The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a sub-committee aimed at reviewing the current landscape of private health insurance in India. The move is part of its efforts to boost the penetration of health insurance.
India treaty renewals at 1 April took place in a well-capitalised and increasingly competitive environment, with reinsurer appetite remaining strong across most lines, according to a report published by Gallagher Re.
The financial protection gap for critical illnesses is widening, even as employers and insurers step up preventive care efforts and introduce cost-sharing measures to help manage rising treatment costs, according to a report released by Aon.
The global reinsurance market is continuing to soften, with noticeable rate reductions seen in key 1 April renewal regions across Asia and India, according to a recent report by Guy Carpenter, a Marsh McLennan business and leading global risk and reinsurance specialist.
GIFT City's insurance and reinsurance ecosystem has seen rapid expansion, with premium volumes rising from $102m in 2020 to more than $1.2bn in 2025, representing an increase of almost 11 times over five years and highlighting the significant scale-up of India-linked risk underwriting within the International Financial Services Centre (IFSC).
The Indian Supreme Court has said that rail travel insurance should be available to all railway passengers and they should not be treated differently merely because some book tickets online while others buy them at counters.
Generali has appointed Mr Krishnamoorthy Rao as Managing Director and CEO of its P&C business in India, effective 1 April 2026 and subject to regulatory approval.
Airline Pilots' Association of India (ALPA) has urged the Indian civil aviation ministry and regulator Directorate General of Civil Aviation (DGCA) to suspend flight operations into high-risk conflict zones till a centralised risk assessment is carried out amid the escalating West Asia crisis.
Ms Sonia Rawal has been appointed as the first CEO of Allianz Jio Reinsurance, which commenced operations on 26 March 2026.
JBA Risk Management, a flood specialist, has updated its Global Flood Model, introducing enhanced hazard maps, a broad range of future climate event sets and improvements to both processing speed and exposure disaggregation.