Country: India Page 59 / 60
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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).
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- May 18 2015
India’s nuclear insurance initiative attracts foreign firms
Overseas firms showing interest to being part of the initiative.
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- May 14 2015
1 in 4 customers in India unlikely to renew with same provider
Up to 60% insurance customers are truly loyal to their insurance providers, according to report.
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- May 13 2015
India’s creeping reforms could bring US$10bn investment
India has a history of disappointing foreign investors, but its latest reforms to the insurance industry are welcome progress.
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- May 12 2015
India’s insurance employees’ union oppose hike in FDI
Increase would mean handing over the hard earned savings of the people to foreign capital, says AIIEA.
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- May 6 2015
After Nepal quake, Indian insurers seek mandatory building code
Authorities asked to make earthquake-resistant construction codes mandatory.
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- April 27 2015
India’s largest reinsurer assessing earthquake losses in Nepal
GIC Re sends a team of 10 surveyors to Nepal.
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- April 23 2015
Reinsurance Group of America names India head
Thomas Mathew appointed Managing Director and Chief Executive of RGA India.
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- April 20 2015
India’s general insurance growth hits three-year low
Slump in auto sales and lack of new projects reasons for single digit growth.
