Country: India Page 51 / 57
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- January 11 2017
New York Life unit buys stake in India’s Max Ventures
The largest mutual life insurance company in the US has bought a 22.51% stake for US$17.7m.
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- January 6 2017
Indian reinsurers oppose new regulations
The Insurance Brokers Association of India is opposing the Reinsurance Regulations on Order of Preference.
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- January 3 2017
India finalises listing of public insurers
Listing norms for the country's public insurers will be finalised by the end of this month, a senior official revealed.
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- January 3 2017
India’s public and private insurers in the doldrums
Higher claims, rising operating costs and aggressive sales strategies are taking their toll on profitability.
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- December 19 2016
Indian insurers may raise premiums in cyclone-prone areas
Insurers are considering raising premiums for properties located in low-lying areas on India's east coast.
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- December 16 2016
LIC appoints new chairman
VK Sharma succeeds SK Roy, who quit abruptly after an investigation into alleged misconduct.
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- December 9 2016
Indian insurers wrestle with demonetisation
A month on from India’s surprising decision to scrap its two most common banknotes, insurers feel the effects.
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- December 6 2016
US private equity joins race to acquire SBI Life
Blackstone, KKR and Bain are now competing with GIC and Canada Pension Plan Investment Board in the bidding.
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- November 30 2016
Indian premiums to hit US$378bn by 2020
The projected growth will come on the back of an equally significant rise in the number of intermediaries.
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- November 23 2016
Indian life insurers hit by demonetisation
The demonetisation of 500 and 1,000 rupees notes is affecting payments of renewal premiums.
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- November 22 2016
UK government urged to prioritise China, India links
The Association of British Insurers wants Westminster to help crack foreign markets after the Brexit referendum.
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- November 15 2016
Max India-HDFC Life merger questioned
India’s insurance regulator has asked what the proposed merger is intended to achieve.
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- November 8 2016
Lloyd’s onshore reinsurance branch in India approved
It plans to open a branch in Mumbai in 2017 as UK trade secretary praises the approval as "symbolic".
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- November 2 2016
India’s non-life gross premiums up 86% in September
Among the 23 private sector players, HDFC Ergo General's underwritten premium almost tripled.
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- November 2 2016
India requires reinsurance applicants to bring in capital
IRDA moves closer to final approval with a capital request of Rs5 billion (US$75 million) each.
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- November 1 2016
Metlife to exit Indian insurance venture
The US insurer will sell its 26% stake in PNB Metlife to focus on challenges in its home market.
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- October 21 2016
Myanmar and India sign insurance cooperation
The MoU was signed in the presence of Narendra Modi and Aung San Suu Kyi.
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- October 20 2016
Foreign reinsurers likely to get R2 approval in India this month
An R2 or second-phase approval looks imminent for foreign reinsurance firms seeking a branch licence in India.
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- October 18 2016
India stalls mandatory listing for insurers
The insurance regulator's proposal has been put on hold after reported intervention by the finance ministry.
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- October 10 2016
SBI to sell stake in SBI Life
Bank looking to sell as much as 5% of its 74% stake in SBI Life Insurance to private equity funds.
