India
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.
- 17 May 2013
Aviva offshores 600 jobs to India
The UK union Unite has accused Aviva of betraying its UK workforce by offshoring hundreds of back office life insurance processing jobs to India.
- 15 May 2013
Indian banks may need independent broking arm
An Insurance Regulatory and Development Authority report suggests a bank's broking unit will have an independent accountable unit.
- 10 May 2013
New India Assurance warns over government Iran oil cover
The government owned insurer has warned that an energy insurance pool to cover oil imported from Iran might not be sufficient.
- 06 May 2013
United India Insurance profits up 36%
United India Insurance saw profits grow 36% for the fiscal year ending 31 March 2013.
- 30 Apr 2013
India has 0.7% general insurance penetration
India's Finance Minister P. Chidambaram has called on the general insurance sector to increase its penetration across the country.
- 25 Apr 2013
United India wants to expand agriculture insurance to Maharashtra
United India Insurance wants to sell agriculture and weather products in Western India.
- 16 Apr 2013
India's government wants monthly insurer reports
Monthly reports in India to show progress, hurdles and new measures at insurers.
- 15 Apr 2013
Indian regulator weary of fake insurers
The Insurance Regulatory and Development Authority in India has warned the general public to be careful of logistic services providers selling insurance illegally.
- 12 Apr 2013
Non-traditional capacity hits Asian market at April renewals
Dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013, according to Guy Carpenter.
- 10 Apr 2013
Building collapse in India kills over 60
74 people died and over 60 have been injured following the collapse of an unfinished building in Thane, a suburb of Mumbai.
- 05 Apr 2013
India's banking secretary confirms 20bn rupee energy fund
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.
- 04 Apr 2013
Global insurer body calls for more foreign investment in India
The Global Federation of Insurance Associations is encouraging the Indian government to take steps to open up the insurance market further.
- 02 Apr 2013
Future Group to sell GI stake
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.
- 26 Mar 2013
Government panel recommends unified Indian regulator
An Indian government panel wants a unified financial regulator.
- 26 Mar 2013
India's banks may need subsidiaries to sell insurance
Banks in India might need to set-up subsidiaries to sell insurance according to a source at the Insurance Regulatory Development Authority.
- 22 Mar 2013
Indian insurers allowed to make alternative investments
The Indian regulator has ruled that insurers can broaden their allocation of assets into alternative investment funds.
- 22 Mar 2013
India set for strike over premium hike
Transport association in India unhappy over a rise in third party insurance premiums.
- 21 Mar 2013
Indian regulator reviews broker regulations
The Insurance Regulatory and Development Authority, India's insurance regulator, has formed a committee to review insurance broker regulations.
- 18 Mar 2013
Indian refiners to halt Iranian oil imports
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.
- 08 Mar 2013
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