Tamil Nadu Government Extends New Health Insurance: In a significant move to ensure continued healthcare protection for its workforce, the Tamil Nadu government has extended the New Health Insurance Scheme (NHIS), 2021 by another year. Initially set to expire on June 30, 2025, the scheme will now remain in force till June 30, 2026, offering…
This Week in Insurance: The Asia-Pacific insurance landscape witnessed significant developments during the week of May 19–23, 2025. Two prominent leadership changes at Prudential plc highlight a strategic push to strengthen operations across emerging markets. Naveen Tahilyani has been appointed as the Regional CEO overseeing India, Africa, the Philippines, Cambodia, Laos, and Myanmar, effective July…
Insurers Likely to Prefer Bond Forwards: The insurance industry in India is witnessing a significant shift in interest-rate risk hedging strategies. The Insurance Regulatory and Development Authority of India (IRDAI) has recently allowed insurers to undertake bond forward transactions, a move that is expected to replace the traditional use of forward-rate agreements (FRAs). This regulatory…
Patanjali and DS Group Acquire Magma General Insurance: The general insurance industry in India is witnessing a significant transformation with the latest acquisition of Magma General Insurance by Baba Ramdev-led Patanjali Ayurved and Dharampal Satyapal Group (DS Group). This strategic move marks Patanjali’s entry into the financial services sector, expanding beyond its traditional stronghold in…
