Country: South Asia Page 1 / 59
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- December 19 2025
IFRS 17 timeline ‘question mark’ remains for India, Aon says
Anthony Atkins, APAC head of actuarial, says the Indian market has been 'quite slow in terms of its IFRS journey', with the deadline reported to have been extended until FY27.
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- December 18 2025
Sri Lanka flood claims manageable for insurers, reinsurers to absorb non-motor losses: Fitch
National Insurance Trust Fund, as Sri Lanka's sole reinsurer, faces greater exposure amid lack of retrocession cover from recent flooding due to Cyclone Ditwah.
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- December 16 2025
‘Humming’ India to be priority for insurers in 2026 amid market reforms, GDP growth
Move to allow 100% foreign ownership of insurance companies, and rapid economic growth, will drive a wave of dealmaking.
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- December 15 2025
India’s cabinet approves 100% FDI for insurance companies
Bill is expected to become law by the end of India's winter session of parliament on Friday.
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- December 12 2025
AM Best positive on New India Assurance amid ‘improving’ risk management
The rating agency has affirmed the financial strength rating of India's largest non-life insurer of B++ and its long-term issuer credit rating of bbb+.
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- December 9 2025
Over half of US$10bn losses from recent Southeast Asian floods attributable to business interruption: Moody’s
Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.
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- December 5 2025
Storms batter Southeast, South Asia, inflicting over US$20bn in economic losses: Aon
Thailand estimates Cyclone Senyar to be among its costliest, while Indonesia is reporting billions of dollars in damages and Cyclone Ditwah in Sri Lanka is projected to be the country's deadliest since 1978.
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- December 5 2025
Axa XL India snaps up Vishal Singh Rana as construction underwriter
Former civil and tunnel engineer previously worked for Prudent Insurance Brokers and Munich Re.
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- December 4 2025
Liberty Specialty Markets revamps APAC underwriting structure with 5 promotions
Moves for Marcus Thomas, Brett Gardiner, Angelo Maniatis, Shawn Anderson, and Ben Hissey impact Singapore, Hong Kong, China, India, Malaysia, and Australia.
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- November 28 2025
Korean Re approved to open branch in India’s Gift City
South Korean reinsurer plans to officially commence operations in April.
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- November 25 2025
Arvind Laddha appointed president of Ace Insurance Brokers
He brings two decades of experience in health assurance, consulting, and insurance brokerage firms.
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- November 24 2025
India edges closer to 100% FDI limit in insurance: reports
Government to introduce a bill during the parliament’s winter session, which starts on Monday, seeking to increase the foreign direct investment (FDI) limit from 74%.
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- November 19 2025
Cyber threats and data privacy top risk agenda for Indian companies in 2025: Aon
Indian businesses have faced substantial losses from their most critical risks, with 77.8% reporting losses due to property damage and 46.2% due to BI, while 63.6% reported that they were impacted by exchange rate fluctuations.
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- November 18 2025
Willis India appoints Pallavi Verma as associate director in M&A team
Gurgaon-based Verma brings deep expertise in corporate and M&A law, with experience across financial services, renewables, telecoms, and infrastructure.
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- November 17 2025
Exclusive: Mapfre Re moves to establish presence in India’s Gift City amid strategic market expansion
Spanish reinsurer plans to accelerates its push into the Indian market with a branch in India's special economic zone
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- November 17 2025
GIC Re trims H1 FY26 underwriting loss by 45.5% to US$1.46bn, COR down to 107.7%.
State-owned reinsurer's GWP was up by 5.6% in the first half, and it plans to expand its Lloyd's syndicate in pursuit of a larger share of international business.
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- November 13 2025
Berkley Insurance Asia hires Harshvardhan Jain as head of finance for Gift City branch
A chartered accountant with over 20 years of experience, Jain brings deep expertise in finance, accounting, and transformation.
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- November 10 2025
Marsh names Guy Bessis as power and energy chairman for India, the Middle East, and Africa
Dubai-based Bessis previously held the global head of sales for energy and power position for over 17 years.
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- November 6 2025
Edme Insurance Brokers taps Gallagher Re’s Vinod Krishnan as treaty reinsurance division CEO
Krishnan brings over three decades of experience across South Korea, South Asia and Southeast Asia.
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- November 6 2025
SIRC: Booming and unconstrained property speculation fuelling India flood risk, Moody’s says
While climate variability is clearly playing a part in the increasing frequency of flood losses, it's only a part of the picture.
