While the market remains profitable, deteriorating incurred direct...
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Energy Insurance:Globally downstream market saw gross losses of $6.8 billion in 2025
In Asia, the upstream market also remains decisively...
West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict
Gulf insurers are heavily reinsured but global reinsurers have...
Rural markets lead passenger vehicle sales growth in 2025: FADA
The rural passenger vehicle sales grew 12 per cent during the year, compared with an 8 per cent rise in urban areas.Total passenger vehicle sales climbed to 4.47 million units in 2025, up from 4.1 million units in 2024, the data said. The data also pointed to a clear...
Automobile retail sales up 7.71 pc at 2 81 61 228 units on 2025: FADA
Passenger vehicle (PV) retail sales stood at 44,75,309 units in 2025 as against 40,79,532 units in 2024, a growth of 9.7 per cent, Federation of Automobile Dealers Associations (FADA) said in a statement New Delhi: Retail sales of vehicles across categories in India...
MS Amlin grows Phoenix Re cat bond to $115m for 2026
Asia-focused ILS vehicle exceeds $100m milestone as insurer signals further expansion.Since launching in 2021, Phoenix Re has grown steadily, supported by consistent investment performance and rising investor appetite for accessing Asia’s diverse catastrophe risks....
Global reinsurer capital reach a new high of $760 billion by September 30, 2025: AoN
Insurers were able to achieve significant decreases in pricing and improved terms at renewal.Competition was particularly fierce in the U.S. property catastrophe market, with preferred risks typically achieving strong double-digit rate reductions at 1/1.Property...
S Prakash appointed as first CEO,Health Insurance, GI Council,to spearhead sector reforms
S Prakash, CEO-designate, Health Insurance, General Insurance Council One of the immediate tasks, Prakash will undertake- taking forward the ongoing negotiations with hospitals to bring them under the common empanelment platform that will facilitate payment of uniform...
Punjab to roll out Rs 10 lakh universal healthcare cover for 65 lakh families,UII to provide Rs 1lakh health insurance
Mathew George,executive director, United Indian Insurance and Balbir Singh,Punjab Health Minister at the agreement signing event between Punjab and UII to provide Rs 1 lakh universal cover to state's population The universal healthcare cover will be provided to all 65...
Jan1 Renewals:Most areas of market record price decreases, Conditions expected to persist into 2026, says Howden
This backdrop brings opportunities across the value chain. Buyers are benefitting from rate reductions and improved terms as supply exceeds demand in most areas whilst underwriting performance remains strong, delivering healthy profits and returns on capital.Buyers...
2025-one of 3 hottest years on record
WWA(World Weather Attribution) scientists identified 157 extreme weather events as most severe in 2025, meaning they met criteria such as causing more than 100 deaths, affecting more than half an area’s population or having a state of emergency declared. Of those,...
Govt probes insurers paying excessive distribution commissions without growing business
The Department of Financial services (DFS) has sent letters to general insurers and life insurers through their respective councils- General Insurance Council and Life Insurance Council- after both- the insurance regulator IRDAI and the banking regulator Reserve Bank...
Indian auto industry closes 2025 on firm footing, broad-based sales growth reported in December
Maruti Suzuki India, the largest car maker in India, reported total sales of 217,854 units in December 2025, up from 178,248 units a year earlier. Domestic sales touched an all-time high of 182,165 units, underlining strong demand for compact cars and utility...