The petroleum supply shock from the Iran-US War looks likely to cost global GDP growth about 0.5% - 0.6% with potential losses rising the longer the Strait of Hormuz remains effectively closed, said Eastspring Investments in its quarterly outlook report.
Swiss Re has appointed Ms Anna Ziswiler as Head P&C Reinsurance for Southeast Asia, Hong Kong, India, Korea and Taiwan, effective 1 May 2026. She will become a member of the P&C Re Management Team.
Jio Financial Services (JFSL) and Allianz Group (Allianz) -- through its wholly-owned subsidiary Allianz Europe -- have entered into a binding agreement to form a 50:50 primary insurance joint venture (JV), according to a statement released jointly by the two parties.
Abu Dhabi National Insurance Company (ADNIC), has received the licence to undertake reinsurance business from GIFT City, India's first International Financial Services Centre (IFSC) in Gujarat, effective 1 April 2026.
Murugappa Group has announced the appointment of Mr Rajive Kumaraswami as the new Managing Director of Cholamandalam MS General Insurance, effective 1 June 2026.
Amid heightened geopolitical tensions in West Asia and broader global uncertainty, the Indian government has moved to strengthen the country's maritime trade resilience through a major insurance initiative.
Women are actively engaged in managing their finances but continue to face gaps in financial guidance, so a more tailored, life-stage-based advisory solution is needed, according to a study report by HSBC.
The obligatory cession for the financial year 2026-27 will be retained at 4% and will be entirely placed with the state-owned Indian reinsurer GIC Re.
Insurance claims related to liver diseases in India have doubled over the past three years and this surge reflects not only increasing disease severity but also the widening demographic and geographic spread of the disease, according to a new analysis by Indian health insurer Care Health Insurance.
Prudential Health India has appointed: Mr Amit Dave as CEO and Managing Director, subject to regulatory approval, and Mr Abhishek Saraf as COO.