Country: South Asia Page 44 / 53
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- April 11 2017
Religare sells 80% stake in health insurance arm
The Indian insurer has signed an agreement with investors for around Rs10.4b (US$161m).
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- March 31 2017
Regulator tells Fairfax to sell 25% stake in ICICI Lombard
The Canadian insurer needs to sell the stake to be able to apply for a second licence in the general insurance industry.
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- March 29 2017
SBI to sell SBI Life stake through IPO
The State Bank of India will sell at least 8% of its current 70.1% shareholding in the life insurance arm.
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- March 23 2017
India mulls 100% foreign investment in broking
The government is planning to raise the limit from the current 49% to fund more development in the sector.
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- March 22 2017
United India Insurance eyes IPO
The state-owned general insurer will go public after New India Assurance and GIC.
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- March 17 2017
Future Generali India, UCO Bank ink bancassurance deal
The partnership will provide access to the bank’s clients in 3,060 branches across India.
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- March 10 2017
Fairfax approved for second Indian venture
India’s insurance regulator has given initial clearance to its joint non-life venture with Oben General Insurance.
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- March 1 2017
Apollo Munich partners with Dena Bank for bancassurance
The deal will see the Indian health insurer distributing its insurance products to 20 million new potential clients.
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- February 24 2017
India’s state-owned general insurers may merge
Oriental, National and United India Insurance are likely to be merged to fetch stronger valuations.
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- February 22 2017
India’s life industry up 35.13% in January
A high increase in group and individual single premium policies is pushing the sector's growth.
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- February 21 2017
MetLife pullout from Indian venture hits snag
Punjab National Bank's decision to retain its 26% stake in the venture is complicating the process.
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- February 21 2017
Indian banks seek cover against cyber threat
The rising incidence of cyber attacks is prompting lenders to explore insurance solutions.
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- February 20 2017
Panel of actuaries to examine new policies in India
New products will soon need the approval of a panel of actuaries before they can go on sale.
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- February 17 2017
After China’s slowdown, is India next?
The signs of an economic slowdown in India are becoming more evident, and the timing could hardly be worse.
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- February 17 2017
India insurance penetration to hit 4% this year
Insurance coverage in the country peaked at 5.2% in 2009, but is now back on a rising trend.
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- February 14 2017
Reliance Nippon Life seeks partner
One of the largest life insurance companies in India is looking for a partner to merge with.
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- February 13 2017
New India Assurance will file IPO within eight months
The Indian insurer has said it will take six-to-eight months to prepare its initial public offering.
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- February 9 2017
AIA seals bancassurance deal in Sri Lanka
The exclusive long-term strategic partnership with DFCC Bank covers a range of savings and protection products.
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- February 7 2017
Global insurers capitalising on India’s demonetisation
The government's radical experiment has pushed millions of Indians to enter the formal financial system.
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- February 3 2017
RGA starts operations in Mumbai
The opening comes after the branch secured a licence and the required approvals from the regulator.
