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REINSURANCE RESTRICTIONS
India builds insurance shield for risky sea trade as global cover dries upIn response to the challenges posed by renewed hostilities affecting maritime trade, Indian public sector insurers have unveiled an innovat...- What's in the EU's proposed 19th package of Russia sanctionsEuropean Commission proposed a new set of sanctions against Russia. This is the 19th package after Russia's invasion of Ukraine. The sancti...
- Coal plant insurance faces green hurdlesAccording to an insurance broker, scouting for cover for a power producer which is looking to arrange protection from global markets is pro...
- International reinsurers stare at big losses from Suez Canal's blockage, says Fitch RatingsThe 400-metre (430-yard) long Ever Given got wedged diagonally across the canal in high winds early last Tuesday, blocking the path for hun...
- Want to keep out non serious players from health insurance sector: Chandan Mitra'We want to ensure that somebody who comes into the health insurance business has requisite amount of capital in that company.'
- Lloyd's of London plans India branch; in talks with governmentLloyd's is a market where members join together as syndicates to insure risk. It has 93 different underwriting businesses.
- India plans fund to give insurance to refiners using Iran oilIndia plans to set up a special fund to provide insurance to refineries after European re-insurers refused to cover units.
- Indonesian earthquake aftershocks: Insurers may impose new restrictionsThe Indonesian earthquake may force reinsurers to impose new restrictions and lead to increase in premium and deductibles.
- Japanese crisis lifts demand for suppliers’ extension coverDemand for suppliers' extension insurance cover from manufacturing cos has picked up following the recent crisis like earthquake in Japan &...
- IRDA plans reinsurance overhaul with new normsIRDA is now set to overhaul the reinsurance industry by putting in place new guidelines, mainly to strengthen and increase the transparency...
- 'We are not against foreign reinsurers being allowed branches'Yogesh Lohiya, Chairman, GIC in an interview with ET talks about GIC and the insurance industry.
- GIC Re plans calamities pool to cover Afro-Asian disastersGeneral Insurance Corporation of India (GIC Re) is planning to set up a pool to reinsure risks arising out of natural calamities in Asia an...
- Insurers brace for Rs 230 cr claim for IOC fireThe IOC fire is likely to cause an insurance claim of Rs 230 crore on the insurers.
- GIC Re hikes cost of reinsurance coverThe era of low-property insurance rates is over. The national reinsurer General Insurance Corporation (GIC Re) has raised the cost of reins...
- Rate war in non-life insurance set to eat into indusry's growthCompanies offer to cut old tariff rates by up to 75%, fire insurance rates decline most.
- Foreign reinsurers may get India accessThe government may allow foreign reinsurance companies to set up branch offices in the country with certain regulatory restrictions, accord...
- Stiff norms await insurance brokers in detariffed regimeInsurance Regulatory and Development Authority (Irda) has laid down new ground rules for insurance brokers as part of the safeguards to pre...
- Munich Re wary of insurance warThe world’s leading reinsurance company, Munich Re has warned that it will cut off support to Indian insurers if they go overboard in lower...
- Irda sets a heavy-duty job for Non-life insurance co boardsBoards will now need to approve the underwriting philosophy of a company that will define the extent of leeway that the management of each ...
- IRDA registered life insurance firms now covered under LIMReserve Bank of India on Friday said the instructions under Life Insurance Memorandum will now be applicable to all companies registered wi...
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