India’s largest non-life insurer aims to grow in Asia, North America and the Middle East.
India
The bid to insure Air India’s 126-aircraft fleet will earn a premium of US$22.5 million.
MetLife has said that India’s life insurance industry to grow between US$350-400bn by 2020.
LIC has said that it plans to sell around 100,000 of the new policies within one month.
Aviva mulls raising stake in Indian JV
August 10
British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.
Industry veteran replaces Ashok Roy who retired at the end of July.
Indian state flag carrier was faced with a 15% rise in premiums last year.
The Competition Commission of India found four insurance firms guilty of rigging a tender in Kerala in 2009.
India could relax rules as insurance broking is not a “capital-intensive business”, says government.
Currently 75% of cancer patients in the country pay for their own treatment.
Improved market scenario and government efforts to improve insurance penetration in the country, cited as factors.
24 life insurance companies said to have joined the programme to detect and prevent fraudulent claims.
SBI to sell a 10% and 23% stake in life insurance and general insurance subsidiaries to foreign partners.
The majority of the premium growth came from the four state-run general insurers.
State-owned and private insurance companies are expected to join in the aggressive bidding.
Plans to raise the solvency margin to up to 200% for group health.
Risk manager bridges funding gap, according to reports.
Considers the possibility of setting up a branch in India as a reinsurer.
Partner Content
Swiss Re: Solutions that make an impact
The industry needs to start doing things differently to help build a safer, more efficient, resilient future.
Peak Re: Unlocking opportunity in India
The right reinsurance partner can help to take advantage of the growth potential in India’s insurance market.
White Papers
Allianz AGCS The Rise of Artificial Intelligence
Future Outlook and Emerging Risks
EY: Global insurance M&A themes, 2018
Moving from optimization to transformation
Print Edition
WINTER 2017
Defending Asia's evolving risks
