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Devi Shetty’s Narayana Health Insurance receives license from IRDAI, becomes industry’s 6th health insurer

Devi Shetty’s Narayana Health Insurance receives license from IRDAI, becomes industry’s 6th health insurer

by AIP Online Bureau | Jan 5, 2024 | Health, Indian News, Regulation

Dr. Devi Prasad Shetty, Cardiac Surgeon Narayana Health is one of India’s largest hospital groups with hospitals and heart centres across the country and an international hospital in the Cayman Islands. The group’s facilities provide advanced healthcare in over 30...

MS Amlin launches Financial Lines cover in Middle East

by AIP Online Bureau | Jan 4, 2024 | Eco/Invest/Demography, International News, Regulation, Reinsurance, Risk Management

The Middle East’s financial landscape is rapidly evolving. With increasing M&A and IPO activity, and tighter regulatory requirements, businesses need specialised insurance solutions to navigate the complexities they face. DUBAI: MS Amlin, the Lloyd’s global...
Japan Airlines expects losses of more than $100 million  from wrecked Tokyo plane

Japan Airlines expects losses of more than $100 million from wrecked Tokyo plane

by AIP Online Bureau | Jan 4, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

All 379 people on board the JAL 9201.T Airbus AIR.PA A350 widebody jet escaped before the plane was completely engulfed in flames that took more than six hours to extinguish TOKYO: Japan Airlines on Thursday said it expected losses of more than $100 million after one...
GIC Re and 3 PSU general insurers to shell out Rs 33 crore for JAL’s Tokyo mishap claim

GIC Re and 3 PSU general insurers to shell out Rs 33 crore for JAL’s Tokyo mishap claim

by AIP Online Bureau | Jan 4, 2024 | Indian News, Non-Life, Reinsurance

Indian insurance industry sources said GIC Re will be paying around Rs18 crore while three other PSU general insurers, New India Assurance(NIA), Oriental Insurance Company(OIC) and National Insurance Company(NIC)will have fork out Rs 5 crore each to meet their part of...

U.S. insurer AIG leads $130 million “all-risks” policy for Japan Airlines plane -sources

by AIP Online Bureau | Jan 4, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The Japan Airlines policy mainly covers damage to the hull, one of the sources said. U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance...
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