Reinsurance

With overseas players rapidly expanding their footprint, domestic incumbents such as GIC Re maybe seeing their market share erode, due to regulatory changes, competitive pricing, and the burden of unprofitable crop insurance

If I were Allianz, I’d be more worried about retaining Go Digit than the other way around: Chairman Kamesh Goyal 

Addressing concerns over the Allianz-Jio reinsurance JV, Goyal said Allianz intends to continue its partnership with Go Digit, and the existing contract allows no mid-term changes, Goyal says

IRDAI likely to notify risk-based capital norms in Aug, phased rollout to follow

This implementation is aimed at giving insurers time to build the necessary internal capacity for the model without disrupting day-to-day operations.

IRDAI gives operations approval to Valueattics Reinsurance

This decision marks a major step toward fostering competition and diversification within the reinsurance landscape, a domain long dominated by the public sector, the regulator has said

GST Council likely to discuss relief for reinsurers: Official

The council is likely to discuss issuing a clarification that reinsurance is not a supply of service. At its meeting tomorrow, it may also issue a clarification on co-insurance.

Will assess timing of IPO based on market conditions: Digit Insurance Chairman Kamesh Goyal

Separately, Digit has applied to the IRDAI for life insurance and reinsurance licences. Goyal said that while it will be tough to be a new life insurance player, the company will have the advantage and flexibility to build its tech and operations afresh.

HDFC Life, ICICI Pru Life face tough balancing act as reinsurers raise rates

The share of the term insurance (protection) business in total revenue declined at both HDFC Life and ICICI Pru Life last quarter due to multiple reasons

Should investors bet on GIC Re’s low valuation despite weak earnings?

Though we are comfortable about GIC in the long run, stock performance will react to underwriting performance, which could be volatile and is likely to be weak in the short term

Policy | The role of reinsurance companies in building resilience

India can consider a better investment of its disaster relief funds by buying policies from insurers for vulnerable regions and thereby reducing the accumulation of public debt.

MS Amlin exits Indian reinsurance market

This move is a part of the global restructuring by the parent firm.

IRDAI allows GIC to retain its first right to offer reinsurance in India

New regulations for the reinsurance business in India were finalised by the insurance regulator at its September 28 meeting and will apply to all segments of the insurance sector from March next year

GIC Re Q4 earnings: Subdued quarter; but long term buy

Being the leader in reinsurance in India, GIC Re has competitive strengths in the domestic market in terms of strong underwriting and actuarial capabilities.

Reinsurance regulations: Expert committee may submit report this week

CNBC-TV18 learn from sources that reinsurance expert committee may submit its regulations report this week and that the committee may recommend the removal of the reinsurance preference clause.

Need for level-playing field for foreign reinsurance players in India: Lloyd's Nelson

In an interview to CNBC-TV18, Lloyd's Global Chairman, John Nelson said that they will focus on specialist areas in India like B2B and catastrophe risks.

Lloyd’s commences India operations with MS Amlin

Lloyd’s India will act as a domestic reinsurance branch of Lloyd’s with a focus on infrastructure, agriculture and disaster management.

Budget 2017: Reinsurance– Catalyst for growth vexed with tax uncertainties

The much needed reforms in reinsurance sector were initiated with the passing of the Insurance Laws (Amendment) Act, 2015 which amended the Insurance Act, 1938.

Unhappy with rules, ITI Reinsurance writes to FinMin, IRDA

Even as the Indian reinsurance market has seen hectic activity, players are unhappy with rules framed by the regulator. Listed company Fortune Financial-owned ITI Reinsurance has opposed these rules and has written to the Finance Ministry and IRDA, people close to the developments told CNB-TV18.

IRDAI norms bring global reinsurers on par with Indian players

IRDAI said that the norms for the order of preference to Indian reinsurer and the branch offices of the foreign reinsurers will come into effect immediately.

ITI Reinsurance to launch ops by Jan end, plans on a 'lean' look

It is the first private sector reinsurance company in India

IRDAI to discuss licences for foreign reinsurers in today's meet

The Insurance Regulatory and Development Authority of India (IRDAI) board will be meeting today to discuss giving second level approval or R2 to foreign insurance companies, which will pave way for them to start operations in India.

Buffett's Berkshire plans Rs 100cr reinsurance foray in India

The company, which is awaiting regulatory approvals, plans to operate in the reinsurance space via its subsidiary Gen Re. It expects to start Indian operations by FY17-end or early FY18 with an initial capital of Rs 100 crore.

Foreign reinsurance cos seek IRDAI help over new guidelines

Foreign players, who are not happy with new reinsurance guidelines, believe that Right of First Refusal clause applicable to Indian insurance companies will be detrimental to foreign investor sentiments.

Hope to begin India operations by early 2017: Lloyd's Chief

Of all the major economies, India has the lowest penetration of insurance with total premiums amounting to only about 0.7 percent of the country‘s gross domestic product, says John Nelson, Global Chairman of reinsurance major Lloyd's.