Optima Insurance Brokers Pvt. Ltd.

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Industry News

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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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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