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ICICI Lombard Q3 net profit surges 68% to Rs 724 cr in Q3FY25

by AIP Online Bureau | Jan 18, 2025 | Indian News, Non-Life

Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The underwriting loss of the general insurer narrowed to Rs 152.3 crore from Rs 283.44 crore in Q3 FY24. Among portfolios, except Fire and Crop , rest of the portfolios like Marine , Health  and Motor...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane

Investigators find feathers in both engines of crashed South Korean Jeju Air plane

by AIP Online Bureau | Jan 17, 2025 | Disaster & Management, International News, Non-Life, Reinsurance

The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
Bayer faces billions in payouts for decades-old toxic mess

Bayer faces billions in payouts for decades-old toxic mess

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, International News, Risk Management

On Tuesday Bayer was hit with a $100 million verdict in the most recent case blaming it for students and faculty at a Seattle-area public school being sickened by exposure to polychlorinated biphenyls, or PCBs, contained in aging fluorescent-light fixtures.The company...

China’s population falls for third straight year, posing challenges for its government, economy

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, International News, Policy

The figures announced by the government in Beijing follow trends worldwide, but especially in East Asia, where Japan, South Korea, Hong Kong and other nations have seen their birth rates plummet. China three years ago joined Japan and most of Eastern Europe among...
2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit in Mumbai on Jan 20

2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit in Mumbai on Jan 20

by AIP Online Bureau | Jan 17, 2025 | Events, Life, Non-Life, Reinsurance

2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit,Monday, January 20, 2025,Hotel JW Marriot, Juhu, Mumbai, Opening Address by Mr. K. Rajaraman, Chairperson, IFSCAAddress by Mr.P.K. Arora, Whole Time Member (Actuary), IRDAIAddress by Mr Tapan Ray, Managing...
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