Economy

Asia led by China and India will drive global insurance growth:Swiss Re  

International News       Nov 20, 2018

  London: Global economic growth will remain strong over the next two years, although momentum has peaked. Swiss Re Institute's latest sigma "Global economic and insurance outlook 2020" says the still-positive economic momentum will support the insurance sector, with global premiums up more than 3 per...

China moves closer to allowing foreigners to control insurance ventures: sources

International News       Nov 20, 2018

   HONG KONG/BEIJING: China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.   The regulator is expected to...

Easing oil prices, recovering rupee see FPIs invest over $1 billion in November

Indian News       Nov 18, 2018

  New Delhi: Foreign investors have pumped in nearly Rs 8,285 crore into the Indian capital markets so far this month, after pulling out hefty funds in October, due to fall in crude oil prices, recovery in rupee and improvement in the liquidity situation.   The recent...

Tahsin Saadi Sedik, senior economist in the IMF’s Asia and Pacific Department

Asia’s Digital Revolution

Articles       Nov 17, 2018

  Asia is embracing the digital revolution. Companies such as Alibaba, Tencent, and Baidu are providing a wide range of services from e-commerce to fintech and cloud computing for customers in China and elsewhere. In Indonesia, GO-JEK offers services including ride-hailing,   Asia is embracing the digital...

Cyclone Gaja claims 45 lives, rips through Tamil Nadu coast with heavy rain

Indian News       Nov 16, 2018

  Chennai: The toll in cyclone Gaja has touched 45, Tamil Nadu Chief Minister K Palaniswami said on Sunday and appealed to leaders of all political parties to take part in the relief activities.    "Palaniswami said 1.7 lakh trees have been uprooted, 735 cattle died, 1.17...

Draft Brexit deal ends Britain's easy access to EU financial markets

International News       Nov 15, 2018

  LONDON: The United Kingdom and the European Union have agreed a deal that will give London’s vast financial center only a basic level of access to the bloc’s markets after Brexit. The agreement will be based on the EU’s existing system of financial market access...

U.S. Residential Solar Projects Turn to Output Insurance

International News       Nov 15, 2018

   A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing 4,000 projects in the Northeast.   Investment in the 35 megawatts of capacity...

Arun Jaitley, Finance Minister

Centre planning share sale offer of General Insurance, New India Assurance

Indian News       Nov 15, 2018

  New Delhi: The Finance Ministry on Thursday said it is planning to come out with a share sale offer of two recently listed insurance companies -- GIC and New India Assurance.   State-owned reinsurer General Insurance Corporation of India (GIC) was listed on the bourses in...

Cyber-attacks, volatile weather top risks for India Inc:Marsh-RIMS study

Indian News       Nov 13, 2018

  MUMBAI:  Large scale cyber-attacks, massive incidents of data theft, and extreme weather events are the top three risks for India Inc., says a joint study by Marsh, a global leader in insurance broking, and RIMS, the risk management society™.   In fact, some 88 per cent...

Cyclone 'Gaja' to intensify in next 24 hours

Indian News       Nov 11, 2018

  Chennai: A deep depression in the bay of bengal has intensified into a cyclonic storm and is likely to cross the North Tamil Nadu and South Andhra Pradesh coast between Cuddalore and Sriharikota on November 15, regional weather office here said on November 11.   The...

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