India
United India to enter Middle East and South Asia markets
State-owned United India Insurance Company plans to enter the Middle East and several South Asian countries owing to the large number of non-resident Indians living in these areas.
Insurance Insight - Regulation not restriction
In this latest digital edition Insurance Insight looks at the close eye Asian insurers are keeping on regulation with the growing emphasis on a hands-on approach by regulators.
The emerging business travel risk
Global travel is an important part of today’s business world, but as Pat Drinan explains increased compliance issues can come with insuring risks across borders.
Italy's SACE expands in India with permanent Mumbai office
Italy-based credit insurer SACE SpA has launched its Indian operations with the establishment of an office in Mumbai.
III plans Apac expansion
Singagpore-based India International Insurance Pte, a joint venture of India’s five State-owned insurance companies, plans to expand operations into Vietnam and Malaysia in the coming years.
United India may shed loss making lines
Stemming underwriting losses will be Milind Kharat's first task as the head of public Indian insurer United India Insurance Company, the new chairman has said.
Blog: Why the FDI backlash?
Few concepts in recent times have divided Indian public opinion more than foreign direct investment.
Willis implements Sequel software in UK and India
Willis Re, the reinsurance arm of global broker Willis, has implemented Sequel’s Eclipse broking software.
Delhi drivers to face emissions-linked insurance
Motor insurance in India may soon be linked to a vehicle's emissions as part of new regulations aimed at cutting pollution in Delhi.
Petroleum and gas secretary front runner in IRDA chairman race
Girish Chandra Chaturvedi is being tipped to take the helm of India's Insurance Regulatory and Development Authority when the term of current chairman J Harinarayan comes to an end early next year.
United India reports 18% rise in GWP and improved COR for H1 2012
United India Insurance Company has reported an 18% rise in gross premium in the half year ended 30 September 2012 at Rs. 4,757 crore against Rs. 4,033 crore in the same period in 2011.
State run Indian GI insurers seek common TPA arrangement for health
State-run Indian general insurance companies are setting up a common third-party administrator to settle medical insurance claims, to trim unwieldy claims ratios and boost profitability.
Fire losses make up 50% of Indian GI claims
Fire losses accounted for over half of the claims lodged with Indian general insurance companies in 2011-12.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
India-based GI insurers see rise in premiums
General insurance companies in India have seen an 18.6% rise in premiums in the current financial year.
Ship that ran aground during cyclone had valid insurance, owner says
The oil tanker Pratibha Cauvery, which ran aground during Cyclone Nilam, was seaworthy and had valid insurance cover, according to a marine manager at Pratibha Shipping Company.
HSBC India denies reports of suspended insurance sales
Hong Kong and Shanghai Banking Corp has denied that it has stopped selling insurance in India, following media reports that the company had suspended sales after allegations of mis-selling.
Emerging markets expansion rewarded by equities analysts
Insurance equity analysts expect higher profitability from the best-performing insurers, despite difficult market conditions, and will reward those that expand into emerging markets, a global survey by Accenture found.
Cyclone Nilam makes landfall near Chennai
Tropical cyclone Nilam, the second named cyclone of the 2012 North Indian Ocean cyclone season, made landfall in the Indian state of Tamil Nadu at about 4.30pm local time on Wednesday with maximum wind speeds of 80km-90km per hour, according to…
Xchanging expands Apac footprint
Business process outsourcing provider Xchanging is to open delivery centres in China and the Philippines.
Top five Asian news stories
The top five Asian news stories on www.insuranceinsight.com over the past seven days.
Indian insurers and the international expansion challenge
Foreign expansion is touted as the way forward for Indian insurers. But, while some may look overseas for growth, establishing a business outside the country is not an option for most of India's insurers.
UK insurance group eyes Turkey and India acquisitions
UK insurance group BGL Group is to target Brazil, India and Turkey in a bid to widen its international footprint.
Spotlight on Economy and Society: Big money in micro insurance?
Eager to tap into new markets, insurers are forming new micro insurance partnerships in the far corners of the world.