Global insurance trends

India: Gallagher Acquires Remainder of Edelweiss Brokers

Arthur J. Gallagher & Co. recently announced that it has purchased the remaining shares of Edelweiss Gallagher Insurance Brokers Limited from Edelweiss Financial Services Limited, following a minority investment in 2019. Terms of the transaction […]

InsureTech

Deals: Digit Insurance Announces $200m Fundraising Round

Latest from Digit; Digit Insurance, an Indian general insurance company offering health, car, bike, and travel insurance, is raising up to $200M with existing investor Faering Capital and new investors Sequoia Capital India, IIFL Alternate Asset Managers and […]

Global insurance trends

GlobalData Forecasting Life Sector Growth in India

The life insurance industry in India is projected to grow from INR5.7 trillion (US$81.4bn) in 2019 to INR8.0 trillion (US$98.5bn) in 2024, in terms of gross written premium (GWP), according to GlobalData, a leading data, […]

News

Admiral Donates to UNICEF, Despite Charity’s Chequered Past

The UK Committee for UNICEF (UNICEF UK) has received a generous donation from Welsh financial services company, Admiral, in support of its efforts to tackle the ongoing devastation being caused by COVID-19 in India. Admiral, […]

Global insurance trends

Kia Has Ambitious Plans For India

Despite the terrible impact of the Covid virus in India, it remains a superpower economy, with over 1.3 billion people. There is a rapidly growing automotive, insurtech and sustainable transport sector too and these strands […]

Global insurance trends

India Market: IRDAI Ruling Will Boost Insurance Take-Up

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated all general and health insurers in the country to offer standard personal accident insurance ‘Saral Suraksha Bima’ from 1 April 2021. This product with […]

Global insurance trends

Atradius Sees Variable Recovery From Pandemic

The global economy is forecast to recover almost fully from the pandemic-driven recession but there are major divergences in the pace of recovery across the world, report economists from trade credit insurer Atradius. The latest Atradius Economic […]