Optima Insurance Brokers Pvt. Ltd.

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Our views on important risk issues and emerging risks.

Industry News

Rs 3,000 Crore worth of 700 Insurance Surety Bonds issued

Recently, NHAI in a workshop on implementation of Insurance Surety Bonds (ISB) for NHAI contracts shared that around 700 insurance…

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By 2028, Indian General insurance industry to reach US$ 57.3 bn

Indian general insurance industry’s gross written premiums (GWP) is likely to witness a growth at a compound annual growth rate…

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Non-Life Insurance companies’ premium grows 13% to Rs 2.89 lakh crore in FY24

In the financial year 2023-24, India’s 42 general insurance companies as a whole collected a premium income of ₹2,89,738 crore,…

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Indian Insurance Market is growing fastest in the World

The Indian insurance market has witnessed an impressive growth rate in the last two decades primarily driven by the bigger…

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Indian Insurance market is the fastest growing in G20 Group of Nations with growing exposure to Natural Catastrophe

As per research by Swiss Re, in the coming 5 years, India is forecasted to have the fastest-growing insurance sector…

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National Insurance Academy proposes to cover high-risk areas with mandatory natural calamity cover

National Insurance Academy (NIA) has proposed to make natural catastrophe (NatCat) cover compulsory in highly vulnerable and disaster-prone areas, with…

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Insurance companies in India cancels war damage coverage

Marine cargo insurance policies are vital for the businesses involved in the transportation of goods, in particular shipping across the…

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Cyber Insurance gains traction in India; set for exponential growth

A Deloitte report has forecasted that the Indian cyber insurance market will grow by 27-30% in the coming years. The…

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In India, US$720bn is the Guarantee Gap for Infrastructure Construction

India’s surety insurance bond market has not yet taken off due to unaddressed risks and the absence of market makers,…

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IRDAI to expand reinsurance market, overhauls regulations

India’s Insurance regulator, IRDAI has approved a wide-ranging overhaul of reinsurance regulations aimed at promoting a favourable business environment and…

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