurance Council’s Health Insurance...
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 in commercial segments, particularly fire insurance, weighs on overall premiums, according to Kotak Institutional Equities New Delhi: India's non-life insurance industry is expected to see continued...
Health Insurance: Rising adoption, but customer experience not keeping pace
Hansa Research report, on the Indian health insurance industry, highlights a growing gap between rising health insurance adoption and customer experience, with industry net promoter score declining from 55% to 50%. Tata AIG leads the rankings, followed by ICICI...
Hormuz traffic slows as uncertainty over waterway persists
Traffic slowed further at the other major Middle East waterway, the Bab el-Mandeb strait.A total of 27 commodity vessels passed through Bab el-Mandeb on Wednesday, down from 32 on Tuesday, Kpler data showed.Some vessels may be sailing through the waterways with...
Dutch e-commerce investor Prosus to invest $100 mn in Sachin Bansal’s Navi
Sachin Bansal, founder, Navi The investment values Navi at about $1.3 billion. At present, Navi offers loans, insurance, mutual funds, and UPI payments. Mumbai: Sachin Bansal-promoted Indian fintech startup Navi said on Wednesday it will raise $100 million from Dutch...
Munich Re acquires US based cyber insurtech At-Bay for $575 million
The acquisition is a strategic move to strengthen Munich Re’s and HSB’s position as a leader in the cyber market by combining insurance with proactive risk mitigation and a state-of-the-art technology platform. It also positions the company for greater access to a...
Wall street leans on Insurance Pools for $16 billion Kuwait deal
Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co. opted for insurance-backed financing for the debt portion of the landmark deal. The decision points to the growing role of insurers as providers of long-dated capital for infrastructure assets, whose...
Healthcare delivery capital-intensive, hospital tariffs only tip of iceberg: NATHEALTH
The Parliamentary committee had observed with concern the widening cost disparity between public and private healthcare, noting that private hospitalisation averages Rs 50,508 compared to Rs 6,631 in public facilities, saying such huge disparity has triggered a...
Envelop Syndicate 1925: Reinsurance MGA Envelop launches Lloyd’s Cyber Reinsurance Syndicate
While cyber treaty reinsurance will remain core, Syndicate 1925 will allow Envelop to expand its proposition to include other lines of business, increasing access to its proven capital management and underwriting capabilities to a broader range of partners. London:...
General insurance industry grows 9% to ₹3.36 trillion in FY26: BCG reportt
The industry’s combined ratio deteriorated by two percentage points to 113%, while profit after tax (PAT) declined 23% YoY to ₹10,000 crore. Return on equity (ROE) fell to 6% from 9% a year earlier. Mumbai:India’s general insurance industry grew 9% year-on-year (YoY)...
Munich Re reclaims top global position among IFRS 17 reporting reinsurers
Lloyd’s moved to the top of the ranking for non-IFRS 17 reinsurers, lifted by premium growth and the British Pound appreciating against the U.S. dollar. GIC Re is the 10th largest global reinsurer among non-IFRS 17 reporting reinsurers OLDWICK:Foreign currency...