by AIP Online Bureau | Dec 1, 2022 | Indian News, Reinsurance
”In the last 6 years, Rs 25,186 crore have been paid by farmers as the premium, wherein Rs 1,25,662 crore have been paid to the farmers against their claims as on October 31, 2022 with Central and state governments bearing most of the premium under the...
by AIP Online Bureau | Dec 1, 2022 | Eco/Invest/Demography, Indian News, Non-Life
”The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps,” M&M President, Automotive Division Veejay Nakra New Delhi: Car makers have logged the...
by AIP Online Bureau | Dec 1, 2022 | Indian News, Technology
Civil Aviation Minister Jyotiraditya Scindia Amid concerns in certain quarters about data theft and privacy issues, Scindia said the data shared for DigiYatra will be stored in an encrypted format in a decentralised manner. New Delhi; The government on Thursday...
by AIP Online Bureau | Dec 1, 2022 | International News, Non-Life, Reinsurance
Chief among the negative drivers is the heightened natural catastrophe activity that continues to test investors’ risk tolerance levels, according to a new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance.” AM Best has maintained its...
by AIP Online Bureau | Dec 1, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
2022 is the second consecutive year in which the estimated insured losses total more than $100 billion, continuing the trend of a 5–7% average annual increase over the past decade The re/insurance industry covered roughly 45% of the economic losses this year,...
