Country: South Asia Page 19 / 53
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- November 17 2022
J.B. Boda appoints former Edelweiss exec to lead Chennai
Manoj Menon has also previously worked at Bharti Axa.
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- November 16 2022
Government proposes Sri Lanka Insurance restructure
The idea is to help improve the firm’s operational performance and efficiency.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 10 2022
Nepal’s regulator rebrands as new Insurance Bill enacted
The Nepal Insurance Authority, previously known as Beema Samiti, will keep the same board.
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- November 8 2022
India eyes parametric alternatives for crop insurance scheme
The market seeks to introduce greater efficiency in the oft-criticised agri insurance scheme through new technologies.
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- November 7 2022
IRDAI may ease capital norms for insurers
The Indian regulator is mulling opening up the sector for different types of companies such as banks and microfinance companies.
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- October 28 2022
IRDAI permits FRBs, Lloyd’s India to repatriate excess capital
Foreign reinsurers can withdraw up to 20% of assigned capital once a year, according to the circular.
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- October 27 2022
IRDAI seeks to level the playing field for reinsurers
The insurance regulator proposes to remove state-owned GIC Re’s right of first refusal on Indian cedents.
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- October 17 2022
Volante charts ambitious APAC play
The London-based specialty carrier is set for Lloyd's foray in Singapore, Australia, Japan and India as well as in the Middle East and Africa, IAN can reveal.
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- October 16 2022
Pakistan floods place credit pressure on P&C players
EFU General Insurance, Jubilee General Insurance and Adamjee Insurance have relatively small exposures to the flooding.
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- October 7 2022
GIC Re issuer outlook downgraded to negative amid accounting scrutiny
AM Best affirmed the state-owned carrier’s long-term issuer credit rating of bbb+ and financial strength rating of B++ with a stable outlook.
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- October 4 2022
SBI General Insurance names veteran banker Kishore Poludasu as CEO
The formed deputy managing director of the State Bank of India will take charge of the insurer from October 4.
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- September 26 2022
Zurich joins hands with Piramal for Reliance General Insurance bid: report
The Swiss carrier's JV will compete with PE firm Advent for the general insurance arm of debt-ridden Reliance Capital.
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- September 19 2022
New India Assurance’s underwriting constrained by market challenges, pandemic
Affirming its B++ rating, the agency noted elevated concerns overpricing discipline and risk management given the Indian insurer's level of ongoing underwriting losses.
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- September 16 2022
RVS Monte Carlo: Indian stand-alone cyber on a growth spurt, says Guy Carpenter’s Cordonnier
Data protection legislation really driving growth around Asia for more comprehensive cover.
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- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
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- September 7 2022
Milliman appoints Ouling Lu as regional head for product propositions
The former Allianz exec will be in charge of South-East Asia, India and Hong Kong for life products.
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- September 6 2022
Sri Lanka Insurance’s underwriting profits to suffer from inflation: Fitch
The P&C insurer has limited ability to reprice policies due to the economic crisis in the country.
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- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
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- August 19 2022
IRDAI sets out ambitious capital reform plan
Proposals to facilitate fundraising part of new chairman’s modernising agenda
