Country: South Asia Page 35 / 64
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- August 13 2021
Sri Lanka’s state reinsurer saw premiums decline in 2020
NITF discontinued accepting a 30% facultative share from local insurers due to the non-availability of retrocession cover.
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- August 12 2021
Aviva to increase stake in India JV: report
The London-headquartered insurer will increase its stake from 49% to 74% when new FDI regulations permit.
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- August 12 2021
China’s record floods dominate July’s Asia claims
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
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- August 10 2021
Lloyd’s China eyes broker and product expansion
A new marine liability product is expected later this year.
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- August 10 2021
Digit Insurance fundraise driven by solvency requirements, chair says
Founder Kamesh Goyal tells IAN the insurtech saw a 63% increase in GWP in Q1 2021.
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- August 9 2021
Carlyle exits stake in India’s SBI Life: report
The US private equity firm had originally invested in the Mumbai-headquartered life insurer in March 2019.
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- August 6 2021
Insurers wary as Singapore targets digital assets
MAS has licensed its first crypto exchange, but such assets are still difficult to insure.
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- August 5 2021
Cyber insurance pricing hardens as attacks escalate
Lloyd's webinar told that cyber cover has been underpriced for many years.
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- August 4 2021
RGA sees APAC Q2 loss as Covid claims bite in India
The US-based reinsurer, however, described its experience in the region beyond the pandemic as "favourable".
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- August 4 2021
United India Insurance frontrunner candidate for IPO
The general insurer's performance is relatively better than some of its state-owned peers.
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- August 3 2021
Indian insurtech Policybazaar to raise US$809m in IPO
The company lost Rs1.5bn in FY 2020 compared with a Rs3bn loss the previous year.
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- August 3 2021
Brokerslink adds new task force to steer Asia-Pacific growth
The group's new Asia-Pacific task force aims for greater regional visibility.
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- July 29 2021
Asia sees growing potential in agriculture (re)insurance
Asia will soon generate 50% of global agriculture premiums according to a Lloyd's webinar.
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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.
