India’s insurance sector is undergoing a significant regulatory shift as the Insurance Regulatory and Development Authority of India (IRDAI) moves intermediary oversight away from periodic registration and toward a model built around perpetual registration, continuous compliance and greater accountability.

After several years of sustained rate increases and tightening underwriting conditions, the commercial insurance market is demonstrably shifting. Multiple global indices now confirm that pricing has stabilized - and in come cases have even declined - marking a clear transition from the hard market conditions of 2020–2023.

MWB Global Risks Industry Guide: Understanding Multinational Insurance. As organizations expand through acquisitions, subsidiaries, joint ventures, and international operations, insurance programs often become fragmented. Without a coordinated global framework, businesses may face regulatory challenges, inconsistent coverage, claims disputes, coverage gaps, and limited visibility into their overall risk profile.

Since 2020, organizations have faced an unprecedented series of disruptions, including pandemics, geopolitical tensions, labour shortages, cyber incidents, extreme weather events, and transportation bottlenecks. Events once considered isolated have demonstrated the ability to trigger consequences across entire industries and regions. As a result, supply chain resilience has become a priority not only for operations teams, but also for executives, boards of directors, insurers

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