Country: South Asia Page 66 / 67
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- May 27 2015
JLT plans India expansion
Plans to invest up to INR1bn (US$15.6m) while Pune office expected to hire 300.
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- May 26 2015
India now requires promoter to hold 26% in insurance firm
Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.
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- May 21 2015
India’s general insurance industry sets US$15bn premium target this year
Increase in third-party motor premiums and fire and property premiums seen as factors.
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- May 20 2015
High capital requirement awaits regional insurers in India
Draft amendment requires all new entrants to maintain a minimum capital of INR1bn (US$15.7m).
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- May 18 2015
India’s nuclear insurance initiative attracts foreign firms
Overseas firms showing interest to being part of the initiative.
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- May 18 2015
Assets of Pakistan’s private-sector life companies up 35.8%
Jubilee Life Insurance also ranked as the top Life Insurer.
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- May 14 2015
1 in 4 customers in India unlikely to renew with same provider
Up to 60% insurance customers are truly loyal to their insurance providers, according to report.
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- May 13 2015
India’s creeping reforms could bring US$10bn investment
India has a history of disappointing foreign investors, but its latest reforms to the insurance industry are welcome progress.
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- May 12 2015
India’s insurance employees’ union oppose hike in FDI
Increase would mean handing over the hard earned savings of the people to foreign capital, says AIIEA.
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- May 9 2015
Economic cost of Nepal earthquake could reach US$5bn – Aon
More than 700,000 homes, buildings and historical sites were damaged or destroyed.
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- May 6 2015
After Nepal quake, Indian insurers seek mandatory building code
Authorities asked to make earthquake-resistant construction codes mandatory.
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- May 5 2015
Bangladesh insurers seek withdrawal of insurance policy tax
Gains from life insurance policies urged to be withdrawn.
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- April 29 2015
Bangladesh to see first insurance JV if Mitsui Insurance gets license
Japan's largest insurance company, reportedly in talks with insurance regulators in Bangladesh.
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- April 28 2015
Nepal earthquake to expose developing nations’ low insurance penetration
Spending on property-casualty coverage less than US$4 per capita annually.
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- April 27 2015
India’s largest reinsurer assessing earthquake losses in Nepal
GIC Re sends a team of 10 surveyors to Nepal.
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- April 23 2015
Bangladesh to raise foreign stake in life insurance sector to 83%
Government keen to attract more foreign insurance companies to the country.
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- April 23 2015
Reinsurance Group of America names India head
Thomas Mathew appointed Managing Director and Chief Executive of RGA India.
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- April 20 2015
India’s general insurance growth hits three-year low
Slump in auto sales and lack of new projects reasons for single digit growth.
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- April 14 2015
Sri Lanka’s insurance industry grows 13.2%
Analysts expect more insurers to invest in Sri Lanka which has 22 licensed insurance companies operating in the Country.
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- April 13 2015
Sri Lanka’s insurance board names new director
Asanga joins IBSL having served in the government sector for the last decade.
