India
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
US firm Arthur J. Gallagher acquires Mumbai broker Edelweiss
The deal is still subject to regulatory approval.
Changes to India's LIC Act takes effect
This is seen as a major step towards LIC's proposed IPO.
Richard Holloway joins panel of judges in the Insurance Asia Awards 2021
Millman’s South-East Asia managing director believes that markets are showing signs of recovery despite the decline in new business sales during the pandemic.
India's Digit Insurance secures $200m in latest funding round
The investment will result in a 5% dilution of the firm's equity.
India's life sector projected to hit $98.5b in GWP by 2024
Catalysts include favourable demographic factors and economic recovery expected over H2 2021.
Indian life insurers' new business premiums inch 7% in FY2020-21
Private insurers grew 8% in individual business, whilst group business saw a 20% growth.
What to expect from India's health insurers amidst COVID-19 resurgence
The sector is already expected to hike its premium rates in response to claims experience.
GIC Re posts $268.3m net profit for FY2021
Gross premiums during that period fell 7.1%.
Bharti AXA Life's total premium income inch up 4.3% in FY2021
Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.
Policybazaar aims to launch 100 retail stores across India
Through the stores, clients can lodge queries or service requests.
India's RenewBuy pool $45m in Series C funding
It will use the investment to compete with PolicyBazaar.
India issues indemnity guidelines for insurance intermediaries
Policies issued will cover damages resulting from breaches of duty.
India's Policybazaar granted insurance broking licence
It will now surrender its web aggregator licence.
Indian non-lifers post strong growth in May despite pandemic
Premium growth was driven by the low base effect plus growth in the health segment.
Indian general insurers expect single-digit premium growth in FY2022: report
It is expected to post a 3-4.5% marginaL ROE due to investment income.
India's Star Health raises $164m in pre-IPO funding
Singapore's GIC led the funding, investing $182m (INR6b).
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
