Sunday, May 28, 2017

India

Doubts on HDFC Life, Max Life merger unresolved

Doubts on HDFC Life, Max Life merger unresolved

The proposed merger has not received any opinion from the country’s attorney general.

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DBS India inks two bancassurance deals

DBS India inks two bancassurance deals

The new partnerships are with Tata AIA Life and Birla Sun Life, after its agreement with Aviva India Life.

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Axis Bank seeks additional bancassurance partner

Axis Bank seeks additional bancassurance partner

India’s third largest private-sector bank is planning to bring its total number of life insurance partners to three.

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Irdai approves Gen Re R3 licence in India

Irdai approves Gen Re R3 licence in India

The R3 licence covers underwriting and risk management expertise locally rather than cross-border.

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SBI General Insurance posts first profit in seven years

SBI General Insurance posts first profit in seven years

The company attributed the rise in profits to improved risk selection and better expense-control measures.

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GIC Re names five banks for IPO

GIC Re names five banks for IPO

India’s state-owned reinsurer has selected HSBC, Citi, Deutsche Bank, Kotak and Axis as bookrunners for its listing.

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Philippine life market growing at rapid pace

Philippine life market growing at rapid pace

The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.

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India’s life market grows 26%

India’s life market grows 26%

LIC remained the top performer, generating total new premium of Rs1.243tn for the period.

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IRDAI to double capital requirements for brokers

IRDAI to double capital requirements for brokers

India’s insurance regulator is pushing for a series of stringent measures for the domestic insurance broking industry.

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India’s general insurance sector to grow 32%

India’s general insurance sector to grow 32%

Crop insurance and motor sales are projected to fuel growth in the financial year 2016-17.

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Religare sells 80% stake in health insurance arm

Religare sells 80% stake in health insurance arm

The Indian insurer has signed an agreement with investors for around Rs10.4b (US$161m).

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Regulator tells Fairfax to sell 25% stake in ICICI Lombard

Regulator tells Fairfax to sell 25% stake in ICICI Lombard

The Canadian insurer needs to sell the stake to be able to apply for a second licence in the general insurance industry.

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SBI to sell SBI Life stake through IPO

SBI to sell SBI Life stake through IPO

The State Bank of India will sell at least 8% of its current 70.1% shareholding in the life insurance arm.

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India mulls 100% foreign investment in broking

India mulls 100% foreign investment in broking

The government is planning to raise the limit from the current 49% to fund more development in the sector.

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United India Insurance eyes IPO

United India Insurance eyes IPO

The state-owned general insurer will go public after New India Assurance and GIC.

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Future Generali India, UCO Bank ink bancassurance deal

Future Generali India, UCO Bank ink bancassurance deal

The partnership will provide access to the bank’s clients in 3,060 branches across India.

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Fairfax approved for second Indian venture

Fairfax approved for second Indian venture

India’s insurance regulator has given initial clearance to its joint non-life venture with Oben General Insurance.

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Apollo Munich partners with Dena Bank for bancassurance

Apollo Munich partners with Dena Bank for bancassurance

The deal will see the Indian health insurer distributing its insurance products to 20 million new potential clients.

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