Insurance premium collection in India grew by 7.9 per cent in 2015 as demand for both life and non-life products was strong, a global study said.
Despite economic headwinds, life premiums in emerging Asia grew faster in 2015 than in 2014, by 16% against 9.1%.
The improved performance was in part due to recovery in India and the Philippines, and sustained strong expansion in Indonesia and Vietnam, according to a report by Swiss Re, World insurance in 2015:c steady growth amid regional disparities.
UK insurer Aviva has strengthened its market position in the Canadian market with the acquisition of the Royal Bank of Canada (RBC) General Insurance Company.
Regular Uber or GoCatch drivers will face higher insurance costs under a new plan to use GPS data for calculating insurance premiums.
The Financial Markets Authority is looking at 200 insurance agents who may be switching their clients to new policies to gain commissions, bonuses and overseas trips.