India
AIR Worldwide : Tropical Cyclone Nilam makes landfall near Chennai, India
According to catastrophe modeling firm AIR Worldwide, Tropical Cyclone Nilam began crossing the Tamil Nadu coast at about 4:30 PM local time (11:00 UTC)...
AIR Worldwide : cyclone model for India released
Catastrophe risk modeling firm AIR Worldwide (AIR) announced that it has released a cyclone model for India. The new peer-reviewed model, which was developed...
Axa : termination of negociations between Axa, Bharti and Reliance Industries
AXA, Bharti, Reliance Industries and its associate Reliance Industrial Infrastructure announced today that they have mutually agreed to terminate their negotiations on the proposed...
City of London Corporation : huge growth potential in Chinese and Indian insurance and pensions market
The City of London Corporation reports that the insurance and pensions sectors in China and India offer huge potential for rapid growth.
‘Insurance companies and...
RMS : earthquake struck Sikkim, India
The region of Sikkim in India was struck by a magnitude 6.9 (moment magnitude) earthquake on Sunday. The USGS have released a depth estimate of...
India / bancassurance : authorities should allow banks to have up to four insurance companies as partners
The Insurance Regulatory and Development Authority in India should soon be authorising banks to partner-up with up to four insurance companies. Banks, at present,...
AXA : Reliance Industries Limited buys Bharti’s stake in India jointventure
AXA, Bharti Enterprises (“Bharti”) and Reliance Industries Limited (“RIL”) announced having reached an understanding on the acquisition by RIL and its associate Reliance Industrial...
Warning : Superbug found in New Delhi water
Urgent global action is needed to prevent the spread of a multi-drug-resistant "superbug" after it was found in water supplies in the Indian capital,...
Japan’s Nippon buys 26% of Reliance Life for $680 mln
Japan's Nippon Life Insurance said Monday it had bought a 26 percent stake in billionaire Anil Ambani's Reliance Life Insurance for $680 million, the...
Berkshire Hathaway interested in Indian insurance market
Billionaire Warren Buffett's Berkshire Hathaway says it is entering India's insurance market.
Berkshire India said it will start by selling auto insurance as an agent...
India : 84% want to buy Life Insurance policies
Indians prove to have better financial management skills and are confident of facing any financial challenges in future, as against consumers from 9 other...
India : insurance cover for nuclear accidents
Insurance regulator IRDA is in the early stages of drafting a regulation for covering nuclear accidents. The move assumes significance as India is expected...
Life insurance : India has huge potential in untapped market
With a massive population base and huge untapped and under-penetrated market, the insurance industry is home to tremendous opportunity in India as well as...
Study : Lack of toilets costs India 54 billion dollars a year
Lack of toilets and other proper sanitation facilities costs India nearly 54 billion dollars a year, a World Bank study has found, mainly through...
French delegation in India
French minister of economy and finance Christine Lagarde has asked India to liberalise its retail and insurance sector further.
"I talked assurance, I talked retail"...
Swiss Re : interested in health and life insurance market in India
Swiss Re said it’s looking for a local partner in India to enter the country’s life and health insurance market.
“We see a very good...
RBS Insurance : outsourcing move to India
Royal Bank of Scotland Insurance could offshore more than 300 back office roles to India after launching a consultation with more than a thousand...
Joint venture : Liberty Mutual and Videocon to launch non-life insurance business in India
Liberty Mutual Group, a leading global property and casualty insurer with headquarters in the U.S. and 2009 revenues in excess of $31 Billion, and...
Insurance sales feel rule pinch
The new Ulip norms are taking its toll on policy sales by life insurers, including the Life Insurance Corporation of India (LIC). The new...
India : IndiaPost to sell insurance policies
India’s largest distribution network with 1.55 lakh offices has been thrown open to the insurance industry with the industry regulator allowing IndiaPost to sell...
