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India tag returned 1288 results

  • India: IRDAI plans to set up a pandemic risk pool

    Insurance Regulatory and Development Authority of India (IRDAI) has constituted a nine-member working group to consider a proposal to set up a pandemic risk pool for the Indian insurance industry.

    Asia | 13 Jul 2020
  • India: Claims more than triple in less than a month

    Increasing claims for the coronavirus pandemic have started hurting India's health insurance sector. Claimed amounts have more than tripled in less than a month to $75m as of 3 July. The total amount claimed for COVID-19 treatment on 8 June was $24m.

    Asia | 13 Jul 2020
  • India: Life insurance market sees 18.6% drop in first-year premium

    The life insurance sector witnessed an 18.6% fall in first-year premium to INR493.35bn ($6.6bn) in the April-June quarter of the current financial year, hit by the coronavirus pandemic, according to a report by CARE Ratings.

    Asia | 13 Jul 2020
  • China: Share of global market to almost double in next 10 years

    China's share of global premiums will continue to rise rapidly to an estimated 18% in 2030, half the share of the US, Swiss Re Institute predicts in its latest sigma report. The forecast 18% is almost double China's 10% share of the global market last year.

    Asia | 10 Jul 2020
  • India: Govt stops merger of 3 state-owned general insurers but will inject capital

    The government has called off the long-deliberated merger of the three public sector non-life insurers - National Insurance, Oriental Insurance and United India Insurance - and has announced an additional capital infusion of INR99.5bn ($1.3bn) into the companies.

    Asia | 10 Jul 2020
  • India: Airline offers insurance cover to passengers

    Indian low-cost airline SpiceJet has partnered with InsurTech player Go Digit to offer its passengers an insurance cover for COVID-19 treatment.

    Asia | 09 Jul 2020
  • India: Govt agencies look into allowing state run insurers to invest in funds-of-funds

    State-run insurers and pension funds may get the nod to invest in government-backed startup-focused fund-of-funds, depending on the outcome of talks among various government agencies.

    Asia | 09 Jul 2020
  • India: General insurer rolls out salary increments during pandemic

    While most firms are looking to retrench employees or slash salaries during the coronavirus-fuelled economic crisis, Future Generali India Insurance (FGII) has announced promotions, annual increments and variable pay-outs to all its employees according to a report from local news agency IANS.

    Asia | 08 Jul 2020
  • India: Online payment company to acquire insurer

    Paytm, an e-commerce payment system and FinTech company, has announced that it is set to acquire Mumbai based private sector general insurer Raheja QBE, a move which would be its entry into the Indian general insurance market.

    Asia | 08 Jul 2020
  • COVID-19 casts shadow on insurers operations, says survey

    A survey conducted by the Insurance Institute of India (III) has revealed that COVID-19 will have a long-lasting impact on the insurance sector, which will have to accelerate digital transformation and reskill the workforce to stay relevant and competitive in the future.

    AIRPlus | 07 Jul 2020

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