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.
Markel, the insurance operation within Markel Group, has expanded its warranty and indemnity (W&I) insurance capabilities into APAC, with two new underwriting appointments in Hong Kong and India.
The Middle East conflict is materially impacting insurers and reinsurers through heightened accumulation of risks, tighter war, and reduced reinsurance capacity, said J B Boda Group Chairman, Mr Atul Boda.
India's Supreme Court ruled that amounts received under employer-provided group insurance or other social security benefits cannot be deducted from compensation awarded under the Motor Vehicles Act.