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Global nonlife insurers leverage innovation for financial strength: AM Best

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance, Technology

The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...

Lloyd’s of London says Russia, Belarus represent less than 1% of business

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance

“We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets,” Lloyd’s said in a statement on its website dated March...
Mamata asks Kolkata mayor to form panel for fire safety audit of godowns

Mamata asks Kolkata mayor to form panel for fire safety audit of godowns

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

Mamata Banerjee,Chief Minister,West Bengal The major fire that had broken out in the godown in Tangra area on Saturday evening was brought under control after 15 hours of firefighting “The CM has asked me to form a high-powered committee, comprising police, fire...

U.S. Senate approves bill to make daylight saving time permanent

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, Facts, Health, Policy

Supporters say the change could prevent a slight uptick in car crashes that typically occurs around the time changes and point to studies showing a small increase in the rate of heart attacks and strokes soon after the time change The change would also help enable...
Gallagher rebrands its Indian broking outfit

Gallagher rebrands its Indian broking outfit

by AIP Online Bureau | Mar 15, 2022 | Indian News, Intermediaries, Non-Life, Reinsurance

Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: “This marks the first time the standalone Gallagher brand has been used in India and is a significant step as we continue to expand our footprint globally. We...
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