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Digital economy: Parliamentary panel suggests govt to form law on data privacy

by AIP Online Bureau | Jan 4, 2018 | Indian News, Risk Management

New Delhi: A parliamentary committee today suggested that the government should come out with a legislation on data privacy at the earliest, as the country moves towards digitalisation of economy.  The Parliamentary Standing Committee on Finance, headed by senior...

SCOR completes acquisition of MutRé

by AIP Online Bureau | Jan 3, 2018 | International News, Reinsurance

Paris:  SCOR has completed the increase of its stake in MutRé S.A. to 100%. The finalisation of this transaction took place as indicated in the Group's press release of 17 July 2017.   The acquisition of MutRé, which will have an accretive...

Jan 1 Renewals:Reinsurance Pricing ‘Orderly’ Despite Catastrophe Losses

by AIP Online Bureau | Jan 3, 2018 | International News, Reinsurance

  London: Despite the recent catastrophe loss estimates of about $136 billion make 2017 one of the worst loss years on record for the global reinsurance and insurance market, pricing corrections have been more “orderly” than in previous years that had...

China becoming an increasingly difficult environment for reinsurers: AM Best

by AIP Online Bureau | Jan 3, 2018 | Articles

Singapore: China’s reinsurance industry—the world’s third-largest life insurance market and second largest non-life insurance market by premium1 —has been going through a structural transformation in recent years, driven by changes in both the...

No plan at present to have all electric car fleet by 2030: Govt

by AIP Online Bureau | Jan 3, 2018 | Indian News, Policy

New Delhi: There is no plan under consideration at present to have all vehicles electric powered in the country by 2030, Parliament was informed on Tuesday.   “There are, at present, no plans under consideration of the Department of Heavy Industry to make...
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