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Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26

Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26

by AIP Online Bureau | Jun 4, 2026 | Indian News, Non-Life, Technology

AIC strengthened its technology-enabled insurance ecosystem through the use of advanced analytics, geospatial technologies, satellite imagery, remote sensing and AI-based tools, Lavanya Mundayur,CMD, Agriculture Insurance Company New Delhi:State owned Agriculture...
New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges

New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Jonathan Powell, Managing Director, Guy Carpenter said,“Clients are facing urgent and complex capacity needs following the Middle East conflict. Guy Carpenter was pleased to place the TFP PVT Consortium to provide structured, dependable capacity at scale. This...
Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology

Researchers at the Lloyd’s insurer found so called “supershear” earthquakes accounted for 66% of insured losses from earthquakes since 2016 – equivalent to $13.2 billion – yet are absent from seismic hazard models, building design codes and insurance catastrophe...
Aon appoints José María Navas as chief claims officer for EMEA

Aon appoints José María Navas as chief claims officer for EMEA

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance

In this role, Navas leads the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities to support clients in navigating an increasingly complex claims environment. DUBLIN: Aon plc today announced the appointment of José...
Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits

“While mature markets benefit from broader claims experience and greater transparency, limited loss data in less mature markets should not be mistaken for lower malicious or non-malicious exposure.These markets require even stronger underwriting discipline and careful...
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