India
500 million microinsurance schemes worldwide, says report
The number of microinsurance schemes has reached an estimated 500 million worldwide, according to the Microinsurance Innovation Facility and the Munich Re Foundation.
Indian regulator asked to help fix 'suicidal competition'
Indian Finance Minister Pranab Mukherjee has directed the Insurance Regulatory and Development Authority to suitably address the 'suicidal competition' among insurers as undercutting each other by offering policies at low premiums for a bigger market…
Microinsurance up as insurer interest rises
Microinsurance schemes worldwide now reach an estimated 500 million people.
Countdown to ISA: Q&A with Aviva's Simon Machell
Simon Machell, chief executive of Aviva Asia Pacific, will be part of the panel debate on The outlook for insurance in Asia at Insurance Strategy Asia taking place in Hong Kong on Tuesday 29 May.
Indian home insurance market faces apathy
While the popularity of home loan insurance cover has shot up, hazard or home insurance cover is yet to pick up.
Indian insurers praise deductibles hike
An increase in deductibles for third-party motor premiums by the Insurance Regulatory and Development Authority has been praised by the insurance industry, despite frustrating consumers.
Iran sanctions have unintended consequences
Economic sanctions against Iran are an important part of European Union and US attempts to force the country to curb its nuclear programme. But, as Francesca Nyman reports, increasing concern has been voiced in recent months that measures aimed at the…
Declined risk pool aims to reduce losses for India's motor sector
The Insurance Regulatory and Development Authority's decision to implement a declined risk pool system for third-party motor insurance is likely to reduce the losses for Indian insurers, according to industry insiders.
South Asia slow down: is this a blip or the new normal?
South Asia is probably the region of the world most acutely aware of the interconnectedness of growth prospects across countries in the developed and developing world.
IRDA scrutinises bank stakes in Indian insurers
Equity tie-ups between Indian insurers and their bancassurance partners are coming under scrutiny from India’s insurance regulator.
Bangladesh regulator to set rate for commissions
The Bangladesh Insurance Development and Regulatory Authority is to revive commission for general insurance business against premiums.
Iranian oil: sovereign cover requested by Indian shipowners
One of India's largest shipping companies, SCI, has requested sovereign guarantee from the government to domestic shipliners for transport of crude oil from Iran.
In Series Emerging Markets: Asia has the right ingredients
Asia has all the key elements for an emerging market, with a number of countries in a vast and diverse area at various stages of development. How can insurers crack this market?
London tops KPMG report for investment
KPMG's Global Cities Investment Monitor has shown that London remains the top city in the world for foreign investment.
In Series Emerging Markets: Asia has the right ingredients
Asia has all the key elements for an emerging market, with a number of countries in a vast and diverse area at various stages of development. How can insurers crack this market?
In Series Emerging Markets: Drawing on professionalism
With capital continuing to pour into Asia, talent and professionalism is an issue that the Chartered Insurance Institute is well-placed to tackle.
Asia helps Bupa shore up drop in European revenue
Healthcare group Bupa has announced revenues of £8bn for the year ended 31 December 2011, with strong performances in Asia.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Indian insurers delay reinsurance treaties as primary premiums harden
Indian general insurers have delayed finalisation of the reinsurance treaties for the next financial year, according to a new report.
Asia-Pacific reaches 3.3 million HNW overtaking Europe
Asia is now second only to North America in the number of high net worth individuals, and this continues to rise by 10% year on year, according to a new report.
Liberty CEO talks up China, India and Quinn after 87% drop in pre-tax income
Liberty Mutual has reported net income of $284m and $365m for the three and twelve months ended 31 December 2011, decreases of $292m and $1.313bn from the same periods in 2010.
Axa and QBE strike deals with HSBC for Asian and Central/South American P&C businesses
Axa and HSBC announced today they have entered into an agreement whereby the French insurance giant would acquire the bank’s property and casualty businesses in Hong Kong, Singapore and Mexico.
Fraud rises 70% in Indian general insurance
Indian insurance companies incurred losses of over Rs30,000 crore in 2011 due to fraudulent activity, according to a recent study by Pune-based firm Indiaforensic.
Brics are not quick wins, says Lee
The emerging markets of Europe, the Middle East and Asia present "substantial opportunities", but insurers must be prepared to make a long-term commitment, according to RSA's chief executive officer.