Wednesday, September 20, 2017

India

India’s nuclear insurance pool may be launched this year

India’s nuclear insurance pool may be launched this year

Indian government expected to put in some resources.

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JLT plans India expansion

JLT plans India expansion

Plans to invest up to INR1bn (US$15.6m) while Pune office expected to hire 300.

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India now requires promoter to hold 26% in insurance firm

India now requires promoter to hold 26% in insurance firm

Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.

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India’s general insurance industry sets US$15bn premium target this year

India’s general insurance industry sets US$15bn premium target this year

Increase in third-party motor premiums and fire and property premiums seen as factors.

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High capital requirement awaits regional insurers in India

High capital requirement awaits regional insurers in India

Draft amendment requires all new entrants to maintain a minimum capital of INR1bn (US$15.7m).

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India’s nuclear insurance initiative attracts foreign firms

India’s nuclear insurance initiative attracts foreign firms

Overseas firms showing interest to being part of the initiative.

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1 in 4 customers in India unlikely to renew with same provider

1 in 4 customers in India unlikely to renew with same provider

Up to 60% insurance customers are truly loyal to their insurance providers, according to report.

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India’s creeping reforms could bring US$10bn investment

India’s creeping reforms could bring US$10bn investment

India has a history of disappointing foreign investors, but its latest reforms to the insurance industry are welcome progress.

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India’s insurance employees’ union oppose hike in FDI

India’s insurance employees’ union oppose hike in FDI

Increase would mean handing over the hard earned savings of the people to foreign capital, says AIIEA.

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After Nepal quake, Indian insurers seek mandatory building code

After Nepal quake, Indian insurers seek mandatory building code

Authorities asked to make earthquake-resistant construction codes mandatory.

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India’s largest reinsurer assessing earthquake losses in Nepal

India’s largest reinsurer assessing earthquake losses in Nepal

GIC Re sends a team of 10 surveyors to Nepal.

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Reinsurance Group of America names India head

Reinsurance Group of America names India head

Thomas Mathew appointed Managing Director and Chief Executive of RGA India.

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India’s general insurance growth hits three-year low

India’s general insurance growth hits three-year low

Slump in auto sales and lack of new projects reasons for single digit growth.

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Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japanese life insurance giant had shown interest in raising its stake from 26% to 49% before the bill was passed.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers