Country: South Asia Page 26 / 54
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- July 26 2021
Indian insurtech Policybazaar to raise US$870m in IPO: reports
The online aggregator could be worth up to US$5bn as the sector benefits from the digital economy.
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- July 21 2021
Swiss Re’s Anna Lee handed HK, Taiwan P&C client markets role
Lee starts in September and continues as head of new business development, P&C reinsurance SID.
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- July 21 2021
Digital insurers lead return to growth in India
Figures for H1 2021 show an uptick of 14% compared to last year.
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- July 19 2021
India seeks advisors for LIC’s blockbuster IPO
The country's largest life insurer posted record new business premiums of US$24.4bn for FY 2020/21.
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- July 14 2021
X-Press Pearl’s owners pay initial US$3.6m claim
Sri Lanka's government is looking for US$40m to compensate for environmental damage.
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- July 8 2021
India’s Order of Preference mandate ‘concentrates risk’
Lloyd's country manager tells IAN reinsurance requires diversification.
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- July 2 2021
Gallagher takes 100% stake of Indian (re)insurance broker
The US firm has bought a further 70% of Edelweiss Gallagher's shares.
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- July 2 2021
GIC Re underwriting improves on aviation, motor initiatives
Indian reinsurer tells IAN aviation COR should be near 100% in 2022.
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- June 30 2021
Lloyd’s syndicates eye India growth
Country manager tells IAN the reinsurance market has gaps after recent upturn.
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- June 21 2021
Indian insurtech RenewBuy raises US$45m
The Series C round was led by the UK-based private equity firm Apis Partners.
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- June 21 2021
Pakistan regulator drafts framework for digital and microinsurers
The draft rules aim to help reduce minimum paid-up capital requirements.
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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.
