India
Talanx subsidiary HDI-Gerling Industrie opens in Bahrain
Talanx subsidiary HDI-Gerling Industrie Versicherung AG is opening a branch in Bahrain.
Indian regulator rubberstamps aggregator site
An Indian price comparison website has become the first to receive approval from the country's Insurance Regulatory and Development Authority after complying with new guidelines.
India to investigate 'womb removal' insurance scam
The Indian state of Chhattisgarh is investigating reports that thousands of women had unnecessary hysterectomies so that hospitals could make insurance claims, the BBC reported yesterday.
SSP wins major bancassurer deal in Asia
Insurance systems provider SSP has signed a major bancassurer deal in Vietnam.
Private-public partnerships key to improving India's healthcare
The private sector has an important role to play in helping India achieve its goal of universal healthcare, senior figures said at a recent health conference.
Mapfre to offer roadside assistance for bikers in India
Mapfre Assistance is to provide breakdown assistance for moped and motorcycle riders in India, after designing a trailer to transport two-wheeled vehicles.
AIR launches cyclone model for India
Catastrophe modeling firm AIR Worldwide has released a cyclone model for India.
Magma gets IRDA nod for joint venture in India
Asset financing company Magma Fincorp has gained approval from India's insurance regulator to start a general insurance joint venture.
ICICI Lombard launches health product to provide comprehensive care for families
ICICI Lombard General Insurance Company, India's largest private sector general insurance company, has launched its new Health Care Plus policy.
India's Bhartiya Janata Party continues to oppose FDI increase
Hopes of India's foreign direct investment ceiling being raised have been dashed once more after the opposition Bhartiya Janata Party pledged to vote against any bill that proposes raising the 26% limit.
IAG's Asian investment paying off
Insurance Australia Group is starting to gain "real traction" in Asia, according to chief executive Mike Wilkins.
India's IRDA plans to regulate micro-insurance
India's Insurance Regulatory and Development Authority is planning to issue guidelines for the country's micro-insurance segment to ensure growth.
Indian insurers urged to expand overseas
The Indian insurance regulator has urged homegrown insurers to spread their wings in the overseas market.
Future Generali targets rural segment with microinsurance product
Generali’s Indian joint venture Future Generali has launched a microinsurance product for rural business owners.
Interest in India’s domestic market wanes amid rising costs
Several prospective entrants to India’s domestic insurance market have put plans on hold due to rising costs as a result of new guidelines from the Insurance Regulatory and Development Authority.
India's non-life players grew premiums 18.27% in May
The Indian non-life insurance sector achieved premium growth of 18.27% in May compared with the same period in 2011, according to figures released by Insurance Regulatory and Development Authority.
Indian government needs to tackle insurance slump, says PM
India's government needs to tackle a sluggish insurance sector, according to Prime Minister Manmohan Singh.
India falls four places in insurance rankings after drop in life business
India has fallen four places in the world insurance market in the past year owing to a sharp drop in life insurance business, according to The Times of India.
Liberty Mutual joint venture to start writing Indian business
Liberty Mutual Insurance joint venture, Liberty Videocon General Insurance Company Ltd, has been granted regulatory approval to begin operating in India.
Indian ships allowed to import Iranian crude on CIF basis
India is likely to join Japan in circumventing insurance sanctions to continue importing Iranian crude oil.
Indian regulator launches consumer education website
The Indian Insurance Regulatory and Development Authority has launched a new website to help educate consumers about insurance matters.
Indian insurers asked to stop undercutting to save market
The Indian finance ministry is believed to have asked general insurance companies to stop under-pricing risks to get volume business and to return to pre-detariff prices to boost poor combined ratios.
Indian government outlines uninsured driver crackdown
Indian states have been asked to enforce third-party insurance of all vehicles.
Bharti Axa plans to grow business in India's west zone
Axa's Indian joint venture, Bharti Axa General Insurance Company, grew its gross written premium by 60% in 2011-12 to Rs 892 crore, according to the Times of India.