India
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.
Indian online insurance aggregator PolicyBazaar files for IPO
The company aims to raise $809m through the IPO.
India's Star Health launches IPO
The IPO aims to raise as much as $268.3m.
India readies bill to privatised state-owned general insurer: report
The bill seeks to remove the 51% floor on government holding.
India rubber-stamps LIC IPO share sale
A group of ministers will now decide on various issues related to the proposed offering.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
US firm Arthur J. Gallagher acquires Mumbai broker Edelweiss
The deal is still subject to regulatory approval.
Changes to India's LIC Act takes effect
This is seen as a major step towards LIC's proposed IPO.
Richard Holloway joins panel of judges in the Insurance Asia Awards 2021
Millman’s South-East Asia managing director believes that markets are showing signs of recovery despite the decline in new business sales during the pandemic.
India's Digit Insurance secures $200m in latest funding round
The investment will result in a 5% dilution of the firm's equity.
India's life sector projected to hit $98.5b in GWP by 2024
Catalysts include favourable demographic factors and economic recovery expected over H2 2021.
Indian life insurers' new business premiums inch 7% in FY2020-21
Private insurers grew 8% in individual business, whilst group business saw a 20% growth.
What to expect from India's health insurers amidst COVID-19 resurgence
The sector is already expected to hike its premium rates in response to claims experience.
GIC Re posts $268.3m net profit for FY2021
Gross premiums during that period fell 7.1%.
Bharti AXA Life's total premium income inch up 4.3% in FY2021
Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.
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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.
