Country: India Page 40 / 47
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- May 16 2017
Irdai approves Gen Re R3 licence in India
The R3 licence covers underwriting and risk management expertise locally rather than cross-border.
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- May 15 2017
SBI General Insurance posts first profit in seven years
The company attributed the rise in profits to improved risk selection and better expense-control measures.
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- May 9 2017
GIC Re names five banks for IPO
India's state-owned reinsurer has selected HSBC, Citi, Deutsche Bank, Kotak and Axis as bookrunners for its listing.
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- May 3 2017
Philippine life market growing at rapid pace
The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.
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- April 21 2017
India’s life market grows 26%
LIC remained the top performer, generating total new premium of Rs1.243tn for the period.
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- April 18 2017
IRDAI to double capital requirements for brokers
India’s insurance regulator is pushing for a series of stringent measures for the domestic insurance broking industry.
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- April 12 2017
India’s general insurance sector to grow 32%
Crop insurance and motor sales are projected to fuel growth in the financial year 2016-17.
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- April 11 2017
Religare sells 80% stake in health insurance arm
The Indian insurer has signed an agreement with investors for around Rs10.4b (US$161m).
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- March 31 2017
Regulator tells Fairfax to sell 25% stake in ICICI Lombard
The Canadian insurer needs to sell the stake to be able to apply for a second licence in the general insurance industry.
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- March 29 2017
SBI to sell SBI Life stake through IPO
The State Bank of India will sell at least 8% of its current 70.1% shareholding in the life insurance arm.
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- March 23 2017
India mulls 100% foreign investment in broking
The government is planning to raise the limit from the current 49% to fund more development in the sector.
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- March 22 2017
United India Insurance eyes IPO
The state-owned general insurer will go public after New India Assurance and GIC.
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- March 17 2017
Future Generali India, UCO Bank ink bancassurance deal
The partnership will provide access to the bank’s clients in 3,060 branches across India.
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- March 10 2017
Fairfax approved for second Indian venture
India’s insurance regulator has given initial clearance to its joint non-life venture with Oben General Insurance.
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- March 1 2017
Apollo Munich partners with Dena Bank for bancassurance
The deal will see the Indian health insurer distributing its insurance products to 20 million new potential clients.
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- February 24 2017
India’s state-owned general insurers may merge
Oriental, National and United India Insurance are likely to be merged to fetch stronger valuations.
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- February 22 2017
India’s life industry up 35.13% in January
A high increase in group and individual single premium policies is pushing the sector's growth.
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- February 21 2017
MetLife pullout from Indian venture hits snag
Punjab National Bank's decision to retain its 26% stake in the venture is complicating the process.
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- February 21 2017
Indian banks seek cover against cyber threat
The rising incidence of cyber attacks is prompting lenders to explore insurance solutions.
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- February 20 2017
Panel of actuaries to examine new policies in India
New products will soon need the approval of a panel of actuaries before they can go on sale.
