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Amazon closes UK insurance site

Amazon closes UK insurance site

by AIP Online Bureau | Jan 25, 2024 | Intermediaries, International News, Technology

“Over the last year we have been evaluating various businesses and programmes, and as a part of that we’ve made the difficult decision to discontinue the Amazon Insurance Store,” Amazon said in a media statement, adding that customers who bought policies...
Arbitration Clause valid only for commercial segments and not for retail insurance, says IRDAI

Arbitration Clause valid only for commercial segments and not for retail insurance, says IRDAI

by AIP Online Bureau | Jan 25, 2024 | Indian News, Non-Life, Regulation

Accordingly, the IRDAI, in a recent circular, has asked the general insurers to state in the policy documents for commercial lines of business that “The parties to the contract may mutually agree and enter into a separate Arbitration Agreement to settle any and all...
Insurers launch cashless hospitalisation facility for settling claims at all hospitals

Insurers launch cashless hospitalisation facility for settling claims at all hospitals

by AIP Online Bureau | Jan 24, 2024 | Health, Indian News, Non-Life

(L to R) Segar Sampathkumar, Director, Health, General Insurance Council, Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance and Neerja Kapur, CMD, New India Assurance at an event in Mumbai in Wednesday for launching “Cashless Everywhere” initiative Under...
DGCA slaps Rs 1.10 crore penalty on Air India for safety violations

DGCA slaps Rs 1.10 crore penalty on Air India for safety violations

by AIP Online Bureau | Jan 24, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The regulator carried out a detailed probe after receiving a voluntary safety report from an airline employee alleging safety violations of flights operated by Air India on certain long range terrain critical routes, according to a release on Wednesday New Delhi:...
Red Sea turmoil sends economic shockwaves far and wide

Red Sea turmoil sends economic shockwaves far and wide

by AIP Online Bureau | Jan 24, 2024 | International News, Non-Life, Reinsurance, Risk Management

According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
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