Browsing: insurance

Several factors are expected to boost the growth of India’s non-life insurance market over the medium term.

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a warning to insurance companies regarding rising commission payouts, which are contributing to increased premiums for customers. The regulator has urged insurers to take corrective action.

ICICI Prudential Life Insurance has introduced ICICI Pru GIFT Select, a new savings plan offering guaranteed income and inflation-adjusted returns to help customers navigate uncertain economic times.

Shriram Life Insurance has announced a strategic partnership with JM Financial Services to increase the accessibility of life insurance products.

A bill proposing universal windstorm coverage through Florida’s Citizens Property Insurance Corp. has been withdrawn, with a potential feasibility study under consideration.

Shriram Life Insurance teams up with JM Financial Services to make life insurance products more accessible to customers.

Leaders in the Florida House and Senate have outlined their priorities for the upcoming legislative session, with homeowners’ insurance and agriculture taking center stage.

The Insurance Regulatory and Development Authority of India (IRDAI) has cautioned insurance companies regarding elevated commission payouts, which are contributing to higher premiums for consumers. The regulator has mandated corrective action to curb these commissions, or face potential limitations.

In 2023, MetLife, headquartered in New York, led the U.S. life and health insurance market with $92 billion in direct premiums written. The following data shows the leading companies from 2019 to 2023.

AM Best’s report highlights the resurgence of Thailand’s non-life insurance sector, driven by increased premiums and improved underwriting gains.