Country: India Page 28 / 39
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- February 13 2018
India market to reach US$280bn by 2020
Vice-president Venkaiah Naidu cited the country's rosy economic prospects as a driver for the insurance industry.
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- February 12 2018
China, India priority markets for UK insurers after Brexit
The Association of British Insurers has said the two nations will be key targets after departure from the EU in 2019.
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- February 5 2018
India unveils three-way merger of state-owned insurers
National Insurance, United India Insurance and Oriental Insurance are set to merge to form a single entity.
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- February 2 2018
Indian life companies push for separate limit on tax exemption
The sector is looking at introducing various supportive measures in the upcoming state budget.
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- January 29 2018
SoftBank eyes backing Indian insurance startup
PolicyBazaar, an online insurance aggregator, was valued at US$500m during its last funding round.
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- January 26 2018
Indian regulator to issue new broker rules
The Insurance Regulatory and Development Authority of India is expected to issue the new regulations soon.
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- January 16 2018
Ergo, Manulife in talks to buy stake in IndiaFirst Life
The potential buyers are eyeing the stake owned by the UK’s Legal & General Group, which is up for sale.
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- January 15 2018
IBM awaits Indian regulatory approval on insurance blockchain
The company is hoping to win regulatory approval to deploy the technology for general insurers in India.
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- January 11 2018
Axis Bank seeks to acquire insurance firm
The third-largest private-sector bank in India is exploring opportunities in the fast-growing life sector.
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- January 9 2018
Edelweiss wins India non-life licence
The group is set to become the country's 33rd non-life company after Irdai approval secured.
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- January 8 2018
Indian insurers launch financial services blockchain
It is hoped the project will rein in costs for companies running medical tests and evaluations.
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- January 5 2018
India’s cyber insurance demand up 50%
Companies have started to take action over the effects of cyber attacks and data breaches.
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- January 4 2018
Amazon to invest in Indian insurance startup
Mumbai-based online insurance startup Acko is in talks to secure funding from the global e-commerce player.
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- December 22 2017
Three insurers in bidding to buy India’s Star Health
ICICI Lombard, HDFC Ergo and Bajaj Allianz have joined the race to buy India's biggest standalone health insurer.
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- December 19 2017
India to revise insurance fund rules
Irdai is looking to keep up with changes in the market and the economic landscape in the country.
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- December 15 2017
India’s life market expecting stronger growth
Low penetration and the rising share of financial assets in household savings is driving premiums.
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- December 13 2017
Life insurers’ new premiums up 6% in India
LIC still led the pack, but total new premium collected by all private insurers grew 32%.
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- December 7 2017
India allows PE funds to own insurance companies
Private equity funds can now own up to 10% of the paid-up equity of an insurer, says Irdai.
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- December 7 2017
LIC books 12% first half premium income growth
The results were driven by profits from the sale of equities during the period.
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- December 4 2017
Reliance General gets final clearance for IPO
The offering will account for 25% of the post issue paid-up capital of the insurer.
