Country: India Page 14 / 45
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- December 21 2022
Burning costs are not mandated risk rates, clarifies IRDAI
Industry breakeven cost is only a reference point to understand claims experience in fire perils across the industry, the regulator said.
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- December 19 2022
PE firm leading the race for Aditya Birla Insurance Brokers: report
Samara Capital is reportedly in advanced talks to buy the Indian conglomerate's broking arm for about US$123m.
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- December 16 2022
Santam retains India, Malaysia operations following Sanlam-Allianz deal
The African financial services group holds a 23% stake in India's Shriram General Insurance and 49% of Malaysia's Pacific & Orient Insurance.
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- December 14 2022
India’s LIC and state-owned general carriers could merge for better synergies: Jefferies
Global experience is in favour of composite insurers with benefits in terms of cross-selling, operational synergies and diversification, the report claims.
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- December 13 2022
Aditya Birla Group puts broking arm up for sale: report
India's Aditya Birla Insurance Brokers had placed US$590m in premiums in FY 2021.
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- December 12 2022
Reliance seeks US$72m urgent capital infusion
The carrier is seeking the capital to preserve business, enhance value and improve solvency to 175%.
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- December 2 2022
IRDAI’s liberalisation agenda raises risk of insurer failures
Wide-ranging reforms will ease the path to markets, but excess capacity could also lead to greater competition.
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- December 1 2022
Generali’s Rob Leonardi eyes leading market position in Malaysia
As the insurer triples its regional P&C revenue, it is also in advanced talks to find new Indian JV partners.
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- November 29 2022
Lloyd’s remains committed to India with new syndicates expected
Sharp growth forecasts and regulatory easing add to the allure of the market, says India CEO.
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- November 29 2022
IRDAI approves Go Digit’s IPO
The Fairfax-backed insurer will raise about US$440m from the public offering.
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- November 29 2022
Indian agri insurance start-up Kshema gets regulatory nod
The digital rural insurer is the first to get a carrier licence in five years; IRDAI said there are 18 applications in the pipeline.
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- November 28 2022
IRDAI to relax norms for investors in insurance, fund-raising; changes reinsurance rules
Ease of raising capital expected to usher in long-term investments, as reinsurance retained in the country to be 50%.
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- November 24 2022
IRDAI proposes single management expense limit for insurers
The regulator has given additional allowances to the rural sector, government welfare schemes, insurtech and awareness programmes.
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- November 18 2022
Water-related losses highest in Asia, more stress likely, warns WMO
In Asia, the highest adaptation cost is estimated for China at US$189bn, followed by India at US$46bn.
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- November 17 2022
J.B. Boda appoints former Edelweiss exec to lead Chennai
Manoj Menon has also previously worked at Bharti Axa.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 8 2022
India eyes parametric alternatives for crop insurance scheme
The market seeks to introduce greater efficiency in the oft-criticised agri insurance scheme through new technologies.
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- November 7 2022
IRDAI may ease capital norms for insurers
The Indian regulator is mulling opening up the sector for different types of companies such as banks and microfinance companies.
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- October 28 2022
IRDAI permits FRBs, Lloyd’s India to repatriate excess capital
Foreign reinsurers can withdraw up to 20% of assigned capital once a year, according to the circular.
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- October 27 2022
IRDAI seeks to level the playing field for reinsurers
The insurance regulator proposes to remove state-owned GIC Re’s right of first refusal on Indian cedents.
