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News
Indian life insurance industry to grow 11-12% in FY27: Emkay Report
6+ day, 6+ hour ago (173+ words) Asianet Newsable For the April-August period, industry retail APE increased around 14 per cent, with private insurers growing 13 per cent and LIC recording 15 per cent growth. LIC's retail weighted received renewal premium (RWRP) market share also improved by around 40 basis points…...
Insurance premiums cross Sh466b mark as penetration grows to 2.6pc
1+ week, 4+ day ago (566+ words) Kenya’s insurance industry recorded strong growth in 2025, with gross direct premiums rising 16.5 per cent to Sh466.58 billion, up from Sh400.59 billion in 2024. This is according to the Insurance Regulatory Authority's (IRA) 2025 annual insurance industry statistics report for the year ending December 31, 2025, released…...
Finance Ministry asks public sector general insurers to improve insurance penetration, reduce claim ratios
1+ week, 4+ day ago (430+ words) Devdiscourse Finance Ministry asks public sector general insurers to improve insurance penetration, reduce claim ratios The Finance Ministry on Wednesday asked public sector general insurance companies to improve insurance penetration and reach underserved areas while taking steps to bring down…...
CIC Insurance Profit Jumps 70pc to Sh1.09 Billion in Half Year
1+ week, 5+ day ago (446+ words) CIC Insurance Group has reported a 70.3 percent increase in profit after tax to Sh1.09 billion for the six months ended June 2026, supported by stronger investment returns and growth in its insurance business. Profit before tax rose 30.2 percent to Sh1.56 billion, while insurance…...
SBI General Insurance Carries Strong Growth Momentum into Q1 FY27, with GDPI up by 10.9%
1+ week, 6+ day ago (357+ words) Business Standard NewsVoirMumbai (Maharashtra) [India], September 1: SBI General Insurance, one of India's leading general insurance companies, continued its growth momentum in the Q1 of FY27, carrying forward the momentum established in FY26 The Company continued to strengthen its business across key segments, supported…...
Prestige Assurance pays N15bn claims as insurance revenue rises by 28.3%
3+ week, 3+ day ago (440+ words) L-R: Umesh Rathod, managing director/CEO; Funmi Oyetunji, board chairman; and Chidinma Ibe-Lious, company secretary, all of Prestige Assurance Plc during its Annual General Meeting held in Lagos Underwriting firm, Prestige Assurance Plc, paid N15.53 billion in claims to policyholders in…...
India's non-life insurance growth seen moderating as commercial segments weigh on premiums: Kotak Securities
3+ week, 3+ day ago (84+ words) Pidilite's ROFF launches quirky new campaign spotlighting the importance of the right tile installation solutions Kkings Events Wins Two Platinum Awards at the Prestigious WeddingSutra Awards Dr. Huzaifa Khorakiwala and Akbar Khan launch the global journey of 'Taj Mahal - An…...
Indian insurance sector poised for stronger year despite weak stocks
3+ week, 4+ day ago (222+ words) India's insurance sector could see a stronger year ahead as life insurers post robust growth and health insurers benefit from improved new business and lower claims, even as insurance stocks have remained under pressure, according to a report by Kotak…...
Bright Prospects for India's Insurance Sector Amid Robust Growth | Business
3+ week, 4+ day ago (222+ words) Bright Prospects for India's Insurance Sector Amid Robust Growth Devdiscourse Bright Prospects for India's Insurance Sector Amid Robust Growth India's insurance sector shows promising growth as life insurers see significant premium growth, and health insurers benefit from new business. Despite…...
Insurance sector set for stronger year as life, health insurers post robust growth: Kotak
3+ week, 3+ day ago (81+ words) The Festive Countdown Begins with California Walnuts US Fed Minutes signal rate hike debate as inflation risks persist; 3 officials favoured 25-bps increase Institutional investors' share in Nifty 50 falls to record low of 56.1% amid shift to mid and smallcap stocks: Report…...