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US cyber insurance premium shrinking to continue: Fitch

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The cyber insurance line was profitable for 2024, but direct written premiums fell for the second straight year due to declining rates and fewer policies in force U.S. cyber insurance renewal premium rates have fallen YoY for the last three quarters and are...
In landmark ruling, UK’s top court says legal definition of woman refers to biological sex

In landmark ruling, UK’s top court says legal definition of woman refers to biological sex

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Policy

The much anticipated ruling centred on whether a trans woman with a gender recognition certificate (GRC), a formal document giving legal recognition of someone’s new gender, is protected from discrimination as a woman under Britain’s Equality Act LONDON:...

CCI clears Patanjali 5 other entities’ proposal to acquire 98% stake in Magma Gen Insurance

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life

Following the CCI approval, Patanjali Ayurved will assume the role of Magma General Insurance’s promoter entity. This will further diversify Patanjali’s portfolio, which currently focuses on healthcare and FMCG. New Delhi: The Competition Commission of...
Near misses, fatal crashes force airlines to confront US worried fliers

Near misses, fatal crashes force airlines to confront US worried fliers

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

“You shouldn’t be scared to get on an airplane, but you should be concerned about the future of our air traffic control system,” said Samuel Engel, a senior vice president of ICF Inc. “We are behind on critical investments and we have an unsustainable funding strategy...
Challenges from tariff uncertainty likely credit negative for insurers: AM Best

Challenges from tariff uncertainty likely credit negative for insurers: AM Best

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management

“Insurance companies have financial exposure to public equities — more so for P/C companies—whose decline will lead to unrealized losses and ultimately, declines in capital.There are 166 P/C insurers that have more than 25% of their assets allocated to...
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