India Launches Credit Risk Insurance for Shipbuilders With ECGC, New India
India’s Ministry of Ports, Shipping and Waterways has rolled out two government-backed credit risk insurance products to protect domestic shipyards against buyer defaults and delayed milestone payments. Backed by a ₹1,443-crore sovereign corpus and underwritten by ECGC and New India Assurance, the policies aim to de-risk multi-year vessel construction. India’s
Florida Approves 7% USAA Auto Insurance Rate Cut for 498K Policies
Florida Insurance Commissioner Mike Yaworsky has approved an average 7% florida auto insurance rate decrease for USAA Group, lowering premiums across more than 498,000 policies. Backed by the lowest personal auto liability loss ratio in the United States, the move reflects a broader softening across Florida’s auto, homeowners, and condominium
CoverGo Raises $6M Series B1 to Scale AI Insurance Platform
Global InsurTech provider CoverGo has secured US$6 million in the initial close of its Series B1 round led by Betatron Venture Group. Having reached EBITDA breakeven and grown revenue tenfold since 2022, the company plans to expand its AI insurance platform across distribution, policy administration, and claims. Global insurance technology
Indians Travelling to UAE Advised to Buy Medical Insurance With Repatriation Cover
Following recurring cases of Indian travellers and expatriates facing crippling hospital bills during health crises in the United Arab Emirates, Indian diplomatic missions have issued an urgent advisory. Authorities are urging all visitors and residents to secure comprehensive UAE medical insurance for Indians that explicitly includes medical repatriation coverage. Indian
India Property Insurance Rates Fall Up to 45% as Capacity Surges
Corporate insurance buyers in India are experiencing some of the sharpest premium reductions globally in 2026. Driven by excess underwriting capacity and the removal of historical tariff benchmarks, India property insurance rates dropped up to 45% for select clients, alongside steep declines in cyber and executive liability cover. Corporate insurance
Why Are Insurers Pulling Back on Motor Third-Party Cover? The Unintended Ripple Effect of a Landmark Supreme Court Ruling
If you’ve ever renewed your car or bike insurance, you know the drill: Own-Damage (OD) cover is optional, while Third-Party (TP) cover is strictly mandatory by law. Because every vehicle on Indian roads legally requires third-party coverage, you would naturally expect it to be the fastest-growing—or at least the steadiest—segment
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