Insurance Sector

The Appointments Committee of the Cabinet has approved the appointment of LIC's Dinesh Pant and New India Assurance's Girija Subramanian as members of Irdai

The recent trend of CEOs exiting general insurance companies to pursue entrepreneurial ventures highlights the untapped investment potential in the sector, as India continues to remain an under-penetrated market. Some of the sector's most experienced professionals have moved away from established institutions and found funding support coming from the private equity side. For example, Neelesh Garg, former MD & CEO of Tata AIG General Insurance, has co-founded Kiwi General Insurance alongside US-based private equity firm WestBridge Capital. WestBridge holds approximately 70 per cent of the entity, with Garg holding a 30 per cent stake. Insurance regulator, IRDAI, granted Kiwi its certificate of registration in March 2026. Three months later, HDFC Ergo General Insurance MD and CEO Anuj Tyagi quit to pursue entrepreneurial aspirations. Subsequently, Anup Rau stepped down in March this year from the position of MD and CEO of Generali Central Insurance after a seven-year tenure that saw

Irdai's revised compensation norms linking executive pay to customer outcomes and compliance metrics have sparked concerns over growing regulatory intervention

The insurer currently has around 350,000 customers and plans to increase annual customer additions from nearly 25,000 at present to 50,000 initially, before gradually scaling up to 75,000

The insurance regulator has revised remuneration norms for senior executives, mandating stronger focus on claims settlement, grievance redressal and policyholder outcomes

LIC reported a 23 per cent rise in fourth-quarter profit on higher premium and investment income, while FY26 profit touched a record Rs 57,419 crore

Regulator's action follows unmet 'expense of management' targets

Anand Roy talks regarding its ambitious plans to focus on tier II and tier III cities, the rising role of artificial intelligence, and security measures after the data breach incident

Experts said lack of a strong bancassurance or agency network could remain a structural hurdle for Bharti Life Insurance, even as Prudential brings capital strength and experience in India

Irdai said fresh regulations and amendments to existing insurance norms will be completed within six months of implementing the amended insurance law framework

SBI Managing Director Ashwini Tewari says insurance firms should prioritise protection products over ULIPs and calls for stronger safeguards against mis-selling

Zero GST on retail health insurance boosts affordability, driving a sharp shift toward high-value policies as rising medical costs push demand for larger coverage

Chubb, Old Mutual, Tiger Global Management, and Bain Capital are assessing India opportunities

Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

Rising geopolitical tensions are driving higher premiums, tighter underwriting and reinsurance costs, making risk pricing a structural shift for India's insurance sector

India's white-collar hiring grew by 6 per cent year-on-year in April this fiscal, mainly driven by insurance, BPO/ITeS, and real estate sectors, according to a report released on Friday. Insurance led the sectoral hiring by registering 21 per cent year-on-year growth, followed by BPO/ITES (15 per cent), real estate (12 per cent), healthcare (11 per cent), and education (9 per cent), according to the Naukri JobSpeak Index report. However, telecom and banking sectors continued their four-month decline, falling to 11 per cent and 10 per cent, respectively, in April, while IT, pharma and auto remained largely flat, the report said. Even hiring in the Global Capability Centre (GCC) witnessed a 4 per cent dip in April, it added. The Naukri JobSpeak Index report is a monthly index that tracks trends in India's job market and hiring activities. When it came to geographies, among the top metros, southern cities dominated the trajectory, with Hyderabad recording 12 per cent growth, followed

Irdai's 'Insurance for All by 2047' vision aims universal coverage, but falling penetration, rural access gaps and affordability challenges raise questions over achieving the target

SBI General targets 10% private market share, banking on retail growth and disciplined underwriting despite pricing pressures and rising acquisition costs

Irdai Chairman Ajay Seth advocates smart regulation and deregulation to balance compliance with growth and strengthen economic activity in India

SBI Life Insurance reported a marginal decline in Q4 FY26 profit, while premium income rose 16 per cent year-on-year amid improved demand and evolving product mix