Country: India Page 50 / 51
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- July 20 2015
India fines public-sector insurers for rigging bids
The Competition Commission of India found four insurance firms guilty of rigging a tender in Kerala in 2009.
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- July 13 2015
India may remove foreign investment cap
India could relax rules as insurance broking is not a "capital-intensive business", says government.
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- July 10 2015
Cancer insurance likely to become a key market in India
Currently 75% of cancer patients in the country pay for their own treatment.
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- July 8 2015
India’s life insurance industry forecast to grow up to 15%
Improved market scenario and government efforts to improve insurance penetration in the country, cited as factors.
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- July 7 2015
India to launch database to monitor insurance fraud
24 life insurance companies said to have joined the programme to detect and prevent fraudulent claims.
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- July 2 2015
State Bank of India to sell stakes in insurance subsidiaries
SBI to sell a 10% and 23% stake in life insurance and general insurance subsidiaries to foreign partners.
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- June 23 2015
India’s general sector posts 12.3% growth in premium collections
The majority of the premium growth came from the four state-run general insurers.
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- June 22 2015
Air India seeks insurers for US$9bn insurance cover
State-owned and private insurance companies are expected to join in the aggressive bidding.
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- June 19 2015
India plans higher solvency requirement for health insurance players
Plans to raise the solvency margin to up to 200% for group health.
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- June 16 2015
Marsh contributes US$93m to India’s nuclear insurance pool
Risk manager bridges funding gap, according to reports.
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- June 15 2015
German reinsurance giant Hannover mulls setting up India branch
Considers the possibility of setting up a branch in India as a reinsurer.
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- June 12 2015
Reliance Insurance to hire 20,000 agents across India this year
RLIC to raise its agency force by 20% across the country this year.
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- June 11 2015
All insurance policies in India will soon be available in digital format
Life and non-life policies to be available in digital form.
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- June 9 2015
India seeks assets reconstruction insurance
Cover to compensate for the cost of reconstruction after natural disaster.
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- June 4 2015
India’s LIC becomes second foreign insurer to enter Bangladesh market
LIC to start operations as a JV entity with a paid up capital of BDT1bn (US$12.86m).
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- May 28 2015
India’s nuclear insurance pool may be launched this year
Indian government expected to put in some resources.
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- May 27 2015
JLT plans India expansion
Plans to invest up to INR1bn (US$15.6m) while Pune office expected to hire 300.
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- May 26 2015
India now requires promoter to hold 26% in insurance firm
Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.
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- May 21 2015
India’s general insurance industry sets US$15bn premium target this year
Increase in third-party motor premiums and fire and property premiums seen as factors.
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- May 20 2015
High capital requirement awaits regional insurers in India
Draft amendment requires all new entrants to maintain a minimum capital of INR1bn (US$15.7m).
