Country: South Asia Page 17 / 53
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- February 15 2023
InsuranceDekho raises US$150m via equity and debt
The Indian insurtech is targeting annualised premiums of US$423m by the end of March.
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- February 15 2023
Marsh McLennan promotes Renée McGowan to India/MENA CEO
The new role for the Mercer president of Asia, Middle East and Africa is part of a series of regional appointments at the broking group.
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- February 14 2023
Asia flood losses to worsen amid data deficit
(Re)insurers are feeling the heat from record rainfall events and fast-evolving climate risk scenarios.
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- February 13 2023
Bangladesh reinsurance policies at risk of lapsing due to dollar shortage: report
Several cedents have been unable to pay premiums over many months due to restrictions on foreign currency remittance from the country.
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- February 7 2023
India’s appeal grows amid China pessimism
Global reinsurers and Lloyd's syndicates hone in on the market as the IRDAI seeks to cut red tape.
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- February 6 2023
ICICI Lombard cuts down underwriting losses: AM Best
The global rating agency has affirmed a financial strength rating of B++ (good) with a stable outlook.
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- February 3 2023
India budget snub a wake up call for United India, Oriental and National
Market experts suggest the decision not to allocate any more capital is part of a plan to merge the P&C players with LIC.
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- February 1 2023
India’s Digit Insurance US$440m IPO blocked by regulator: report
The insurer was last valued at US$3.5bn by Sequoia Capital and is backed by investors including Canadian billionaire Prem Watsa.
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- February 1 2023
India’s Union Budget to infuse US$490m into three state general insurers: report
It is the third consecutive injection since 2020 but the companies are still facing a shortfall in capital.
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- January 30 2023
Asia 1.4 renewals to bring more rate hikes and tough negotiations
Nat cats are set to impact the Philippines, while global trends will push up pricing in India and Japan.
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- January 30 2023
India government likely to put on hold insurance law amendments: report
The bill looks unlikely to be presented at the upcoming budget session after demands from insurers for changes.
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- January 25 2023
US$10.5m estimated air crash loss raises concerns over Nepal’s aviation sector
IAN understands that Nepali insurers usually only take up 3% of the ratio of the loss payout.
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- January 25 2023
Fitch downgrades Sri Lankan Co-operative Insurance
CICPL's investment and liquidity risks have increased.
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- January 20 2023
IRDAI’s solvency exemption for United India bonds could trigger more redemptions
The regulator has allowed the insurer to exercise a call option despite not meeting the minimum solvency ratio.
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- January 18 2023
Markel India appoints Priyesh Pradhan as financial lines underwriter
Pradhan will report to Anirudh Singh, chief underwriting officer of Markel India.
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- January 18 2023
Indian non-life insurers generated US$37bn of premiums in 2022
Motor was one of the classes which helped Indian non-life premiums grow 14.65% in 2022.
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- January 13 2023
India’s LIC could eye health market entry following composite license talks
The state owned insurer's chairman said that 'health insurance fits well into their scheme of things'.
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- January 11 2023
Analytics: India’s gaping nat cat protection gap offers scope for carriers
Though it is set to be sixth largest P&C market by 2032, 95% of the country's catastrophe losses were uninsured.
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- January 10 2023
Reliance General Insurance’s fundraise to be delayed as parent restarts sale process
Lenders of Reliance Capital voted unanimously to hold a second e-auction for an outright sale after a dispute over the original winning bid.
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- January 9 2023
FY 2023 India non-life premiums touch US$22bn
Premiums grew for both private and state-owned insurers with the latter losing market share in the first nine months.
