India
LIC embedded value soars to $72b in just six months
LIC embedded value soars to $72b in just six months
The jump in value was attributed to splitting of policyholders funds.
India state-run LIC files $8b IPO papers
India’s biggest life insurer plans to sell 5% of its shares.
HSBC targets expanding stake in Indian insurer
The firm plans to buy PNB’s shares in Canara HSBC.
Generali takes majority stake in Indian JVs
Generali is investing around $190.47m in two joint ventures.
Willis Towers Watson fully acquires Indian business
The insurance broker currently owns 49% of WTW India.
SBI General launches health insurance with Google Pay
This marks Google Pay’s first partnership with an Indian insurer.
IAPS pushes to insure unborn children for birth defects
At least one major Indian insurer has agreed to provide cover.
Lack of ‘political will’ won’t delay LIC IPO: Nirmala Sitharaman
India’s finance minister said they plan to finish the IPO by March.
Will India’s motor insurance decline remain in the rearview mirror?
The recent increase in new auto sales helps get the industry back to the growth path.
India to block Chinese investors from LIC’s $109b IPO: report
The IPO is considered to be the biggest one yet for India.
India’s non-life insurance increases 24.4% in August
This is more than double of last year’s growth of 10.1% in the same month.
India seeks $109b valuation for LIC mega IPO: report
It is slated to be the biggest IPO in the country.
Indian insurers urged to widen scope of cyber insurance
The IRDAI said that standardisation of policy wording is not desirable at this juncture.
Private players drives India’s life insurance growth in August
This comes from a low base in July.
HDFC Life snaps up Exide Life for $915m
HDFC Life is India’s biggest private sector insurer.
AON laps up remaining 51% stake in Aon India Insurance Brokers
This gives the company 100% control of the Indian insurance broker.
Carlyle Group sells shares in SBI Life Insurance for INR₹21.47b
This marks the group’s exit from the Indian insurance company.