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Shriram General Insurance records 22 % jump in net profit to Rs 455 crore in Fy 24

Shriram General Insurance records 22 % jump in net profit to Rs 455 crore in Fy 24

by AIP Online Bureau | May 22, 2024 | Indian News, Non-Life

Anil Aggarwal, MD & CEO, Shriram General Insurance Company. The general insurer’s combined ratio, one of the key matrix for profitability had fallen to 105.98 per cent in Fy 24 from 110.42 per cent in Fy 23 The company’s underwriting losses have fallen...
Decide a limit on serving liquor as customers drive vehicles to return home: Court on Pune car crash

Decide a limit on serving liquor as customers drive vehicles to return home: Court on Pune car crash

by AIP Online Bureau | May 22, 2024 | Indian News, Policy, Risk Management

After hearing the arguments of the prosecution and the defence, Additional Sessions Court Judge S P Ponkshe expressed concern over the loss of two lives in the accident, and said, “…If the person is highly drunk, make arrangements for his stay there. What should...
Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

Global cybercrime cost increased 12x faster than total cybersecurity spending: Report

by AIP Online Bureau | May 22, 2024 | Data, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

Cyber attacks, including ransomware, data breaches, cyber espionage, and phishing, will inflict damages totalling $9.2 trillion in 2024, $1.1 trillion more than last year and a shocking 972 per cent more than six years ago New Delhi: As organisations continue to spend...

Losses from “grey zone” action prompt preparedness, cos expand political risk management capabilities: WTW report

by AIP Online Bureau | May 22, 2024 | Workplace/Employee Benefits

Partly as a result of disruptions in the Red Sea, state-sponsored supply chain disruption appears as one of the main business concerns for 2024 and ‘grey zone aggression’, meaning any action used to weaken a country by any means short of war, has reached the top 10...

Warburg Pincus, Temasek buy insurance services firm SRG in £1 Billion Deal

by AIP Online Bureau | May 22, 2024 | Workplace/Employee Benefits

The deal also comes amid increasing consolidation in the insurance space. Insurance giant Aviva Plc said this year that it would buy specialist insurer Probitas for £242 million. Over the past decade, larger insurers such as Catlin, Amlin and Novae have also been...
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