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CROSS BORDER REINSURERS
State insurers quote low premiums to win NPCIL nuke insurance coverNuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year prope...
NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
India to keep growing 6-8% in real terms in next 5 years: Ashwini Vaishnaw at DavosIndia's economy is projected to grow robustly by 6-8% in real terms over the next five years, according to Union Minister Ashwini Vaishnaw....
EDME Insurance plans overseas expansion; to double business to Rs 1,600 cr"We would also like to spread our wings outside India, namely to Dubai, Singapore and London as well. We feel that, in the next one year or...
To become global reinsurance hub, GIFT City must offer global regularity clarityTo be sure, GIFT City already extends several benefits to reinsurers seeking to make this an operational hub. It offers no additional capit...
GIFT City advantage: HSBC & EY launch compendium on India's international financial hubHSBC and EY India launched a compendium highlighting GIFT City's advantages as India's International Financial Services Centre. The resourc...
Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance marketIndia's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture betw...
Reinsurance treaty rates stay soft amid tight competitionReinsurance treaty renewals on April 1 saw largely stable or softer rates due to competition among reinsurers. Despite continuing catastrop...
BRICS nations agree to boost trade, financial settlement in local currenciesBRICS nations have decided to boost trade using local currencies and explore new financial infrastructures. They agreed to study the feasib...
Banks told to push foreign trade in RupeeWhile many businesses - driven by commercial convenience, balance of payments, and terms of global reinsurers - often prefer to deal in har...
IRDAI closely monitors insurers’ investments, intervenes if necessary: Chairman Debasish Panda"The IRDAI has an extensive framework for regulating and monitoring investments made by insurance companies, which is applicable on both th...
Insurers plan digital payments platform for reinsurance businessAccording to an executive aware of the developments, a new company will be set up towards this end, where general insurance companies throu...
War-risk premium not going up immediatelyAlthough war has not been declared, insurers will wait to see if the situation escalates or there is a lull.
Swiss cite India's strong data security laws for auto-sharing banking infoSwiss govt has now notified the decision and the notification authorises the Council to notify India about the exact date when automatic ex...
Caught in Indo-Pak crossfire, insurers consider raising hull, marine premiumThe rate of both marine and hull are reinsurance market-driven, while war risk is generally associated with cross-border operations, foreig...
Mixed bag for non-life cosWhile the government has rolled back its decision to tax unrealised gains on investments it has decided to impose withholding tax on all cr...
- Tax hounds chase defaulters as TDS target set to fall short by 10%
The income-tax department is expected to fall short of its targeted collections from tax deduction at source (TDS) by 10% in 2008-09.