Saturday, November 18, 2017

India

India’s life insurers record 23% growth in first-year premium

India’s life insurers record 23% growth in first-year premium

The state-run Life Insurance Corporation remained the leader among the country’s life insurers.

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Indian general insurance premiums up 32%

Indian general insurance premiums up 32%

Private insurers ICICI Lombard General Insurance and Bajaj Allianz General Insurance led the growth.

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Fairfax buys stake in rival of Indian partner

Fairfax buys stake in rival of Indian partner

ICICI Lombard has agreed to allow the Canadian company to buy a 49% stake in nonlife startup Digit.

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Indian insurers bank on blockchain

Indian insurers bank on blockchain

Some 13 Indian insurance firms plan to use the technology to create a storehouse of policyholder data.

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Insurers to spur IPO bonanza in India

Insurers to spur IPO bonanza in India

Total fundraising from first-time share sales could balloon to Rs500bn (US$7.8bn) this year.

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Centrum Group gets broking licence in India

Centrum Group gets broking licence in India

The firm controlled by former Standard Chartered Asia chief Jaspal Bindra is expanding its insurance operation.

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Cigna raises stake in India JV

Cigna raises stake in India JV

An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.

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Reliance General Insurance to sell 10% stake through IPO

Reliance General Insurance to sell 10% stake through IPO

The Reliance Capital unit is the fourth general insurer in India to have announced its intention to list.

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Premiums of India’s non-life insurers up 9%

Premiums of India’s non-life insurers up 9%

The total surged to Rs97.91 billion (US$1.52 billion) in July, according to data from the insurance regulator released recently.

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Irdai cautions startups backed by PE firms

Irdai cautions startups backed by PE firms

The regulator has warned that private equity firms need to show proof that they will provide long-term support.

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Indian regulator surveys insurers on telematics

Indian regulator surveys insurers on telematics

Irdai is seeking a better understanding of how product design and pricing should work for mass adoption of telematics.

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Star Health Insurance plans US$470m stake sale

Star Health Insurance plans US$470m stake sale

The Indian insurer has reportedly appointed an investment bank for primary and secondary stake sales.

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HDFC Standard, Max Life call off proposed merger

HDFC Standard, Max Life call off proposed merger

Failing to secure regulatory approval in India, the two companies have cancelled their merger plans.

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Sahara Life to take regulator’s order to court

Sahara Life to take regulator’s order to court

The Indian group is resisting the regulator’s order to transfer its life business to ICICI Prudential.

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Indian insurers post 35% premium growth

Indian insurers post 35% premium growth

Impressive results were driven by the strong performance of health, motor and fire insurance.

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ICICI Pru in final stages of Sahara India Life takeover

ICICI Pru in final stages of Sahara India Life takeover

The two companies are in the final rounds of discussions, with completion expected soon.

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Promise over profits in India

Promise over profits in India

Less than a year after new rules to nurture domestic reinsurance capability, ITI Re is set to quit the business.

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Two state-owned insurers set to apply for IPO in India

Two state-owned insurers set to apply for IPO in India

GIC and New India Assurance are expected to tender their applications for initial public offerings within three weeks.

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