India
LIC closes IPO with nearly three-fold oversubscription
The IPO of a 3.5% stake is now India’s biggest.
LIC closes IPO with nearly three-fold oversubscription
The IPO of a 3.5% stake is now India’s biggest.
Generali buys 25% stake in Indian insurance JV from embattled Future Group
The transaction valued $165.21m.
India’s LIC IPO subscribed 67% on first day
The $2.7b IPO is India’s biggest public issue.
IRDAI hike insurers cap on exposure
The Indian insurance regulator has increased the limit to 30%.
India insurtech Turtlemint nears unicorn status in latest funding round
It recently raised $120m in a Series E funding round.
Generali Asia appoints new India life insurance chief
The new chief has over 34 years of experience in the life and P&C business.
India slashes LIC IPO to 3.5%
The IPO was initially set at 5%.
Indian insurance startup Loop raises $25m in Series B funding round
The funding round was led by its existing investors.
IPL breaks record for largest insurance cover for a sporting event in India
This was mainly because of a 25% increase in coverage limit.
Global investment firm nabs 9.99% stake in Shriram General Insurance
Shriram General plans to benefit from its global insurance expertise.
Air India halts flight to Moscow over insurance concerns
Its new contract prohibits its aircraft from landing and taking off in Russia and Ukraine.
LIC IPO expected share sales drops to $6.6b
Initial reports predicted that the Indian life giant share sales would be at $8b.
Indian insurers starts fiscal year with premium hikes
Health and cyber saw massive premium increases this year.
Indian millennials: prudent but financially vulnerable —survey
Younger millennials have the lowest awareness about insurance.
LIC losing ground in India market share
Its competitors have projected double-digit growth from 2016 to 2020.
Generali acquires majority stake in India life venture
The firm now holds 68% of the total shares.
India central bank hints on possible delay of $8b LIC IPO
Several current events may have factored in on the delay.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
