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New Insurance Broking Regulations soon: IRDAI Chief

by AIP Online Bureau | Jan 25, 2018 | Indian News, Intermediaries

Hyderabad: IRDAI Chairman TS Vijayan said the much awaited new insurance broking regulations would be unveiled  `very soon’ as they have already been sent for publication in the government gazette.    "About ownership, partnership, all these...

$344 bn global economic losses in 2017, a record nat cat year: Aon report

by AIP Online Bureau | Jan 24, 2018 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Chicago: Aon Benfield's Weather, Climate & Catastrophe Insight: 2017 annual Report reveals that there were 330 natural catastrophe events in 2017 that generated economic losses of USD353 billion – of which 97 percent (USD344 billion) was due to...

Failure of a top cloud service provider could cost US economy $15 billion

by AIP Online Bureau | Jan 24, 2018 | International News, Risk Management

  London: Businesses in the US could lose $15bn if a leading cloud service provider would experience a downtime of at least three days.   Lloyd’s, the specialist insurance and reinsurance market, in partnership with the risk modeler, AIR Worldwide,...

Finding a decent job may be difficult this year: ILO

by AIP Online Bureau | Jan 23, 2018 | Articles

By Piotr Skolimowski  Finding a comfortable job could be a struggle even as global economy hits its stride in 2018.  That's the conclusion of the International Labor Organization's latest World Employment Social Outlook, which shows that the progress...

Cyber incidents & Business interruption dominate risk landscape for India Inc in 2018: Allianz

by AIP Online Bureau | Jan 22, 2018 | Indian News, Risk Management

Singapore:  Business interruption (# 1 with 42% of responses / # 1 in 2017) and Cyber incidents (# 2 with 40% of responses, up from # 3 in 2017) are this year’s top business risks globally, according to the Allianz Risk Barometer 2018. In India, the top two...
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