Country: South Asia Page 23 / 50
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- June 21 2021
Asia marine market braces for X-Press Pearl ‘total loss’
The focus is now on wreck removal and containing the environmental damage.
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- June 18 2021
Bangladesh pushes for more insurers to go public–report
Local insurance companies have been granted exemptions from certain IPO rules.
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- June 16 2021
Acko is back as India’s growth champion
The digital motor and health insurer has more than doubled its book in 2021.
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- June 14 2021
Sri Lanka’s non-life market to veer away from motor
Fitch analyst tells IAN a vehicle import ban has created a shift toward other business lines.
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- June 4 2021
India shrugs off pandemic growth pains
Non-life premiums rose 22% in April despite a devastating second wave of Covid cases.
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- June 2 2021
Himalayan Reinsurance wins Nepal operating licence
The firm beat out four other applicants to join Nepal Re as the country's second reinsurer.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
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- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
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- May 24 2021
Nepal’s IB receives five applications for reinsurance licence–report
The Insurance Board requires applicants to have paid-up capital of around US$85m.
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- May 18 2021
Acko eyes unicorn status and mulls IPO–report
The Mumbai-based insurtech has a number of high-profile investors including Amazon and Munich Re.
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- May 10 2021
Asian Re’s loss ratio deteriorates as cat losses bite: AM Best
Underwriting results remain volatile with Asian Re's five-year average COR exceeding 125%.
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- May 7 2021
Munich Re hires Asia property treaty underwriting lead
Joachim Zagrosek has joined from Swiss Re as the reinsurer unveils positive Q1 2021 results.
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- May 7 2021
India’s health players to face solvency pressures amid Covid surge—sources
Even well-capitalised insurers are facing strain as claims surge.
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- May 3 2021
India’s recovery derailed by Covid surge
Premiums had shown strong Q1 growth before a second wave.
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- April 22 2021
India’s LIC books record new business growth as it prepares for IPO
Sales at the state-owned life insurer have grown strongly despite Covid-19.
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- April 16 2021
Scor’s 1.4 renewals boosted by India and Japan
The reinsurer saw price increases of 12.3% on Japanese cat excess-of-loss programmes.
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- April 12 2021
India publishes proposed trade credit insurance guidelines
IRDAI move comes after the collapse of Greensill Capital last month.
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- April 8 2021
Indian insurtech Policybazaar eyes May IPO
Bloomberg report suggests the Indian unicorn could have a post-IPO valuation of US$3.5 billion.
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- April 8 2021
Axis Bank secures 13% stake in Max Life
The Indian private bank has an option to buy a further 7% of the country's fourth largest life player.
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- April 5 2021
India sees ‘moderate’ 1.4 property hikes
Willis Re report notes “lower catastrophe activity” despite some hard-hitting cyclones last year.
