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Industry News

India to table Bill to hike FDI in Insurance sector

The Indian government is set to table a bill in the Winter session of Parliament, aiming to raise the foreign…

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India Pilots First Parametric Insurance to Protect Coastal Communities from Cyclones

In a landmark step toward strengthening India’s climate resilience, a new initiative is piloting the country’s first parametric insurance scheme…

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India’s Non-Life Insurance Sector Reports Premium Growth of Single Digit in First Five Months of FY26

India’s non-life insurance sector posted modest growth in the first five months of FY26, with total premiums reaching ₹1.34 trillion,…

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India’s Move Toward 100% FDI: A Game-Changer for the Insurance Sector

India’s insurance industry is poised for transformative growth as the government moves to allow 100% Foreign Direct Investment (FDI) in…

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Parametric Insurance: A protection trigger for Migrant Workers and Solar Firms

Across India’s sweltering summers and sun-drenched deserts, an insurance revolution is gaining ground. Parametric insurance — a trigger-based coverage that…

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India’s Non Life Insurance Premiums Grow 5.2% in June 2025

India’s non-life insurance sector reported a 5.2% year-on-year rise in gross written premiums (GWP) to ₹23,422.5 crore in June 2025, as…

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Cyber onslaught on India’s Insurance Sector in FY 25 – A wake up call

India’s insurance industry came under intense cybersecurity pressure in FY 25, experiencing its highest-ever volume of cyberattacks. Leading insurers like Star…

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India’s BFSI sector leads with 35% to 40% share in cyber insurance

In India, almost all cyber insurance customers are renewing their policies as a result of the increased awareness of cyber…

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India’s first private reinsurer, Valueattics Re gets approval of IRDAI

In a path breaking development for Indian insurance industry, Valueattics Reinsurance Ltd. will become India’s first reinsurer exclusively dedicated to…

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PSU General Insurers in India turns profitable in Q3FY25 with a combined profit of Rs 1,066 crore

Public Sector General Insurance Companies (PSGICs) in India earned a combined profit of Rs 1,066 crore in Q3FY25, marking a…

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