India: Insurance

The Motor Vehicles Act of 1988 functions as a critical piece of beneficial legislation, designed to provide immediate financial succor to the dependents of victims of fatal road accidents.

The rapid expansion of global trade has made containerized shipping the backbone of international commerce. Within this system, shipments are typically categorized as Full Container Load...

The IRDAI first introduced the regulatory sandbox framework in 2019 with the objective of permitting controlled experimentation in the insurance sector while maintaining policyholder protection and orderly market development.

In our previous article on Managing General Agents (“MGAs”) in India, which can be accessed here, we noted that the statutory recognition of MGAs under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act 2025 (“2025 Amendment”) raised important questions for the GIFT City framework.

Due to the ongoing turmoil in the Middle East, many supply chain contracts are in disarray. The Strait of Hormuz has been cordoned off, through which approximately 20% of global petroleum liquids transit daily, driving up war-risk premiums and energy prices.

RGA International Reinsurance Company DAC, an Ireland-based life reinsurer entered into reinsurance arrangements with Indian insurers and received reinsurance premiums for assuming risk overseas.