by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Risk Management
Russia has shipped about 3.4 million barrels a day of crude so far this year, valued at about $37 billion at the point of export, and working around western sanctions has been part of that The first Russian oil tanker attempting to deliver crude while under US...
by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management
The case stemmed from the March 2020 collapse of the German insurer’s now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private...
by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Issuance of the bonds, including non-property and private transactions, reached an all-time high of more than $16 billion in 2023. The current value of outstanding cat bonds stands at $49 billion, Artemis estimates. Crucially, last year saw relatively few weather...
by AIP Online Bureau | Jun 10, 2024 | Indian News, Non-Life, Regulation
The insurer has to decide on the claim within seven days of receipt of the survey report. This condition will not apply in case of policies issued on the property/building on reinstatement value basis. Any delay in settlement of the claims beyond the above stipulated...
by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman, Union Finance Minister Sithraman, who will be presenting the full Budget for FY 24-25 in July, is expected to introduce bills soon for amendments to the Insurance Act, 1938, and the IRDAI Act to allow composite licensing for insurers New Delhi:...
