Country: India Page 54 / 56
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- November 13 2015
SBI Life likely to become India’s first insurance IPO
It could beat HDFC Life to become the first Indian insurer to list directly on a local stock exchange
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- November 10 2015
India’s non-life association puts up fraudster database
The list will focus on cases of attempted fraud and policyholders whose names turn up in multiple claims.
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- October 30 2015
Indian insurers to spend US$2.16bn on IT in 2016
American research firm Gartner says Indian insurers are prioritising IT investments, digitalisation.
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- October 27 2015
Indian women’s insurance spend to hit US$35bn by 2030
The insurance industry has overlooked women as a key customer segment, despite growth potential.
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- October 14 2015
Nippon Life ups stake in India’s Reliance Capital
The US$184m stake is the biggest foreign direct investment in India's mutual fund industry.
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- October 14 2015
Aon reportedly pulling out of India’s broking market
Broker is set to pull out of its Indian joint venture amid "regulatory changes".
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- October 1 2015
Japan’s Nippon Life mulls hiking stake in India
Japan's biggest life insurer by assets is planning to increase its stake in Reliance Life.
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- September 29 2015
New India Assurance plans global expansion
India's largest non-life insurer aims to grow in Asia, North America and the Middle East.
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- September 15 2015
New India Assurance renews Air India cover for US$9.5bn
The bid to insure Air India’s 126-aircraft fleet will earn a premium of US$22.5 million.
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- August 28 2015
India’s life sector forecast to hit up to US$400bn by 2020
MetLife has said that India's life insurance industry to grow between US$350-400bn by 2020.
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- August 24 2015
LIC to introduce India’s first unit-linked insurance plan
LIC has said that it plans to sell around 100,000 of the new policies within one month.
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- August 10 2015
Aviva mulls raising stake in Indian JV
British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.
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- August 6 2015
GIC Re, names K Sananth Kumar as acting GM
Industry veteran replaces Ashok Roy who retired at the end of July.
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- August 5 2015
Air India seeks bidders for US$9bn fleet insurance
Indian state flag carrier was faced with a 15% rise in premiums last year.
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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.
