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Global investment in InsurTech at $2.41 billion in Q2 2022, drops 50% over Q2 2021:Gallagher Re

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Technology

Q2 saw 40 L&H(Life & Health) investments of $918 million, up 12.4%, and 92 P&C InsurTech deals worth $1.49 billion in total. P&C deal flow was down 13.2%, but total investment was up 5.9% on Q1, while average deal size was $20.73 million London: Global...
Swiss Re launches new insurance-linked investment advisory business, to focus  on CAT bonds

Swiss Re launches new insurance-linked investment advisory business, to focus on CAT bonds

by AIP Online Bureau | Aug 4, 2022 | International News, Non-Life, Reinsurance

Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC’s) investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, thus allowing investors the opportunity to access Swiss Re’s capabilities in catastrophe bond...
Taiwan turmoil affects shipping and global supply chain

Taiwan turmoil affects shipping and global supply chain

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Gas suppliers are rerouting or reducing speed on some liquefied natural gas (LNG) vessels currently en route to North Asia Shipments to Taiwan and Japan this weekend will be affected, said the sources SINGAPORE: China’s announcement of military drills around...
Retail auto sales drop 8% in July: FADA

Retail auto sales drop 8% in July: FADA

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, Indian News

Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati noted that though there is a blip in July numbers, the segment continues to see introduction of new models, especially compact SUVs, aiding growth New Delhi: Automobile retail sales in India...
Wage Revision: Govt offers 12% hike with 5-yr arrears to PSU general insurance industry

Wage Revision: Govt offers 12% hike with 5-yr arrears to PSU general insurance industry

by AIP Online Bureau | Aug 4, 2022 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

The unions of PSU general insurance industry are yet to respond to the new proposal However, there are indications that the unions will reject the latest wage revision proposals from the GIPSA and would like to stick their demand for a pay parity with Life Insurance...
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