India
Howden gets regulator nod to acquire 100% of India business
India’s government allows 100% foreign ownership of insurance intermediaries.
India’s Digit Insurance eyes $500m IPO
It plans to file the necessary papers by September.
Indian insurers forbidden from advertising services not part of cover
The regulator said this is ‘unacceptable’.
Paytm launches joint venture general insurance firm
This comes after its initial intent to purchase a non-life business fell through.
India life insurers received $2.17b in COVID-19 claims
Data revealed that death claims rose dramatically in 2021.
India health insurance premiums jumps 25% amidst pandemic
The hike was attributed to the second wave of COVID-19 infections.
Fishery experts recommends climate insurance for Indian fishermen
This could help mitigate risk following natural calamities.
Swiss Re launches second innovation hub in India
It is set to launch in Hyderabad in September
More Indians eager to buy insurance on the rise: survey
The survey aims to identify behavioural shifts in insurance buying trends.
LIC closes IPO with nearly three-fold oversubscription
The IPO of a 3.5% stake is now India’s biggest.
Generali buys 25% stake in Indian insurance JV from embattled Future Group
The transaction valued $165.21m.
India’s LIC IPO subscribed 67% on first day
The $2.7b IPO is India’s biggest public issue.
IRDAI hike insurers cap on exposure
The Indian insurance regulator has increased the limit to 30%.
India insurtech Turtlemint nears unicorn status in latest funding round
It recently raised $120m in a Series E funding round.
Generali Asia appoints new India life insurance chief
The new chief has over 34 years of experience in the life and P&C business.
India slashes LIC IPO to 3.5%
The IPO was initially set at 5%.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
