The World Bank's (WB) latest Financial Sector Assessment (FSA) report on India acknowledges that India's insurance sector development has been in line with the peers, says the insurance regulator IRDAI in a media statement.
Korean Reinsurance Company (Korean Re) has announced that it has received regulatory approval to establish a new branch in Gujarat International Finance Tech-City (GIFT City), India's first operational smart city and International Financial Services Centre (IFSC). The company plans to officially commence operations in April 2026.
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched the ABSLI Vision Retirement Solution for retirees.
The central government, following its banking sector consolidations, is now preparing to merge insurance companies.
Ace Insurance Brokers has appointed Mr Arvind Laddha as President. In his new role, he will work closely with the Ace leadership team to strengthen emerging business lines, including employee benefits and other specialised verticals, and support Ace's network expansion nationally.
Eighty per cent of persons with disabilities in India have no health insurance and 53% of those who apply face rejection according to a national survey conducted by the National Centre for Promotion of Employment for Disabled People (NCPEDP).
The 3rd edition of the India Risk Report 2025 by ICICI Lombard and the Institute of Risk Management (IRM) - India affiliate highlights how technological disruption and global realignments are reshaping India's risk landscape, creating both vulnerabilities and opportunities.
Manulife Financial Corporation and Mahindra & Mahindra have signed an agreement to establish a life insurance joint venture (JV) in India, both holding an equal stake.
India's overall wellness score has remained stable at 72 for the fourth consecutive year but the country continues to suffer from lifestyle diseases such as diabetes, stress and heart ailments that are silently eroding wellness across generations according to a new survey.
Manulife Financial Corporation and Mahindra & Mahindra (M&M) are forming a 50:50 life insurance joint venture in India. The partnership was announced in a 12 November press release by Manulife, noting that the deal remains subject to regulatory approvals.