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India tag returned 443 results

  • India: Govt-owned insurer offers country's first P&I cover

    State-run New India Assurance has launched a new insurance cover, namely, protection and indemnity (P&I) cover for Indian registered vessels, starting with vessels plying local routes. This is reportedly India's first P&I cover by a domestic insurer.

    Asia | 25 May 2018
  • India: Biggest bank to sell strategic stake in non-life insurer

    India's largest bank, State Bank of India (SBI), will sell a stake of 3-5% in its general insurance subsidiary SBI General Insurance in the current financial year to 31 March 2019.

    Asia | 24 May 2018
  • Reinsurance buying in Asia hints at mindset maturity

    The year 2017 was another record-breaking year of insured losses, but Asia managed to catch some respite with economic and insured losses substantially lower than previous years. Allianz Re regional CEO Kenrick Law takes stock of Asia's performance last year as he outlines the trends potentially set to dominate the industry in 2018.

    AIRPlus | 23 May 2018
  • Bajaj Allianz GIC's chatbot just got smarter with Google Assistant

    Voice interfaces like Alexa and Google Assistant are going to have an immense impact on human-to-machine interaction, eventually replacing keyboards, mice and touch.

    AIRPlus | 23 May 2018
  • India: Internet shutdowns cost economy $3bn from 2012-17

    16315 hours, or approximately 680 full days of Internet shutdowns in India cost its economy approximately $3.04bn during the period 2012 to 2017, says a recent report from the Indian Council for Research on International Economic Relations.

    Asia Risk | 23 May 2018
  • India: M&A deals brewing in insurance sector

    Several insurance M&A deals are currently being negotiated, involving names like Star Health & Allied Insurance, IDBI Federal Life Insurance, Royal Sundaram General Insurance, IndiaFirst Life Insurance and Policybazaar.

    Asia | 23 May 2018
  • India: Regulator wants state owned general insurers to inject more funds before merger

    The insurance regulator wants three state-run insurers to inject funds of INR100 billion ($1.47 billion), to boost their capital to meet solvency and growth targets before the insurers merge, reports BloombergQuint.

    Asia | 22 May 2018
  • India: Finance Ministry interviews candidates for top posts at state owned general insurers

    The Finance Ministry has interviewed 10 candidates to select the new chairman and managing directors (CMDs) of three public general insurance firms - New India Assurance (NIA). National Insurance Company (NIC) and United India Insurance (UII).

    Asia | 21 May 2018
  • The logistics sector needs an insurance push

    A report titled 'Insurance requirements of the Indian logistics and warehousing industry and their customers', on the need for insurance in India's logistics sector was released by the Minister for Road Transport & Highways, Shipping and Water Resources, Mr Nitin Gadkari in New Delhi last month. The findings of the report are based on a joint study conducted by the Insurance Institute of India (III) and Transport Corporation of India (TCI), India's leading multimodal integrated logistics provider.

    AIRPlus | 18 May 2018
  • India: 2nd biggest state bank to float insurance unit

    India's second largest state-run bank, Punjab National Bank (PNB), has revived plans to list PNB MetLife Insurance, a move that could help the scam-hit bank raise capital.

    Asia | 18 May 2018

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