India
IRDA to let banks become insurance brokers
The Insurance Regulatory and Development Authority in India may allow banks to become as insurance brokers, the Times of India reported.
United India cleared on market abuse claims
India’s competition commission has rejected claims of abuse of dominance against United India Insurance and its third party administrator E-Meditak in medical insurance market.
Indian regulator ramping up analytics focus
India’s Insurance Regulatory and Development Authority is to launch a new information office for the collection and analysis of data from insurers, according to reports.
Employment: Port in a storm?
Does the insurance sector’s resilience in a difficult economic climate make it a safe haven for employees, or are industry staff in as much peril as the rest of the UK workforce?
Xuber increases global workforce by 25%
Xuber, Xchanging’s insurance software business, is continuing its expansion with an international recruitment drive.
Oriental Insurance to lead flood-claims assessment in India
Oriental Insurance is thought to be assessing the claims arising from the devastating floods in Uttarakhand, on behalf of all four PSU general insurers, according to an industry source.
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
Low-levels of insurance could belie true cost of North-India flooding disaster
Uttarakhand now faces the challenge of settling the large number of claims likely to be filed in the wake of the devastating floods.
Indian insurance sector set for premium spike
Direct insurance premiums will climb 11% over the next four years according to Indian Chamber of Commerce president Rajiv Mundhra.
Air Asia to offer insurance products in India
Malaysian airline Air Asia is looking to expand its insurance products into India.
Indian employers' insurance inadequate, claims ICICI survey
One in every four employers in India believe that the existing sum insured taken for their employees is inadequate, according to an online survey by ICICI Lombard General Insurance.
Tata Consultancy launches insurance 'ditigal wallet' app for drivers
A smartphone app allowing insured drivers to digitally store their insurance documents has been launched in India by Tata Consultancy Services.
Europe: Draining energy
Europe was fast out of the blocks with its carbon emissions schemes but the financial downturn and the emergence of Asia and Latin America is threatening its future, Steve Kingshott writes.
Over 6 000 missing in India's floods, feared dead
Landslides and monsoon flooding in the mountains of North India have caused devastation, with over 6 500 now thought to have been killed.
Indian trade union calls for Insurance Bill to be scrapped
Members of the All India Insurance Corporation Employees Association called for the government to withdraw the controversial Insurance Bill at their annual conference this week.
Heavy rain death toll rises in India
Earlier than usual monsoon rain has killed at least 70 people in India, with the north of the country the worst hit.
Indian insurers trial telematics
A box which monitors driver's behaviour to help adjust premiums is being trialled by several insurers in India.
50 killed in India after unusual heavy June rain
50 people have been killed in strong early monsoon rains in India after the monsoon season started two weeks early.
Early monsoon rain causes airport damage in Delhi
Powerful monsoon rain including a record amount at Delhi's Indira Gandhi Airport meaning passengers had to wade through water.
Indian regulator wants more affordable insurance
The chairman of the Insurance Regulatory Development Authority TS Vijayan wants more affordable insurance to help low-income families buy insurance.
Berkshire India to stop online sales
Berkshire India, the Indian arm of Warren Buffet's Berkshire Hathaway has failed to see its online offering spark into life.
India's GDP growth slows
India has recorded its worst GDP growth in a decade as fears persist over high inflation and a slump in manufacturing.
Indian reinsurer eyes Lloyd's
India's national reinsurer General Insurance Corporation wants to buy a Lloyd's syndicate to significantly expand its presence globally.
Private Indian insurers can operate overseas
The Insurance Regulatory Development Authority in India is opening up the door from Indian insurers to have overseas operations.