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Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a...
Allianz Commercial launches in global Property & Casualty markets
Chris Townsend, Member of the Allianz SE Board of Management,...
POP ties up with Allianz Australia for M&A Insurance, targets Asia
Fusion M&A, supported by Allianz, is offering a full suite of Transactional Insurance solutions, including Warranty & Indemnity, Tax Opinion, and Contingent Liability; serving the Private Equity and Corporate M&A marketplace.It has developed an extensive ecosystem of advisory, legal,financial, technology and insurance partners across APAC.
Myanmar set to approve licenses for foreign insurers
life insurance providers will be given two options to operate. The first option allows not more than three licenses for foreign life insurers to operate as 100 percent wholly owned subsidiaries. The second allows foreign life insurers with a representative office in Myanmar to form a joint venture with a local life insurer.Two large Indian state owned insurers, The non-life insurance providers with rep offices in Myanmar will be allowed to form a JV with local non-life insurers.The New India Assurance, country’s largest non-life company and the Life Insurance Corporation(LIC), are keen to set up their operations in Myanmar.
Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re
Insurers and reinsurers faced a bill of $80 billion from several catastrophes in 2018 including hurricanes Florence and Michael, typhoons Jebi, Mangkhut and Trami, flooding in Western Japan and the California wildfires.
Senior care facilities & their Insurers try to keep up with Aging America’s falls
Falls are the biggest risk. Allegations of falls account for nearly half of all assisted living claims that insurer CNA Financial Group closed in 2016 and 2017, the company said.
Sharp rise in air crash deaths in 2018: Report
According to Netherlands-based Aviation Safety Network (ASN), airliner accidents killed 556 persons in 2018, compared with 44 in 2017, the BBC reported on Wednesday.
India may have welcomed maximum new borns on New Year: UNICEF
In 2017, about 1 million babies died the day they were born, and 2.5 million in just their first month of life. Among those children, most died from preventable causes such as premature birth, complications during delivery, and infections like sepsis and pneumonia, a violation of their basic right to survival, the UNICEF said.
January Renewals show higher prices for clients with poor loss records: Willis Re
In property catastrophe renewals, cedants with good loss records and a disciplined, early renewal process achieved risk-adjusted rate reductions, while loss impacted accounts are seeing upward pricing across a number of lines. Some primary lines are seeing significantly larger rate increases than treaty reinsurance business
Uber pledges to fight UK Court decision that drivers should be treated as workers
Though the U.K. ruling will not apply to employees outside the country, it is part of a trend in which regulators are more closely scrutinizing a quickly evolving workplace and challenging traditional employment models. Only this week, Britain published its Good Work Plan, promising to clarify the tests around employment status as suggested by the landmark Taylor Review last year
Indonesian tsunami insurance claims may reach $1.09 bn
According to insurance companies PT Maskapai Reasuransi Indonesia (REI) and PT Asuransi Maipark Indonesia, there were at least 191 insurance risks from the disaster, which killed at least 430 people and devastated thousands of homes, buildings and infrastructure.
Volcano-triggered tsunami kills 429, thousands homeless Indonesia
Authorities say the tsunami may have been triggered by an abnormal tidal surge due to a new moon and an underwater landslide following the eruption of Anak Krakatoa, which forms a small island in the Sunda Strait between Java and Sumatra.”The combination caused a sudden tsunami that hit the coast,” Nugroho said, but added that Indonesia’s geological agency was working to ascertain exactly how it happened.