India
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.
Asian highlights of the week
A round-up of the best articles featuring Asia on Insurance Insight this week.
Indian regulator signs global information exchange agreement
The International Association of Insurance Supervisors has added India to a regulatory information exchanging agreement which now spans 37 countries and 54% of premium volume.
India to change broking placement regulations
New proposals from the Insurance Regulatory and Development Authority wants to place greater caps on where brokers place their business with insurers.
IRDA report paves way for banks to become brokers
A report on broking regulations by India’s Insurance Regulatory and Development Association has said banks will be allowed to become brokers, but that those wishing to do so may have to have a segregated broking arm.
Cyclone Mahasen makes landfall "destroying thousands of homes"
The first tropical cyclone in the Northern Indian Ocean this season, Tropical Cyclone Mahasen, made landfall northwest of Chittagong, Bangladesh, at about 6am UTC on Thursday, May 16.