India
Aviva's Spencer admits Lloyd's re-entry still possible
Aviva’s new chief executive of general insurance in the UK & Ireland hopes to stay in his new role for at least three to four years in a bid to bring some continuity to the business he joined 17 years ago.
Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
United India appoints Kharat as chairman and MD
United India Insurance Company has appointed Milind Kharat as chairman and managing director.
Indian FDI raise could drive broker M&A
India's insurance broking industry may see a rise in mergers and acquisitions if the proposed increase in the foreign direct investment limit is passed by parliament, according industry sources.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Religare Health Insurance opens for business in India
Religare Health Insurance has launched as a standalone health insurance player in the Indian market.
Report finds opportunities for commercially viable rural livestock cover
Technological improvements and growing demand offer hope for "commercially viable and welfare-enhancing livestock insurance", despite early failures, according to a report by the International Labour Organisation and the Munich Re Foundation.
Lord Mayor of London welcomes Indian FDI decision for UK firms
Opening India's insurance sector will bring in more capital to the under-capitalised sector, according to the Lord Mayor of London.
HDI-Gerling takes 26% stake in Indian Magma ready for FDI increase
German insurance company HDI-Gerling has paid four times premium on Rs26 crore for its 26% stake in Indian firm Magma HDI General Insurance Co with a commitment of raising the holding to 49% when the government allows it.
IRDA issues new bancassurance guidelines
India's Insurance Regulatory and Development Authority published revised draft regulations on bancassurance tie-ups this week giving more flexibility to banks and insurers.
Q&A with Fiona Le Poidevin, Guernsey Finance
After taking over from Peter Niven in July, Fiona Le Poidevin is just three months into her role as chief executive of Guernsey Finance, the promotional agency for the island of Guernsey. She spoke to Francesca Nyman about raising Guernsey's profile, the…
Tata AIG in bancassurance tie-up
AIG's Indian joint venture has formed an agreement with India's Axis Bank to offer insurance products via the private bank's distribution network.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past ten days.
Indian FDI progresses, but hurdles remain
Insurers hailing the Indian cabinet's approval of a bill raising the foreign direct investment limit in insurers to 49% may be celebrating prematurely, as opposition parties could still block the bill's passage through parliament.
"Essential" FDI could raise Rs 30,000 crore, says India's regulator
Raising the cap on foreign direct investment in Indian insurers could attract Rs 30,000 crore to the industry, India's insurance regulator has said.
IRDA plans to approve 10 standard insurance products
India's insurance regulator plans to develop 10 standard products which can be launched by insurance companies without seeking regulatory approval.
IRDA to penalise insurers refusing third-party motor cover
India's Insurance Regulatory and Development Authority will take "severe" penal action against general insurance companies refusing third-party motor insurance.
India's cabinet approves FDI hike
India's government has approved the long-awaited increase in the cap on foreign direct investment in Indian insurers.
Indian regulator supports raising FDI cap
India's insurance regulator has echoed calls from insurers to raise the country's foreign direct investment cap to 49% from 26%, saying the injection of foreign funds would benefit the country's insurance industry.
Top five Asian stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
An opportunity for better risk management and growth in India
As the Indian property and casualty market continues to evolve, Dr Vankayalapati Padmavathi explores how the market is now looking to develop solutions to cater for those who are exposed to catastrophic risks, but are too poor to afford insurance.
UK exporters could bask in Indian summer, says Coface
The business climate in India offers encouragement for UK companies wanting to take advantage of the country’s thriving technology and services markets, according to a report by credit insurer Coface.