India
Top 10 news stories
Find out what the market has been reading about this week with the top 10 news stories from www.insuranceinsight.eu
Life insurers need derivatives to hedge risks, says IRDA chairman
The chairman of India's insurance regulator has indicated that it may relax the ban on life insurance companies investing in derivatives, in a speech at the 14th Global Conference of Actuaries in Mumbai.
Indian shipping firms may look to China for insurance
Indian shipping companies may turn to China in their struggle to find replacement insurance coverage when EU sanctions on Iranian oil come into force.
Quarter of Indian consumers think life insurance is not important
Insurers in India face an uphill struggle to persuade consumers of the need for life insurance, a recent study indicates.
Emerging markets present growth opportunities for energy firms
Despite geo-political turmoil, many economies now present increased growth opportunities for global energy companies due to decreasing political risk and improvements in legal and regulatory environments, according to risk analysis company Maplecroft.
Indian insurance industry to go electronic in 2013
India's insurance sector could move into a paperless system next year, as the Insurance Regulatory and Development Authority has confirmed it is currently choosing data repositories.
Lloyd's reaches out to Indian market
Lloyd's managing agents and brokers from London and Singapore attended Lloyd’s first seminar in India today.
New rules for reinsurance writers in India
India’s supervisory authority, the IRDA, has issued new regulatory requirements for reinsurers writing cross border risks in the country.
IRDA snubbed as India's finance ministry forms insurance committees
India’s finance ministry has formed four committees to consult on insurance business in the country, drawing representatives from insurance companies, industry bodies, rating agencies and finance ministry officials.
Q&A Asia: Generali
As part of Insurance Insights new remit to cover Asia, Assicurazioni Generali’s deputy general manager Valter Trevisani (pictured) spoke to Francesca Nyman to discussed the insurer’s plans there.
Spotlight on environment: Providing protection
With climate change increasing the likelihood of natural disasters, insurers must influence the debate on how businesses and governments manage risks such as supply chain failure.
Insurer most trusted financial services brand in India according to report
The Life Insurance Corporation of India has come out top in a poll to find the country's most trusted brand in the banking and financial institution space, for the second consecutive time.
Indian Government launches new insurance scheme for overseas workers
The Indian government has unveiled a new pension and life insurance scheme that would benefit over 5 million of the country’s unskilled and semi-skilled workers employed overseas.
Indian COR poll
When will the Indian non-life market reach a combined operating ratio of 100%
Indian insurers turn their back on agency model
Since April 2010 the Indian life insurance industry has lost nearly a third of its corporate agents while most of the large life insurers have lost 50% of corporate agents, according to a new report.
Profits still elusive in growing Indian insurance market
Further growth is anticipated for India’s insurance market but achieving profitability remains a struggle for many insurers, according to a recent AM Best report.
South appointed CEO of Marsh Europe
Marsh has appointed Martin South to the newly-created position of chief executive officer of Marsh Europe.
Q&A Asia: Ageas
As part of Insurance Insight's new remit to cover Asia, Ageas's chief executive officer Gary Crist(pictured)spoke to Francesca Nyman to explain the insurers reach in the region.
WHO expert calls for cashless insurance system for Indian healthcare
Indian health insurance should cover more than it currently does according to experts at a recent one-day national consultation on the state of the market.
Eurozone financial services companies face challenging 2012
Solvency will remain a key challenge for Eurozone financial services companies throughout 2012, despite the positive action taken by the European central bank.
News analysis: Lloyd’s CEO Ward outlines diversity message with ambitious three-year plan
The start of every New Year is inevitably accompanied by the desire to deliver on resolutions made the month before — and Lloyd’s is no different.
IAG secures multi-year reinsurance protection
Insurance Australia Group has finalised its catastrophe reinsurance programme for the period commencing 1 January 2012, encompassing protection of up to $4.7bn ($3.63bn), compared to $4.1bn in 2011.
Guernsey financial services body welcomes India tax agreement
Guernsey has signed a tax information exchange agreement with India.
Swiss Re reports on 'promising' future for emerging markets
Swiss Re’s latest sigma report claims insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising.