Live Insurance News

Insurance news from India International expands into Asia

November 27, 2012April 30, 2013

The insurer based in Singapore will be making its way into Malaysia and Vietnam. The latest insurance news announcement from the insurer based in Singapore called India International, has just been released and has revealed that it has intentions to broaden its operations in order to include Malaysia and Vietnam. The company is a joint venture of the five insurers owned by the state in India. The insurance news was announced by the director of India International Insurance (I.I.I.), N. S. R. Chandraprasad. The company was created in 1987 as…

Insurance news from Prudential reveals new $590 million deal

November 6, 2012November 5, 2012 Julie Campbell

This Asian acquisition may put added pressure on its competitor, AIA Group. Insurance news from the Asia Pacific region has shown that Prudential PLC has just entered into an acquisition agreement to buy the coverage unit from Thanachart Bank in Thailand, for a reported $590 million, in cash. This will double the insurer’s current market share within that Asian nation. This is expected to add greater competition to the insurance news in Southeastern Asia, which is a rapidly growing marketplace where AIA Group has been working to maintain leadership. This…

International insurance news shows flood risk in Asia is increasing premiums

July 26, 2012July 25, 2012 Nordstrom

Chance of flooding in factory zones is very high. International insurance companies are struggling to determine the flood exposure risks in the factory zones of Asia following 2011’s exceptionally expensive disasters in Thailand and throughout the region. These insurers are worried that further losses are on their way. Some firms have taken the flooding in Thailand as a warning that this will be the future of the international insurance environment. For that reason, they have taken several different actions. The first is that they have given discounts to industries that…