The IRDAI has approved the acquisition of bankrupt Reliance Capital's life, general, and health insurance units by the conglomerate, the Hinduja Group, moving the group closer to finalising its deal for the insurers.
Shenergy Property & Casualty Insurance Co has opened officially for business, marking the occasion with an inauguration ceremony on 9 May.
Qatar's listed insurance companies posted a combined net profit of QAR387.57m ($106.5m) for the first quarter of this year, according to quarterly financial statements published by the companies.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive making it mandatory for all life, general and stand-alone health insurers to provide a minimum level of coverage in villages or gram panchayat. The objective is to realise the vision of "Insurance for All" by 2047.
Growth in Malaysia's general insurance market is expected to rebound in 2024, said data and analytics company GlobalData.
New nationwide research from insurers AMI, State and NZI reveals that climate concerns have grown to the point that 86% of people would now consider climate risk when choosing a home, compared to 55% only two years ago, said IAG New Zealand.
Total premium production of insurance companies in the January-March period of 2024 increased by 91.8%to TRY199.3bn ($6.15bn) in nominal terms compared to the corresponding quarter of last year, according to data compiled by the Insurance Association of Turkiye (TSB) from member companies.
Pune-based online insurer Go Digit General Insurance (Go Digit) has announced that it has fixed the price range for its initial public offer (IPO) at INR258 ($3.09) to INR272 per equity share.
Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
The National Financial Regulatory Administration (NFRA) has granted approval to Shenzhen BYD Property Insurance to adopt statutory automobile liability insurance (SALI) terms and premium rates in eight markets in China.