Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Munich Re Launches Indian Service Company
Sep 27 2004 // Munich Re has established a new service company, Munich Re India Services Ltd., Mumbai, aimed at strengthening and intensifying “long-standing business relations – some dating back to 1950 – with Indian...
Aviva to Outsource an Additional 950 Jobs
Sep 24 2004 // Aviva Plc., the U.K.’s largest insurer, announced that it plans to increase its offshoring capacity by moving some 950 jobs offshore “to service its existing Norwich Union businesses.” The group has...
India – Fascinating, Frustrating and Growing
Sep 20 2004 // This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal. An ancient Indian parable tells...
Research and Markets Report on Insurance Outsourcing Focuses on India
Aug 30 2004 // Dublin-based Research and Markets (http://www.researchandmarkets.com) has issued a new report on “Global Insurance Outsourcing – The India Perspective: Overview, Trends, Insights and Competitor...
Plan to Boost Foreign Investments in India’s Insurance Industry Comes Under Fire
Jul 13 2004 // The new Congress-led government in New Delhi faces a tough test ahead as a key Communist Party ally has come out against its proposal to raise the cap on foreign investment in India’s telecommunications, aviation and...
A.M. Best Affirms Ratings of Two Indian Insurers
Feb 19 2004 // A.M. Best Co. affirmed the “A” (Excellent) financial strength rating of General Insurance Corporation of India (GIC) (Mumbai, India) and the “A” (Excellent) rating of New India Assurance Company...
ePolicy Solutions Opens Facility in India
Oct 16 2003 // California-based ePolicy Solutions announced that it has established “a dedicated development facility in India, through an agreement with Mastek Limited, a global IT solutions company.” President, CEO and...
ebix Receives ISO 9001 Certification for India Call Center & Software Development
Jul 21 2003 // ebix.com Inc., an international supplier of software and e-commerce solutions to the property and casualty insurance industry, announced that it has received ISO 9001:2000 certification for both of its call center and...
Willis Group Forms Joint Venture to Grow in India
Apr 15 2003 // Willis Group Holdings Ltd. has formed a joint venture with Bhaichand Amoluk Consultancy Services Pvt. Ltd. to provide insurance broking and risk management services in India. The joint venture, called Willis BA India...
Marsh Granted Brokerage License in India
Mar 3 2003 // Marsh Inc. has received an insurance brokerage license from the Insurance Regulatory Development Authority of India (IRDA). Marsh said it is among the first foreign insurance brokers to receive a license to transact...
India’s WNS Acquires U.K. Claims Management Service Co.
Jul 10 2002 // India’s WNS (Holding) Ltd., one of a number of companies on the sub-continent which specialize in providing back office services, will acquire the U.K.’s Town & Country Assistance, an insurance claims...
CGNU Expands in Hungary, India
Mar 21 2001 // Britain’s CGNU revealed plans to expand in Eastern Europe and India with the announcement that it would purchase Mebit, Hungary’s sixth largest life insurer, and would launch a mutual fund subsidiary in India...
India Begins Calculating Quake’s Cost
Jan 30 2001 // While the search for survivors continues, Indian authorities are beginning to calculate the economic costs of the destruction wrought by the worst earthquake in 50 years. First estimates indicate the costs of repairing...
India Quake Toll Rises: 20,000 Feared Dead, Widespread Devastation Reported
Jan 29 2001 // As foreign teams joined local rescue workers in a desperate race to comb the wreckage for any survivors of India’s worst earthquake in 50 years, estimates of the the number of people killed exceeded 20,000. The...
Heavy Losses Feared in India Quake
Jan 26 2001 // Damage reports are still coming in from the huge earthquake, estimated to have measured 7.9 on the Richter scale, which struck near the town of Bhuj in the Indian State of Gujarat at 8:50 a.m. local time this morning. At...
AIG Indian Joint Venture License Approved
Jan 24 2001 // American International Group announced that it has received approval from the Indian Insurance Regulatory and Development Authority to establish a joint venture with the Tata Group “to market commercial and personal...
Canada Life Rules Out Indian Venture
Dec 11 2000 // The Canada Life Insurance Co. has decided not to pursue plans for a joint venture in India for the time being, citing its expansion commitments into reinsurance and the Brazilian and German insurance markets as the...
Indian Regulators Step Up Insurance Approvals
Nov 27 2000 // In an effort to reach their announced goal of ruling on all pending applications for insurance licenses by the end of this year, India’s Insurance Regulatory & Development Authority has granted several...
RSA Granted First Indian P/C License
Oct 24 2000 // Royal & SunAlliance (RSA) became the first foreign company to receive a license to write p/c insurance from India’s Insurance Regulatory and Development Authority (IRDA) with its partner Sundaram Finance Ltd.,...
13 Insurers Await Indian Licenses
Oct 17 2000 // India’s Insurance Regulatory and Development Authority confirmed that 13 foreign based insurance companies with their local partners have applied for permission to establish privately owned life or general insurance...
