Country: South Asia Page 52 / 54
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- August 28 2015
India’s life sector forecast to hit up to US$400bn by 2020
MetLife has said that India's life insurance industry to grow between US$350-400bn by 2020.
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- August 26 2015
Unaffordable premiums drive low take-up in Bangladesh
A study shows that while insurance awareness is increasing, penetration remains stubbornly low.
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- August 24 2015
LIC to introduce India’s first unit-linked insurance plan
LIC has said that it plans to sell around 100,000 of the new policies within one month.
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- August 10 2015
Aviva mulls raising stake in Indian JV
British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.
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- August 6 2015
GIC Re, names K Sananth Kumar as acting GM
Industry veteran replaces Ashok Roy who retired at the end of July.
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- August 5 2015
Air India seeks bidders for US$9bn fleet insurance
Indian state flag carrier was faced with a 15% rise in premiums last year.
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- August 5 2015
Bangladesh to appoint auditor to check spending of life insurers
Majority of the country's life insurers were in breach of their respective spending limits last year.
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- July 31 2015
Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko
Japanese insurer purchases minority stake in one of Sri Lanka's oldest and largest business conglomerates.
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- July 20 2015
India fines public-sector insurers for rigging bids
The Competition Commission of India found four insurance firms guilty of rigging a tender in Kerala in 2009.
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- July 13 2015
India may remove foreign investment cap
India could relax rules as insurance broking is not a "capital-intensive business", says government.
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- July 10 2015
Cancer insurance likely to become a key market in India
Currently 75% of cancer patients in the country pay for their own treatment.
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- July 8 2015
India’s life insurance industry forecast to grow up to 15%
Improved market scenario and government efforts to improve insurance penetration in the country, cited as factors.
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- July 7 2015
India to launch database to monitor insurance fraud
24 life insurance companies said to have joined the programme to detect and prevent fraudulent claims.
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- July 2 2015
State Bank of India to sell stakes in insurance subsidiaries
SBI to sell a 10% and 23% stake in life insurance and general insurance subsidiaries to foreign partners.
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- June 23 2015
Bangladesh regulator suspends Standard Insurance
Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.
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- June 23 2015
India’s general sector posts 12.3% growth in premium collections
The majority of the premium growth came from the four state-run general insurers.
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- June 22 2015
Air India seeks insurers for US$9bn insurance cover
State-owned and private insurance companies are expected to join in the aggressive bidding.
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- June 19 2015
India plans higher solvency requirement for health insurance players
Plans to raise the solvency margin to up to 200% for group health.
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- June 16 2015
Marsh contributes US$93m to India’s nuclear insurance pool
Risk manager bridges funding gap, according to reports.
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- June 15 2015
German reinsurance giant Hannover mulls setting up India branch
Considers the possibility of setting up a branch in India as a reinsurer.
