Global insurance trends

What Can We Learn From The Latest India Insurtech Report?

The Editor had a read through the India Insurtech and Boston Consulting Group Report, published recently. What can we lear from the rapid transformation of the very traditional Indian insurance market over the last few […]

InsureTech

Indian Insurtech Moves Fast on Cyclone Claims

Digit Insurance, one of the fastest growing unicorns of 2021 in India, took quick steps to settle claims received from the disaster caused by the Tauktae and Yaas cyclones, affecting major parts of Kerala, Karnataka, Goa, Maharashtra […]

Global insurance trends

New Dawn Risk Publishes Report on Indian Agri-Sector

Lloyd’s broker New Dawn Risk has today launched its new report: Technology brings new opportunities for India’s crop insurance scheme The report details changes that have been made to the government-sponsored scheme during 2020, which […]

Global insurance trends

Partnerships: Sompo GI Joins With BSE Ebix on Indian Covid-19 Cover

Universal Sompo General Insurance Company Ltd, a joint venture between Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corp and Sompo Japan Insurance Inc, has announced its alliance with BSE Ebix Insurance Broking Private […]

News

Gallagher Offers COVID-19 Insurance for Indian Market, T&Cs Apply

International insurance and risk management organisation, Gallagher, has announced the release of a Pandemic Group Insurance product, introducing a comprehensive COVID-19 indemnity cover solution to the India market. For essential workers and front-line services including hospital and […]

Insurance & Reinsurance

IRDAI Approval Shows New Ideas Will Transform India’s Insurance Market

The approval granted earlier in January 2020 to around 15 companies to develop new insurance products in India shows how the market there is changing fast. For decades Indian insurance was paper based, usually sold […]

Global insurance trends

India: AIR Worldwide Launches Crop Risk Modelling Software

Catastrophe risk modelling firm AIR Worldwide (AIR) today announced that it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls for […]

Global insurance trends

Market Focus: India is The Perfect Place for Partnerships & New Ideas

For many years India had a very traditional insurance marketplace, with Life cover being central to the operations of most of the big players there. Government regualtion was strict, and companies from the USA or […]