AXA XL, a leading global insurance and reinsurance provider, has announced the addition of three new members to its Energy team in the UK & Lloyd’s Business Unit. The new appointments are expected to further enhance the team’s capabilities in the energy insurance market. Josephine Stroud, who has been appointed as Senior Underwriter for Energy…
Non-life insurance industry sees robust growth of 16.4% driven by health and motor insurance, according to industry report. The non-life insurance industry in India has been experiencing robust growth, with the health and motor insurance sectors driving the demand. In FY23, the industry witnessed an impressive growth rate of 16.4%, surpassing the previous…
Life Insurance Corporation of India (LIC) has recorded a growth of 16.67% in total premium collected for fiscal year 2022-23, reaching a total of ₹2.32 trillion from ₹1.99 trillion in the previous fiscal year. This makes LIC the largest insurance company in India, with a market share of over 62%. The private insurance sector has…