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AM Best maintains stable outlook on India’s non-life insurance segment

by AIP Online Bureau | Jan 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
India likely to become world’s 3rd largest economy by 2030: Swiss Re

India likely to become world’s 3rd largest economy by 2030: Swiss Re

by AIP Online Bureau | Jan 14, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance, Risk Management

India’s insurance market projected to be the G20’s fastest-growing market over the next five years, with total premium volumes (life and non-life) up 7.3% in real terms on average each year. Growth underpinned by macroeconomic tailwinds, digitalisation progress and...

Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re

by AIP Online Bureau | Nov 19, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation, Risk Management

Insurance premium growth forecast in real terms   TotalNon-lifeLife  2024F2025– 2026F2024F2025–2026F2024F2025–2026FWorld 4.6%2.6%4.3%2.3%5.0%3.0%Advanced markets    All4.1%2.0%4.3%1.9%4.0%2.0%North...
Rising claims pose challenge for health insurance sector in India: Jefferies

Rising claims pose challenge for health insurance sector in India: Jefferies

by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

The report indicated that India’s non-life insurance sector is experiencing significant shifts, the health insurance segment may face challenges as healthcare costs continue to rise and more consumers claim their insurance, and insurers are grappling with...
6 candidates to be interviewed for selecting member, Non-Life, IRDAI on Thursday

6 candidates to be interviewed for selecting member, Non-Life, IRDAI on Thursday

by AIP Online Bureau | Jul 16, 2024 | Indian News, Non-Life, Regulation

The candidates are- Rejeshwri Singh, CMD, National Insurance Company, Randip Singh Jagpal, executive director, IRDAI, CS Radhika, general manger, United India Insurance UII and three other candidates from the private sector insurance industry-Deepak Sood, a consultant...
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