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India tag returned 588 results

  • Milliman hires Heerak Basu as consulting actuary

    Milliman announced the appointment of industry veteran Mr Heerak Basu as consulting actuary, based in Mumbai.

    People | 19 Oct 2018
  • India: Insurance industry forecast to cross US$100bn mark in FY2019

    India's insurance industry is expected to see total premiums of INR6.8trn ($105bn) in the current financial year ending 31 March 2019 (FY2019).

    Asia | 19 Oct 2018
  • India: Introduction of risk-based capital rules likely to be postponed to 2021

    Risk-based solvency rules in the insurance sector are likely to be implemented in India in the fiscal year starting 1 April 2021, representing a postponement of two years from the originally scheduled start date of 1 April 2019.

    Asia | 18 Oct 2018
  • India: Panel to study paying non-life claims in instalments

    The IRDAI has formed a panel to examine the feasibility of paying out general and health insurance claims in instalments.

    Asia | 17 Oct 2018
  • Global reinsurers key to make market sustainable

    The Indian government's ambitious crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY), is raking in the money for insurers and presents huge opportunities for the global reinsurance sector. PMFBY has made agriculture insurance the third largest line of insurance after motor and health in India and is reinsurance driven and is currently contributing about one third of total reinsurance premiums in India.

    AIRPlus | 16 Oct 2018
  • India: E-commerce giant Flipkart clinches corporate agent licence

    Local e-commerce giant Flipkart has said it will be entering the insurance market after securing a corporate agent licence.

    Agents | 16 Oct 2018
  • India: Govt to build talent pool for succession in public sector insurance sector

    The government will create a talent pool of officials who will be eligible for fast-track promotions to hold the top positions at public sector general insurance companies, say Finance Ministry officials.

    Asia | 16 Oct 2018
  • Insurers rake in the moolah from insuring the gods

    India, a land where millions of deities are worshipped daily, is now seeking insurance for the gods themselves. In a telling reflection to the times, religious festival organisers now believe that they and their gods could do with some insurance cover during the festival days. Industry sources reveal that in the city of Mumbai itself insurance cover worth $80m was taken this year during the Ganesh (elephant god of the Hindus) festival.

    AIRPlus | 15 Oct 2018
  • India: Foreign reinsurers continue to lobby regulator

    Foreign reinsurance companies have made another appeal to the IRDAI to relax the order of preference for reinsurance business in India, before reinsurance contracts are due to be renewed on 1 January.

    Asia | 15 Oct 2018
  • India: Adequacy of nuclear liability insurance discussed

    Global nuclear industry players and Indian insurance companies met at the two-day India Nuclear Business Platform earlier this week, at which the adequacy of nuclear liability insurance was discussed, particularly with the Indian government planning on expanding nuclear power plants.

    Asia | 12 Oct 2018

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