Global insurance trends

New Report Looks at GI Market in India

How’s the GI market in India doing? It’s good to keep tabs on this huge insurance market, as companies there switch from paper to digital based systems and product offers. Here’s GlobalData’s take on GI; […]

Global insurance trends

India Life Market Trends & Data: New Report Published

The latest market snapshot from GlobalData; India’s life insurance industry is set to grow at a compound annual growth rate (CAGR) of 10% from INR9.3 trillion ($151.7 billion) in 2024 to INR13.5 trillion ($216.1 billion) […]

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

GlobalData Sees Strong Cyber Insurance Growth in India

The Insurance Regulatory and Development Authority of India’s (IRDAI) plan to standardize cyberinsurance product is expected to give impetus to its growth in the country, according to GlobalData, a leading data and analytics company. There […]

Insurance Regulation

India: IRDAI Stands Firm on Corona Claims – Insurers MUST Pay Up

India’s insurers are braced to expect a raft of claims as Coronvirus sweeps across the country, and the regulator IRDAI insists that healthcare and hospital claims WILL be met for all COVID-19 sufferers. At present […]

Global insurance trends

India: State Owned Insurers Losing Share, As Insurtech Changes Everything

India is a rapidly changing insurance market, as IE has reported in the past.The old ways of buying life or crop insurance from a local agent face-to-face are declining. New start-ups, and outside companies, are […]