Insurance Sector

Canara HSBC Life Insurance to expand tieups, says MD & CEO Anuj Mathur

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

Geopolitical risks no longer rare for India's insurance industry

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

Hiring activity up 6% in April, insurance sector provides top boost: Report

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

Insurance for All by 2047: What India needs to fix to meet the goal

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 eyes 10% mkt share in private insurance: Naveen Chandra Jha

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

Regulations should minimise non-compliance, boost activity: Irdai chief

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

SBI Life Q4 net profit slips 1.1% to ₹804 cr; premium income rises 16%

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

Fallout of DFS comments: Shares of SBI Life, Canara HSBC Life tumble

Life insurance stocks decline after DFS suggests banks avoid exclusive tie-ups, raising concerns over bancassurance models and potential impact on costs and margins

Parliamentary committees on insurance must expand scope, sharpen focus

As India's insurance sector evolves, experts call for a dedicated parliamentary panel to address emerging risks, consumer protection and regulatory gaps

Irdai seeks detailed data on distributor commission of life insurers

Insurance companies have shared the data on distributor commissions with Irdai as the regulator reviews distribution models amid concerns over high costs but are yet to get a response

ICICI Lombard Q4 profit rises 7% on strong health insurance demand

The insurer's profit after tax rose to 5.47 billion rupees ($58.55 ​million) for the three months ‌ended ​March 31, ‌from 5.10 billion rupees ‌a year ‌earlier

GST-led ITC loss, market volatility may reflect in insurers' earnings

GST-led input tax credit loss and weak equity markets may weigh on insurers' Q4 FY26 profitability, with life insurers facing sharper impact while general insurers see demand support

System readiness gaps: Insurers likely to seek forbearance for 1 year

Most insurers may seek one-year relief from Ind AS transition deadline as system readiness and automation gaps persist despite progress on proforma submissions

Excess capacity, lower losses drive steep decline in reinsurance rates

Reinsurance rates soften sharply in latest renewal cycle, with property premiums dropping up to 90 per cent amid excess capacity, lower losses and rising competition

Irdai forms joint expert group to guide insurers on Ind AS transition

Irdai forms a joint expert group to guide insurers on Ind AS transition, addressing implementation challenges, audit clarity, and actuarial roles

Irdai notifies Ind AS norms for insurers; allows one-year forbearance

Regulator allows one-year forbearance and extends parallel reporting to two years as insurers transition to Ind AS framework from April 2026

Strait of Hormuz opens to ships but marine covers to stay pricey

Insurance brokers say war-risk premiums will remain elevated as uncertainty persists in West Asia despite Iran allowing passage for non-hostile vessels through Hormuz

Soft landing for aviation insurance premiums amid benign loss trends

Aviation insurance rates have softened due to excess reinsurance capacity and lower global losses, though geopolitical risks continue to influence underwriting conditions

Bima Sugam to roll out standardised life, health, motor insurance this year

Bima Sugam to introduce standardised motor, health and life products this year, while Irdai plans a Public Insurance Repository to enhance data infrastructure and analytics

HDFC ERGO General Insurance appoints Parthanil Ghosh as MD & CEO

HDFC ERGO General Insurance appoints Parthanil Ghosh as managing director and chief executive officer from April 16, subject to regulatory approvals