Wednesday, February 21, 2018

India

Disrupting India’s insurance industry

Disrupting India’s insurance industry

PolicyBazaar co-founder Yashish Dahiya discusses the challenges of bringing transparency to Indian insurance buyers.

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India’s health protection gap among Asia’s biggest

India’s health protection gap among Asia’s biggest

India’s health protection gap is projected to rise by 12.3% annually and reach US$214 billion by 2020.

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India to list state-owned general insurers

India to list state-owned general insurers

Finance minister Arun Jaitley plans to sell off four non-life companies fully owned by the government.

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India considers automatic FDI approval

India considers automatic FDI approval

The government is reportedly looking at automatic approval for 49% ownership for foreign direct investments.

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Insurance regulators in India and UAE ink bilateral pact

Insurance regulators in India and UAE ink bilateral pact

The agreement provides for sharing of insurance information amid interest from many other countries in India.

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India likely to keep cap on brokers’ commissions

India likely to keep cap on brokers’ commissions

The local regulator has said that it cannot easily remove the existing caps on commissions and other remunerations.

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Indian firms forecast rise in catastrophe premiums

Indian firms forecast rise in catastrophe premiums

Expected hike estimated to be up to 20% for next fiscal year.

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India’s LIC sees market share plunge in December

India’s LIC sees market share plunge in December

The fall is attributed to the lack of a unit-linked insurance plan when India’s stock markets recovered last year.

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GIC Re to open China branch

GIC Re to open China branch

The office will open within the next two to three months, according to chief managing director Alice Vaidyan.

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GIC appoints first woman head

GIC appoints first woman head

Alice Vaidyan has been named chief managing director of GIC Re, joining a list of women CEOs in India.

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XL Catlin to open reinsurance branch in India

XL Catlin to open reinsurance branch in India

The decision to pursue a licence is part of a strategy to expand its presence in emerging markets.

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Mitsui Sumitomo raises stake in India JV

Mitsui Sumitomo raises stake in India JV

Japanese firm increases stake in Cholamandalam MS General Insurance to 40%

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India’s general insurance penetration drops to 0.70%

India’s general insurance penetration drops to 0.70%

Slower economic growth and entry of life players into the general market, attributed says GIC

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Sun Life plans to raise stake in Indian JV

Sun Life plans to raise stake in Indian JV

The Canadian insurer is the latest foreign player to raise its stake in an Indian life insurance JV.

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AXA ups it stake in Indian joint ventures

AXA ups it stake in Indian joint ventures

The French insurer has raised its stake to 49% in both its life and general insurance JVs with Bharti.

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IRDA fast-tracks entry of Lloyd’s in India

IRDA fast-tracks entry of Lloyd’s in India

The Insurance Regulatory and Development Authority of India is paving the way for an onshore presence.

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SBI Life likely to become India’s first insurance IPO

SBI Life likely to become India’s first insurance IPO

It could beat HDFC Life to become the first Indian insurer to list directly on a local stock exchange

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India’s non-life association puts up fraudster database

India’s non-life association puts up fraudster database

The list will focus on cases of attempted fraud and policyholders whose names turn up in multiple claims.

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Nina Klingspor, Allianz Global Corporate & Specialty

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