Country: South Asia Page 24 / 50
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- February 22 2021
GIC Re sale to put spotlight on obligatory cession
All general insurers in India are required to cede 5% of their business with the state-owned reinsurer.
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- February 15 2021
India to hand three P&C state owned majors capital boost
National Insurace, United India and Oriental Insurance to receive over US$400m.
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- February 3 2021
Generali seems keen as India opens up
Despite the change, foreign insurers are expected to remain sceptical as more details emerge.
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- January 28 2021
China, India insurtechs raise over US$270m in Q4 2020: WTW
Global fundraising hit an all-time annual high of US$7.1bn.
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- January 27 2021
United India, National and Oriental to get capital boost: report
The state-run P&C players need help meeting solvency requirements.
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- January 21 2021
India’s slowing economy to temper premium growth: Moody’s
The rating agency says a low penetration rates means there is still “ample” room for growth.
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- January 20 2021
India’s general insurers shrink in 2020
New India Assurance's 76% claims ratio for the six months from April was down from 93% in 2019.
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- January 15 2021
India FDI revamp needs to go further
Insurance Act clause on "control" makes sector less enticing to foreign investors.
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- December 29 2020
ICICI Pru Life inks deal with AU Bank
The deal expands the insurer's distribution channels among underserved populations.
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- December 29 2020
India M&A 2020 review
Mitsui Sumitomo, Paytm, ICICI Lombard and Aon all inked impressive deals in the subcontinent this year.
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- December 18 2020
Asia insurtech fundraising 2020 review
Waterdrop’s US$230m “mega round” with Swiss Re was the largest deal this year.
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- December 14 2020
Aon re-enters India with 49% Anviti stake
The broker returns to the country after 2017 exit following split with Global Insurance Brokers.
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- December 11 2020
GIC Re eyes underwriting profits amid investing woes
State-owned reinsurer's combined operating ratio overseas in H1 was 122% compared to 113% at home.
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- December 10 2020
Axis Bank seeks CCI approval for stake hike in Max Life
Move comes after insurer's parent share swap deal with Mitsui Sumitomo given green light.
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- December 4 2020
Covid-19 widens India’s digital gap
Private P&C insurers are winning market share from public sector rivals thanks to digital innovation.
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- December 3 2020
India’s L&H premium trend healthy despite pandemic: Milliman
Standalone health players have particularly high expense ratios, report says.
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- November 24 2020
India paves way for downsizing LIC IPO
A proposed rule change could see the offering reduced to 5% amid liquidity crunch.
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- November 18 2020
Indian insurtech Turtlemint bags new US$30m fundraise
The insurtech is looking to expand into second and third tier cities.
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- November 9 2020
Acko’s US$200m fundraising highlights India’s fast-growing insurtech sector
The market is primed for more digital-only players and greater investment.
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- November 6 2020
India approves acquisition of Bharti Axa General Insurance
The new entity will become the country's third largest P&C player.
