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Industry News

India : Panel Reviews proposed merger of Govt-Run Non-Life Insurers.

October 14, 2014

The Select Committee of the Rajya Sabha, the upper house of the Parliament of India, which is vetting proposed amendments…

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India : Auto Bill Imposes Big Fines For Uninsured vehicle Owners.

October 9, 2014

A draft Bill to amend the motor vehicle law has attracted wide attention because of its proposals for big increases…

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India : Insurers ordered to pay flood claims without verification.

October 13, 2014

India’s Supreme Court has ordered the country’s four state-owned general insurers to pay out at least 50% of claims arising…

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Singapore : Construction insurance grows as emerging markets build.

September 22, 2014

Singapore has become Asia’s insurance hub for insuring construction risk , with companies based in the city-state projected to underwrite…

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India : India to face more floods threats.

September 19, 2014

India is likely to face more floods in future, the New Delhi-based Centre for Science and Environment (CSE) has warned…

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India : IRDA to scrap standardised general insurance cover.

September 18, 2014

India’s insurance regulator, the Insurance Regulatory and Development Authority (IRDA), is set to scrap the decade-old standardised general insurance policy…

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Patients Pay three times import price for stents.

September 15, 2014

The government has a Telecom Regulatory Authority of India (TRAI) to regulate prices of telephony, an electricity regulator to control…

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India : Regulator Approves licence for TPA of state-owned Insurers.

September 17, 2014

The Health Insurance TPA of India which is to handle the health claims of India’s public-sector general insurers has secured…

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India : Insurers face huge refinery Fire Loss.

September 12, 2014

Insurance companies including New India Assurance and General Insurance Corporation are expecting a combined loss of INR6.5 billion (US$107 million)…

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India : Insurers cheer competition body’s action on car makers.

September 9, 2014

Non-life insurance companies in India have welcomed action by the Competition Commission of India (CCI) to impose a heavy fine…

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