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Global CAT losses at nearly $112bn, only $44bn insured: Munich Re

Global CAT losses at nearly $112bn, only $44bn insured: Munich Re

by AIP Online Bureau | Jul 30, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Thomas Blunck,Member of the Board of Management. The first half of the year has provided a welcome breather from previous years of high natural disaster losses. But climate change and growing exposure persist, increasing the risk of larger losses in the future. The...
New India Assurance insures Skyroot’s Vikram-1 space mission

New India Assurance insures Skyroot’s Vikram-1 space mission

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Reinsurance, Risk Management

“We have the privilege of insuring Skyroot’s Vikram-1 mission. As India enters the new space era with private launch providers, NIA is extending its expertise to the commercial space ecosystem. The successful orbital mission of Skyroot Aerospace and deployment...
Willis urges smarter data centre insurance buying as capacity demand nears $15billion

Willis urges smarter data centre insurance buying as capacity demand nears $15billion

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

“Buying more insurance is not always the same as being better protected. When risks are properly modelled, understood and mitigated, clients can build more efficient, resilient insurance programs that reflect their actual exposures. This is especially important...
Fitch warns AI market correction emerging as major global credit risk

Fitch warns AI market correction emerging as major global credit risk

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, International News, Regulation, Technology

“The extent to which capital markets and economies have become intertwined with AI have created a vulnerability for credit,” Fitch said. The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to...
IRDAI grants license to ProTec General Insurance, approves key reforms

IRDAI grants license to ProTec General Insurance, approves key reforms

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

To further strengthen policyholder protection, the IRDAI has also approved amendments to the regulations governing insurance intermediaries.A key reform is the mandatory tagging of the authorised sales person to every insurance proposal, policy and certificate of...
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