The Indian financial authorities aim to advance the insurance-linked securities (ILS) and catastrophe bond framework within India, specifically through the GIFT-IFSC jurisdiction.
Hannover Re has appointed Mr Prateek Maheshwari as CFO of its India branch.
Abu Dhabi National Insurance Company (ADNIC) is set to open a new branch in the International Financial Services Centre (IFSC) in GIFT City in Gujarat in India.
Guy Carpenter has appointed Mr Ankur Mehta as Managing Director for India. With over two decades of experience in the region, Mr Mehta brings extensive expertise in strategy development and cross-functional team leadership within the insurance and reinsurance sectors.
Indian Finance Minister Ms Nirmala Sitharaman will present the country's Budget for the financial year ending 31 March 2027 (FY2027) to the Indian Parliament on 1 February 2026. The insurance industry expects a lot from this Budget, as it is already buoyed up by the recent reforms by the government.
Tata AIA Life Insurance has updated its long-term savings plan, Fortune Guarantee Supreme, to make saving easier and more predictable.
The role of IFSCA- IRDAI GIFT City in advancing India's aspiration to become a global reinsurance hub is extremely important as India stands at the cusp of transformative growth in the vital sector of reinsurance, according to the Secretary of the government's Department of Financial Services.
The Indian insurance sector is poised for robust mid-term growth, supported by solid macroeconomic fundamentals and rising consumer demand, according to Swiss Re's report "India's Economic and Insurance Market Outlook 2026 2030: Resilient and Rising Amid Global Shifts".
Saudi Reinsurance Company (Saudi Re) yesterday launched a branch in Gujarat International Finance Tec-City (GIFT City) in Mumbai, having obtained the approval of the Saudi Insurance Authority and the relevant Indian authorities to open the branch to conduct reinsurance business.
SBI Life Insurance has launched 'SBI Life - Smart Platina Advantage', an individual, non-linked, non-participating life insurance savings product that offers long-term guaranteed benefits along with life insurance protection throughout the policy term.