by AIP Online Bureau | Feb 14, 2018 | Articles, Regulation
Mumbai: Insurance regulator Irda has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the welfare fund by March 1. "All insurers having unclaimed amounts of policyholders for a period of more...
by AIP Online Bureau | Feb 14, 2018 | Indian News
Mumbai: The fast growing Indian reinsurance sector seems to be the flavor of the season for the global insurers and investors. The latest entrants that have thrown their hats in the ring are, Prem Watsa, and Allianz Group, who have applied for the...
by AIP Online Bureau | Feb 13, 2018 | Climate, Environment, Renewable Energy, International News
Washington The global sea level is not rising at a steady rate, it is accelerating a little every year, according to a new assessment based on 25 years of satellite data. Researchers at University of Colorado at Boulder in the US calculate that the rate is...
by AIP Online Bureau | Feb 13, 2018 | Articles, Risk Management
Airbus SE said almost a third of its Pratt & Whitney-powered A320neo aircraft are affected by a new engine glitch that has forced the European planemaker to halt some deliveries of the popular narrowbody jet. Of the 113 Pratt-powered aircraft in operation...
by AIP Online Bureau | Feb 12, 2018 | Indian News, Reinsurance
Mumbai: Riding over higher business volume,investmment income, lower claims and underwriting losses, state owned reinsurer GIC Re has reported a net profit of Rs 672.76 crore for the third quarter ended Dec, 2017 against a loss of Rs 401...
