insurance sector News

ICICI Lombard Reports a Stellar 28% Surge in Q1 Net Profit, Reaching Rs 747 Crore

ICICI Lombard announced a 28% rise in Q1 net profit to Rs 747 crore, driven by higher capital gains and improved returns on equity, with gross direct premium income slightly up to ...

Irdai Establishes Expert Panels to Investigate Regulatory Violations in the Insurance Sector

Irdai forms expert panels to investigate regulatory violations by insurers and intermediaries, approves Kiwi General Insurance's R1 application, and sets future regulatory obligati...

Moody's Predicts Surge in FDI with 100% Insurance Sector Opening

Moody's Ratings forecasts a significant increase in foreign direct investment (FDI) into India's insurance sector if the government raises the FDI limit to 100%. This is expected t...