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Industry News

IRDAI panel proposes pandemic risk pool with $10bn government guarantee

September 19, 2020

A working group set up by IRDAI has recommended to set up a pandemic risk pool for India. The report…

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Quakes arouses interest in insurance

August 12, 2020

Frequent low-intensity earthquakes are prompting people living in the National Capital Region (NCR) to look for home insurance, according to…

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Seasonal monsoon floods inflict US$20bn economic toll in Asia

August 8, 2020

An active monsoon season prompted more than $20bn in flood-related damage in parts of China, Japan, India and Bangladesh during…

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Youngsters rushing for short-term health cover

July 31, 2020

Based on early data from insurers, 43% of the buyers of the standard short duration COVID-19 policy sold by all…

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Indian State Owned Insurers Get Fund Injection

July 18, 2020

The Indian government has decided to inject $2.3 bn into three state owned general insurers. National Insurance, Oriental Insurance and…

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Health insurers cannot contest claims after 8 years of premium payments

June 17, 2020

Health insurance companies will not be allowed to contest claims once the premiums on a policy has been paid for…

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Indian Govt Reviews Need For Nat CAT Pool

June 5, 2020

The Indian government is likely to reassess the need to establish a natural catastrophe insurance pool due to mounting economic…

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IRDAI Panel proposes increase in trade credit insurance cover

May 28, 2020

A working group formed by the insurance regulator IRDAI has proposed several changes to improve the credit insurance market and…

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Insurance Ownership Among Women Increasing

May 11, 2020

Women in urban India registered a sharp increase in life insurance ownership and awareness over the last 12 months, according…

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Coronavirus and Event Cancellation

March 13, 2020

It is increasingly likely that the Olympic games in Tokyo will fall victim to the coronavirus, in what would almost…

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