India
India's Bhartiya Janata Party continues to oppose FDI increase
Hopes of India's foreign direct investment ceiling being raised have been dashed once more after the opposition Bhartiya Janata Party pledged to vote against any bill that proposes raising the 26% limit.
IAG's Asian investment paying off
Insurance Australia Group is starting to gain "real traction" in Asia, according to chief executive Mike Wilkins.
India's IRDA plans to regulate micro-insurance
India's Insurance Regulatory and Development Authority is planning to issue guidelines for the country's micro-insurance segment to ensure growth.
Indian insurers urged to expand overseas
The Indian insurance regulator has urged homegrown insurers to spread their wings in the overseas market.
Future Generali targets rural segment with microinsurance product
Generali’s Indian joint venture Future Generali has launched a microinsurance product for rural business owners.
Interest in India’s domestic market wanes amid rising costs
Several prospective entrants to India’s domestic insurance market have put plans on hold due to rising costs as a result of new guidelines from the Insurance Regulatory and Development Authority.
India's non-life players grew premiums 18.27% in May
The Indian non-life insurance sector achieved premium growth of 18.27% in May compared with the same period in 2011, according to figures released by Insurance Regulatory and Development Authority.
Indian government needs to tackle insurance slump, says PM
India's government needs to tackle a sluggish insurance sector, according to Prime Minister Manmohan Singh.
India falls four places in insurance rankings after drop in life business
India has fallen four places in the world insurance market in the past year owing to a sharp drop in life insurance business, according to The Times of India.
Liberty Mutual joint venture to start writing Indian business
Liberty Mutual Insurance joint venture, Liberty Videocon General Insurance Company Ltd, has been granted regulatory approval to begin operating in India.
Indian ships allowed to import Iranian crude on CIF basis
India is likely to join Japan in circumventing insurance sanctions to continue importing Iranian crude oil.
Indian regulator launches consumer education website
The Indian Insurance Regulatory and Development Authority has launched a new website to help educate consumers about insurance matters.
Indian insurers asked to stop undercutting to save market
The Indian finance ministry is believed to have asked general insurance companies to stop under-pricing risks to get volume business and to return to pre-detariff prices to boost poor combined ratios.
Indian government outlines uninsured driver crackdown
Indian states have been asked to enforce third-party insurance of all vehicles.
Bharti Axa plans to grow business in India's west zone
Axa's Indian joint venture, Bharti Axa General Insurance Company, grew its gross written premium by 60% in 2011-12 to Rs 892 crore, according to the Times of India.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Indian insurance employees' association calls for public merger
The All-India Insurance Employees' Association has called for the merger of four public sector general insurance companies to help bring down costs.
Indian regulator IRDA soft on rule defaulters, claims report
Insurance companies are flouting their "social and rural responsibilities" and the regulator, IRDA, lacks the will to punish them, according to a new report.
Indian shippers to stop handling Iranian oil if government can't agree cover
Indian state-owned refiners look set to halt oil imports of 173 000 barrels a day from Iran, unless the government permits them to use insurance and freight arranged by Tehran.
LIC investigated over Rs10m death benefit scam
The Life Insurance Corporation of India is being investigated for alleged "serious financial irregularities" in a scheme designed to provide insurance for the country's rural poor.
Indian health insurance market predicted to be worth $7.6bn by 2015
One in 10 people in India could end up buying health insurance products against the current 2%, according to a new survey.
High Net Worth: Asia's growing wealthy and insurers gradually waking up to opportunities
The population of wealthy people in Asia is continuing to soar, creating significant opportunities for insurers offering premium products catering to their needs.
Indian regulator outlines plans to speed up health insurance claims and increase age limits
The Insurance Regulatory and Development Authority in India has put forward a proposal to make it mandatory for health insurers to offer cover to people up to 65 years and settle all claims within a month.
Indian insurance giant appoints new chairman
Dinesh Kumar Mehrotra has taken over as chairman of India's largest insurer, Life Insurance Corporation of India.