Country: India Page 32 / 45
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- June 11 2018
Insurance penetration in India far below global average
More needs to be done to promote insurance as a way to manage risk rather than just a savings tool.
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- June 7 2018
SBI Life eyes 10 bancassurance deals
The Indian insurer is planning to partner with a host of banks as it shifts from its traditional stance.
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- June 4 2018
PE firms target Indian insurance market
There has been a rise in the number of private equity firms interested in acquiring stakes in local insurers.
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- June 1 2018
Here comes Big Tech
Amazon has made its first foray into the Asian insurance sector, leading a funding round in an online Indian insurer.
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- June 1 2018
India considers wholly foreign-owned insurance brokers
The government has reportedly agreed to consider the industry's request to allow 100% foreign direct investments.
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- May 28 2018
Premiums written by India’s non-life insurers up 14%
Gross premiums rose to Rs138.8bn (US$2.03bn) in April compared to the same month of last year.
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- May 23 2018
Warburg Pincus to buy 26% stake in IndiaFirst Life
The private equity firm is lining up to buy Legal and General's stake for approximately US$150m.
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- May 22 2018
India’s top insurers told to boost risk buffers before merger
Irdai has asked the government to offer additional funds or allow the insurers to raise supplementary capital.
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- May 15 2018
Sompo Japan Nipponkoa ups stake in Indian unit
It will acquire a further 6% in Universal Sompo General Insurance from Karnataka Bank.
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- May 4 2018
India appoints outsider to lead Irdai
Subhash Chandra Khuntia is a lifelong bureaucrat and former chief secretary of Karnataka state.
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- May 3 2018
India names new regulatory head
Subhash Chandra Khuntia will be the new chairman for the Insurance Regulatory and Development Authority of India.
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- May 2 2018
Max Life, Exide Life join bidding fray for IDBI Federal Life
Shareholders will carry out a detailed evaluation of shortlisted bidders over the next couple of weeks.
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- May 2 2018
Private equity firm bids for Royal Sundaram
True North and its global sponsors have made a rumoured US$400m bid for a 40% stake.
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- April 26 2018
India starts merger process of three state insurers
The proposed merger has been set in motion, though the government has yet to lay out a roadmap.
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- April 19 2018
APAC bancassurers tap blockchain to improve offerings
Banks in the region continue to leverage the technology to improve and expand their insurance offerings.
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- April 19 2018
India’s insurance regulator may have new chief in May
Life Insurance Corporation's VK Sharma and New India Assurance's G Srinivasan seen as top contenders.
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- April 18 2018
Indian consortium to develop data-sharing blockchain
The consortium of life insurance companies has partnered with IT services firm Cognizant Technology Solutions.
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- April 13 2018
India’s general insurers book 17% direct premium growth
Private sector general insurers recorded even stronger growth of 21.6% during the financial year just ended.
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- April 10 2018
Indian mortgage lender HDFC to acquire Apollo Munich
India's largest mortgage lender is reportedly in advanced negotiations to pay around US$150m for the joint venture.
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- April 9 2018
India’s public-sector merger put off to next year
The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.
