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News
India life premiums rise 17.45% to $16b in July 2026
2+ day, 4+ hour ago (198+ words) Policy and scheme volumes increased 4.34% to 7.41 million. India’s life insurers recorded $15.6b (INR1,556.3b) in new business premiums in the period to July 2026, up 17.45% from $13.3b (INR1,325.0b) a year earlier, according to provisional data from the Life Insurance Council. The number of policies and schemes…...
Singapore life insurance advisers capture 79.4% of new policies
1+ week, 3+ day ago (240+ words) The two channels facilitated 504,951 purchases. Advisory channels remained the main route for Singaporeans buying life insurance in the first half of 2026, with Financial Advisory (FA) Representatives and Tied Representatives accounting for 79.4% of all new policies purchased during the period. The…...
India insurance uptake lags despite stronger growth
2+ week, 2+ day ago (586+ words) Private life insurers raised their premium share to 43.3% in March 2026 from 38.2% four years earlier. India’s insurance penetration remains relatively slow despite economic expansion, but could be further supported by regulatory changes and increased foreign investment support. The report said India’s…...
India insurance premiums to grow 10.7% yearly: Allianz
4+ week, 5+ hour ago (444+ words) Average annual spending was only $97.7 per person in 2025. India is expected to become the world’s fastest-growing major insurance market over the next decade, with total premiums rising by about 10.7% a year. India was already among the world’s 10 largest insurance markets…...
Australia life insurers face 85 proposed code reforms
1+ mon, 1+ week ago (119+ words) CALI will issue its initial industry position by 30 September 2026. Australia’s life insurance industry has welcomed the final report of an independent review into its Life Insurance Code of Practice (Life Code), which contains 85 recommendations aimed at strengthening customer protections. The…...
India insurer Ageas Federal Life reports near‑perfect claim settlement ratios
1+ mon, 4+ week ago (147+ words) Three in four eligible claims were settled within seven days in FY2025–26. Ageas Federal Life Insurance reported a 99.82% individual claim settlement ratio for financial year 2025 to 2026, according to its latest public disclosures. The insurer also said 96.11% of eligible claims were settled…...
Philippine life insurers lift premiums 15% as density hits record
2+ mon, 2+ day ago (238+ words) Per capita insurance spending reached $70.15 in 2025 from $62.30 a year earlier. The Philippine life insurance industry experienced steady growth in 2025, as overall insurance penetration rate rose to 1.78% in 2025 from 1.67% the previous year, with the life insurance sector accounting for 1.44% of that…...
Ageas Federal raises annual bonus payout
2+ mon, 3+ day ago (111+ words) The total reached ₹202.80 crore for the 2025 to 2026 financial year. Ageas Federal Life Insurance has announced an annual bonus total of $21.4m (INR202.80 crore) for the 2025 to 2026 financial year. This is the 12th consecutive year the company has declared a bonus, representing a 15% increase…...
Global insurance premiums to reach $8.95t by 2035: Deloitte
2+ mon, 1+ week ago (431+ words) Growth will be driven by rising protection demand, digital innovation, underserved markets, and ageing populations. Global insurance premiums are expected to rise from about US$5.9t in 2024 to US$8.95t by 2035, as demand for protection grows and digital innovation reshapes how insurers…...
Digit Life claim payouts jump 59% in FY 2026
2+ mon, 2+ week ago (253+ words) The insurer paid $45.8m across 28,658 settled claims in its latest transparency report. Digit Life Insurance’s gross written premium rose to $199.0m (₹1,990 crore) from $131.6m (₹1,316 crore) the previous year, supported by a 38% growth in new business premiums. Total claim payouts escalated by 59.18% year-on-year (YoY)…...