Non-Life

Digit Insurance crosses 2 mn customers in 16 months

Indian News       Mar 26, 2019

  Bangalore:  Digit Insurance today announced that it crossed a landmark achievement of two million customers within a short span of 16 months of operation.   During the tenure the company has also closed more than 30,000 claims this March 2019 with 92% claim settlement ratio for...

Air India's renewal prm doubles, pays $ 28 mn to cover its 180 aircraft in 2018-19

Indian News       Mar 22, 2019

  MUMBAI: A host of adverse factors including the recent crash of one of the Ethiopean Airlines aircraft, have put an end to the days of  discounts for the national carrier Air India(AI), whose insurance renewal cost, at around $28 million, has doubled in 2018-19.   The...

China chemical plant explosion death toll climbs to 44; 32 others critical

International News       Mar 21, 2019

  Beijing: The toll in the explosion at an industrial park in eastern China climbed steeply to 44 on Friday morning as a number of people succumbed to their injuries.   The explosion occurred on Thursday following a fire in a fertilizer factory in a chemical industrial...

Insurers waive terrorism exclusions for Christchurch shooting victims

International News       Mar 20, 2019

  Christchurch:   For damage caused in the Christchurch shootings, local insurers are waiving the terrorism exclusions in their house, car, contents and commercial building policies    According to the media reports, `AA Insurance says it will also review whether to remove the terrorism exclusion clauses from its...

Munich Re aims to boost Ergo insurance business via acquisitions

International News       Mar 20, 2019

  MUNICH: Munich Re has no plans to sell Ergo, its primary insurance arm, and aims to strengthen this business through acquisitions once its turnaround has been completed in two years, Chief Executive Joachim Wenning said on Wednesday.   Ergo has been battling high costs and low...

U.S weighs bids for putting Automated Vehicles on roads

International News       Mar 20, 2019

  The U.S. National Highway Traffic Safety Administration said Friday it was seeking public comment on General Motors’ 15-month-old petition seeking approval to deploy a limited number vehicles on U.S. roads without steering wheels or other human controls.   The agency also disclosed that Softbank-backed driverless delivery...

General Insurance industry may close FY 2018-19 with a premium of Rs 1. 7 trillion

Indian News       Mar 18, 2019

  Mumbai: Despite over all deceleration in the Indian economy including a visible drop in the auto sales, the domestic general insurance industry with 34 players may end the current fiscal year 2018-19  with a higher premium. .   The industry had logged a gross premium of...

Tougher Asian markets need different approach to risk and insurance driven by data analytics

International News       Mar 18, 2019

  Singapore: Large and complex risks will continue to dominate the Asian commercial insurance market, proving the current business model unsustainable and not fit for purpose, according to Willis Towers Watson’s 2019 Asia Market Report.   “There have been a tighter scrutiny of underwriting practices and withdrawals...

U.S. P/C industry’s net income jumped 70% in 2018

International News       Mar 16, 2019

OLDWICK: The U.S. property/casualty (P/C) industry’s net income improved significantly to $61.4 billion in 2018, a $25.2 billion increase from the prior year, aided by a reduction in catastrophe losses and an increase in net investment income. These preliminary results are detailed in a new...

SEC Sues VW, Ex-CEO over diesel emissions scandal, alleging massive investor fraud

International News       Mar 15, 2019

  The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud” on U.S. investors.   VW was caught using illegal software to cheat U.S. pollution tests in 2015,...

1 2 3 4