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Industry News

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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Indian Insurance Industry – An Opportunity in Growth

Indian insurance market is on rise with the total insurance premiums growing by 7.7% in FY24 and reaching Rs 11.2…

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2025 ushers in double-digit growth for Non-Life Insurance industry of India

2025 ushers in with prospects of high growth in the Non-Life Insurance sector in India despite flat general insurance penetration….

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Insurance in India is poised for a breakthrough with 100% FDI

The Indian government is preparing to implement significant reforms in the insurance sector by permitting 100% foreign direct investment (FDI)…

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Non-life Insurance in India hits the growth button in October 2024 with 27.5% premium growth

Non-life insurers in India are upbeat, having reported a 27.53% year-on-year (Y-o-Y) premium growth in October 2024. This high rate…

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Festivals in India: A reason to celebrate for Insurers

India is a land of festivals, and not just people but also insurers keenly await the onset of festivals. Large-scale…

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IRDAI aims to promote transparency and orderly conduct of Insurance business in India

The Insurance Regulatory and Development Authority of India (IRDAI) in a bid to strengthen governance measures in Insurers’ operations has…

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A Master circular by IRDAI makes key reforms in Indian General Insurance

The Insurance Regulatory and Development Authority of India (IRDAI) introduced a comprehensive Master Circular to simplify and modernize the general…

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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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