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.
The UK union Unite has accused Aviva of betraying its UK workforce by offshoring hundreds of back office life insurance processing jobs to India.
An Insurance Regulatory and Development Authority report suggests a bank's broking unit will have an independent accountable unit.
The government owned insurer has warned that an energy insurance pool to cover oil imported from Iran might not be sufficient.
United India Insurance saw profits grow 36% for the fiscal year ending 31 March 2013.
India's Finance Minister P. Chidambaram has called on the general insurance sector to increase its penetration across the country.
United India Insurance wants to sell agriculture and weather products in Western India.
Monthly reports in India to show progress, hurdles and new measures at insurers.
The Insurance Regulatory and Development Authority in India has warned the general public to be careful of logistic services providers selling insurance illegally.
Dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013, according to Guy Carpenter.
74 people died and over 60 have been injured following the collapse of an unfinished building in Thane, a suburb of Mumbai.
India’s Banking Secretary Rajiv Takru has confirmed that the country will establish a 20bn rupee (€283m) insurance fund to cover refiners buying crude from Iran.
The Global Federation of Insurance Associations is encouraging the Indian government to take steps to open up the insurance market further.
Future Group today entered into a non-binding agreement to merge L&T General Insurance with Future Generali India Insurance, according to reports in the local media.
An Indian government panel wants a unified financial regulator.
Banks in India might need to set-up subsidiaries to sell insurance according to a source at the Insurance Regulatory Development Authority.
The Indian regulator has ruled that insurers can broaden their allocation of assets into alternative investment funds.
Transport association in India unhappy over a rise in third party insurance premiums.
The Insurance Regulatory and Development Authority, India's insurance regulator, has formed a committee to review insurance broker regulations.
India’s oil refiners may cease crude imports from Iran next month as a result of their inability to access cover due to Western sanctions, the head of its largest refiner has said.
Updating your subscription status
What is the claims environment like in Asia? What are insurers doing to manage increasing claims costs and is there sufficient expertise in the market to handle future claims?
Designing a multinational insurance programme is a complex undertaking. However, the right strategy and tools help optimise performance and boost bottom-line results. This Aon Benfield article addresses the key challenges to overcome, including cultural issues, regulations, business process management and risk.
Country Profiles provides individual summaries for Lloyd's key territories. These profiles contain factsheets on the economy, insurance market and Lloyd's business. This analyst report from September 2012 focuses on Singapore.