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General insurance industry logs Rs1.7trillion of premium, private sector insurers gain 5 % market share in 2018-19

by AIP Online Bureau | Apr 18, 2019 | Health, Indian News, Non-Life

  Mumbai: Led  by the private sector companies, the domestic  general insurance industry, with a mix of 34 players, has  grown by 13 percent  to Rs1,70.103 crore in 2018-19. According to theindustry performance figures ,released by the General...

Promoters of Reliance General and Max Life tap Indian investors to sell stakes

by AIP Online Bureau | Apr 17, 2019 | Indian News, Life, Non-Life

  Mumbai: Promoters of two large India insurance firms- Max Life Insurance and Reliance General Insurance (RGI) – are now looking for investors to grow their business in a highly competitive domestic insurance market.   According to the media reports,...

UAE Takaful companies catching up with conventional peers

by AIP Online Bureau | Apr 17, 2019 | Eco/Invest/Demography, International News, Non-Life, Regulation

LONDON: Takaful operators continue to gain traction in the United Arab Emirates (UAE) insurance market as the Takaful segment’s profitability has improved significantly in recent years, according to a new special report by AM Best. In its analysis of the...

Global life reinsurers poised for growth, but mature U.S. market still key:AM Best 

by AIP Online Bureau | Apr 17, 2019 | International News, Life, Reinsurance

  OLDWICK: Growth in the U.S. life reinsurance market has been challenged due to limited growth by direct writers, but opportunities have taken shape in emerging markets, particularly in the Asia-Pacific region, as well as in legacy life/annuity blocks of...

France’s AXA provided insurance cover for two Notre-Dame contractors

by AIP Online Bureau | Apr 17, 2019 | International News, Non-Life

  PARIS: French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame’s restoration prior to the blaze that devastated the cathedral.   The fire ripped through the...
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