Government may inject funds into 3 Indian state-owned general insurers: report
March 14 2023 by InsuranceAsia News Staff
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Indian government reneges on capital support to state-owned general insurers: report
- August 28
The government last year provided US$600m in capital to National Insurance, Oriental Insurance and United India Insurance to meet regulatory solvency norms.
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BYD Auto to raise insurance arm’s registered capital by US$420m
- July 14
After the capital injection, BYD Property Insurance's registered capital will reach US$560m and the parent will maintain 100% shareholding.
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OneDegree raises US$27m in additional Series B fundraise
- June 29
The virtual insurer, which claims it is on track to achieving profitability by end-2024, will use the proceeds to grow its digital assets business and insurtech offerings globally.
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Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
- June 16
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.
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