Archive · 29 Dec 2025
Insurance Industry Trends and Challenges in 2025
As 2025 comes to an end, the insurance industry in India is at a big turning point.
Naveen Chandra Jha, the CEO of SBI General Insurance, talked about the important trends and challenges in a special podcast.
He said the industry is expected to grow by 9–10% and that health insurance is becoming more popular.
There are also new rules coming up, like IFRS 17 and risk-based capital, which will change how insurance companies work.
Jha also talked about big challenges like climate risks, cyber threats, and the fact that many people don't have enough insurance.
He emphasized the need for new and innovative protection products to meet these challenges.
The insurance industry in India is expected to grow by 9–10% in 2025.
Health insurance is becoming the dominant type of insurance in the market.
Upcoming regulatory shifts include IFRS 17 and risk-based capital requirements.
Key challenges include climate risks, cyber threats, and underinsurance.
There is a need for innovative protection products to address emerging risks.
- Who
- Naveen Chandra Jha, MD & CEO of SBI General Insurance
- What
- Discussion on insurance industry trends and challenges
- When
- December 29, 2025
- Where
- India
- Why
- To provide insights into the future of the insurance industry
- Industry Growth
- 9–10%
- Dominant Insurance Type
- Health Insurance
- Upcoming Regulatory Shifts
- IFRS 17 and Risk-Based Capital
- Challenges
- Climate Risks, Cyber Threats, Underinsurance
- Innovation Focus
- Protection Products