General insurance industry in Australia to reach $73.6bn in 2026, forecasts GlobalData
The general insurance industry in Australia is projected to grow at a compound annual growth rate (CAGR) of 6.4% from Read more
Australia
Former UIIC Director, Asha Nair, joins the Board of Directors at Remedinet Technologies
The health insurance sector in India today is at a very critical juncture where changes and movements in various key Read more
Travel Insurance Plan from Reliance General Insurance
Glad you made a quick pre-trip stopover to get your travel insurance online with Reliance Travel Care Policy. This way you can Read more
Asia-Pacific Insurance Market Outlook to 2016 – Growth Opportunity in India & China
EXECUTIVE SUMMARY
The report titled “Asia-Pacific Insurance Market Outlook to 2016 – Growth Opportunity in India and China” provides a comprehensive analysis of market size of the insurance industry on the basis of countries such as Japan, China, South Korea, Taiwan, India and Australia, market segmentation of life and non life insurance industry. The report also entails the value chain of Asia-Pacific insurance market. The report also provides competitive landscape and profile of major players operating in the insurance industry.
New India Assurance targets net profit of Rs600 cr this fiscal
The largest general insurer New India Assurance has targeted a net profit of Rs 600 crore this fiscal and planned expansion of its foreign operations in 2013-14. Read more
RBI extends Basel III implementation time
The Reserve Bank of India (RBI) has extended the date for implementation of Basel III, the global capital norms for banks, by three months to 1 April. “The Reserve Bank of India has rescheduled the start date for implementation of Basel III to 1 April 2013 from 1 January 2013,†the central bank said. Read more
Global Consumer Insurance Survey 2012 Asia-Pacific by ERNST & YOUNG
The Asia-Pacific region is one of enormous growth and opportunity for insurers. It is also one of significant diversity. In developing countries, agency sales forces dominate and play a vital social role in making products accessible to low earners. The development of insurance markets in western- Developed countries, however, indicates that the emergence of more independent, but also expensive, distribution channels often ultimately leads to the demise of traditional agency sales forces. Read more
International Insurance News: Willis Launches Innovative Directors All Risks Cover in Asia-Pacific Region
Willis Group Holdings (WSH: NYSE), the global insurance broker, has launched its unique directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore.
DARCstar policies have already been written for a number of global companies. The policy has been launched in the United Kingdom, Spain, Sweden, Israel and Columbia with plans to extend the wording to other jurisdictions including New Zealand, Argentina, Chile, France, Germany, Mexico and the Netherlands. Read more