India
Indian opposition to consider increase in foreign investment cap
As Indian political elections loom, the opposition party has pledged to consider raising the foreign investment cap in insurance from 26% to 49%.
Cigna partners in India with TTK
US health insurer Cigna has entered into a health insurance joint venture with Indian conglomerate TTK Group. The new venture is to be called Cigna TTK.
London P&I Club issues warning over cargo liquefaction
The London P&I Club has said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight on the problem of cargo liquefaction.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
India to review foreign ownership threshold of intermediaries
The Insurance Regulatory Development Authority has formed a panel to look at increasing the foreign ownership threshold of Indian intermediaries and third party administrators from 26% to 100%.
AIA pens 15 year 11 country deal in Asia-Pacific with Citibank
AIA and Citibank have reached a huge 11 country 15 year bancassurance distribution agreement for life and health insurance products at Citibank's 600 strong Asia-Pacific branch network.
Indian GI market to grow strongly over next four years
Underinsurance in India is expected to spur growth over the next four years according to ratings agency Care Ratings.
Cyclone Helen kills six in India
Six people died when a cyclone hit Southern India on Friday.
Iran nuclear deal could help boost oil exports
The weekend agreement between Iran and the West over its nuclear capabilities could give a short term boost to oil exports as insurance coverage could be extended quickly.
Claims Awards Asia: the winners
Last night the winners of the Claims Awards Asia were announced at the inaugural awards ceremony in Hong Kong.
Over 40 people die in Indian floods
48 people have been reported dead in floods in the Indian states of Andhra Pradesh and Orissa within the last week.
MetLife makes two senior appointments in Asia
MetLife has appointed a replacement managing director of PNB MetLife, its Indian operation and a head of bank distribution in Asia.
RSA relocating Indian call centres to UK
RSA is to close its Indian call centres and create 70 new jobs in the UK.
Claims Awards Asia: The Shortlist
Insurance Insight is delighted to announce the shortlist for the inaugural Claims Awards Asia.
No major insurance losses expected from typhoons Nari and Phailin
The two most recent typhoons in Asia are unlikely to cause major insurance losses according to industry experts.
China and Asean countries agree to $1trn of trade investment by 2020
China and the Association of South-East Asian Nations (Asean) agreed at this week's Asean conference to upgrade two-way trade to $1trn by 2020.
Huge powerful typhoon heading towards India
A potentially destructive storm called Phailin is heading towards India this weekend.
Indian Prime Minister warns over natural disaster threat
The Prime Minister of India Manmohan Singh has warned India needs to take greater preventative measures towards the onset of natural disasters.
Indian motor market struggling
The Indian insurance motor market is struggling to make money as its average combined ratios are over 140%.
Dakshina Kannada to provide livestock insurance again
The Indian region of Dakshina Kannada in the state of Karnataka has reintroduced livestock insurance.
Express train crashes in India
37 Hindu pilgrims were killed and several injured when the train crashed into the pilgrims at a railway station in the eastern Indian state of Bihar.
India confirms banks can become brokers
The India Regulatory Development Authority has confirmed banks can become brokers and sell the products of several general and life insurers.
GFIA supports Indian Insurance Amendment Bill
The Global Federation of Insurance Associations has written to the Indian Prime Minister Dr Manmohan Singh to offer its support for the proposed Indian Insurance Law Amendment Bill.
Aviva 'seeking India exit'
There are reports that Aviva is seeking to exit from its joint life insurer venture in India.