Friday, April 27, 2018

India

India starts merger process of three state insurers

India starts merger process of three state insurers

The proposed merger has been set in motion, though the government has yet to lay out a roadmap.

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APAC bancassurers tap blockchain to improve offerings

APAC bancassurers tap blockchain to improve offerings

Banks in the region continue to leverage the technology to improve and expand their insurance offerings.

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India’s insurance regulator may have new chief in May

India’s insurance regulator may have new chief in May

Life Insurance Corporation’s VK Sharma and New India Assurance’s G Srinivasan seen as top contenders.

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Indian consortium to develop data-sharing blockchain

Indian consortium to develop data-sharing blockchain

The consortium of life insurance companies has partnered with IT services firm Cognizant Technology Solutions.

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India’s general insurers book 17% direct premium growth

India’s general insurers book 17% direct premium growth

Private sector general insurers recorded even stronger growth of 21.6% during the financial year just ended.

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Indian mortgage lender HDFC to acquire Apollo Munich

Indian mortgage lender HDFC to acquire Apollo Munich

India’s largest mortgage lender is reportedly in advanced negotiations to pay around US$150m for the joint venture.

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India’s public-sector merger put off to next year

India’s public-sector merger put off to next year

The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.

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SBI Life names new CEO

SBI Life names new CEO

Sanjeev Nautiyal will head the joint venture between State Bank of India and BNP Paribas Cardiff.

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Three state-owned Indian insurers undergo merger review

Three state-owned Indian insurers undergo merger review

National Insurance, United India Insurance and Oriental India Insurance will merger within the next six months.

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Goldman Sachs eyes Indian insurance acquisition

Goldman Sachs eyes Indian insurance acquisition

The Wall Street bank’s private equity unit is reportedly in talks to buy a minority stake in Royal Sundaram.

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India awaits new regulator

India awaits new regulator

The government is currently interviewing candidates vying to become its next regulatory chief.

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India’s Videocon to divest insurance unit

India’s Videocon to divest insurance unit

The company is selling its stake in Liberty Videocon General Insurance to Diamond Dealtrade and Enam Securities.

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Paytm seeks insurance licence

Paytm seeks insurance licence

The online payments company is set to file an application to operate as a life and general insurer.

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Indian insurers enjoy big sales hike

Indian insurers enjoy big sales hike

Premiums surged 14% year-on-year to US$64b, according to the latest data from Irdai.

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HDFC seeks to acquire Apollo Munich

HDFC seeks to acquire Apollo Munich

India’s biggest mortgage firm has entered into the talks as part of a new push for growth through acquisitions.

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IAG sees ‘limited’ Asia opportunities

IAG sees ‘limited’ Asia opportunities

The Australian group is conducting a strategic review of its US$630m investment in the region.

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India market to reach US$280bn by 2020

India market to reach US$280bn by 2020

Vice-president Venkaiah Naidu cited the country’s rosy economic prospects as a driver for the insurance industry.

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China, India priority markets for UK insurers after Brexit

China, India priority markets for UK insurers after Brexit

The Association of British Insurers has said the two nations will be key targets after departure from the EU in 2019.

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