Country: India Page 42 / 45
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- April 12 2016
India’s life industry forecast to grow at 15%
The industry's annual premium equivalent increased 6% year-on-year in the first nine months of fiscal 2016.
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- April 5 2016
ICICI sells Lombard stake to JV partner Fairfax
The Indian bank sold the 9% stake in its insurance subsidiary for US$234m or five times book value.
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- April 4 2016
Lloyd’s to apply for Indian reinsurance branch
Application for onshore branch follows IRDAI’s recent publication of the regulations governing the Lloyd’s market.
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- April 4 2016
India approves 49% insurance FDI under automatic route
Reserve Bank of India decision intended to attract more overseas investment from the insurance sector.
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- March 23 2016
Foreign majors receive India investment approval
Nippon Life, Sun Life, Aviva Life and AIA are among the large insurers to have won approval for Indian expansion.
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- March 21 2016
Indian banks told to comply with crop insurance scheme
The Reserve Bank of India has reminded banks to ensure strict compliance with the provisions of the scheme.
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- March 17 2016
Four global reinsurers receive initial approval in India
Munich Re, Hannover Re, Swiss Re and French major SCOR still require final approvals from the Indian regulator.
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- March 11 2016
Disrupting India’s insurance industry
PolicyBazaar co-founder Yashish Dahiya discusses the challenges of bringing transparency to Indian insurance buyers.
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- March 7 2016
India’s health protection gap among Asia’s biggest
India's health protection gap is projected to rise by 12.3% annually and reach US$214 billion by 2020.
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- March 3 2016
India to list state-owned general insurers
Finance minister Arun Jaitley plans to sell off four non-life companies fully owned by the government.
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- February 23 2016
India considers automatic FDI approval
The government is reportedly looking at automatic approval for 49% ownership for foreign direct investments.
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- February 22 2016
Insurance regulators in India and UAE ink bilateral pact
The agreement provides for sharing of insurance information amid interest from many other countries in India.
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- February 12 2016
India likely to keep cap on brokers’ commissions
The local regulator has said that it cannot easily remove the existing caps on commissions and other remunerations.
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- February 8 2016
Indian firms forecast rise in catastrophe premiums
Expected hike estimated to be up to 20% for next fiscal year.
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- February 5 2016
India’s LIC sees market share plunge in December
The fall is attributed to the lack of a unit-linked insurance plan when India's stock markets recovered last year.
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- February 2 2016
GIC Re to open China branch
The office will open within the next two to three months, according to chief managing director Alice Vaidyan.
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- January 26 2016
GIC appoints first woman head
Alice Vaidyan has been named chief managing director of GIC Re, joining a list of women CEOs in India.
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- January 22 2016
XL Catlin to open reinsurance branch in India
The decision to pursue a licence is part of a strategy to expand its presence in emerging markets.
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- December 29 2015
Mitsui Sumitomo raises stake in India JV
Japanese firm increases stake in Cholamandalam MS General Insurance to 40%
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- December 22 2015
India’s general insurance penetration drops to 0.70%
Slower economic growth and entry of life players into the general market, attributed says GIC
