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Total global reinsurance capacity rises 7% to $ 517 billion in 2020, Munich Re regains top ranking: AM Best

by AIP Online Bureau | Sep 1, 2021 | International News, Non-Life, Reinsurance

  London: According to the latest global ranking excercise by international rating agency AM Best,Munich Reinsurance Company, with a total gross premium of $45,846 billion in 2020, moves to the top spot as the world’s largest reinsurer while Swiss...

Ping An Insurance denies regulator halted sales of alternative investments

by AIP Online Bureau | Sep 1, 2021 | International News, Non-Life, Regulation

  Ping An Insurance (Group) Co. denied that it has been ordered by regulators to halt sales of property-related alternative investments in response to a Reuters report that sent shares tumbling. The group and its asset management arm don’t sell any...

Uber proposes industry-wide gig worker benefits model in Canada

by AIP Online Bureau | Sep 1, 2021 | Eco/Invest/Demography, International News, Non-Life, Technology, Workplace/Employee Benefits

  Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers’ hours and earnings. Under the preliminary proposal...

Chinese regulators seek more control over internet firms’ algorithms

by AIP Online Bureau | Sep 1, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  Beijing: Chinese regulators will exercise greater control over the algorithms used by Chinese technology firms to personalize and recommend content, the latest move in a regulation spree across the internet sector. China’s internet watchdog, the...

India to offer indemnity to Air India bidder over Cairn claim: Report

by AIP Online Bureau | Sep 1, 2021 | Indian News, Policy, Risk Management

New Delhi: India is set to absolve bidders for its loss-making flag carrier from any liability arising out of a lawsuit filed by Cairn Energy Plc, which has claimed the state-run airline’s assets over a long-running tax dispute with the government, according to...
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