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GIC Re’s record prm at Rs 41,800 cr,logs a net profit of Rs 3,234 cr in 2017-18, declares 1:1 bonus

by AIP Online Bureau | May 25, 2018 | Indian News, Reinsurance

  Mumbai: With a record premium income of Rs 41,799.37 crore, up 24.5 per cent, the state-run GIC Re has posted a net profit of Rs 3,233.59 crore, up  three per cent, in 2017-18.   The Indian insurer, that got listed recently in the Indian bourses with...

M&A drivers set to remain, fuelling further insurance deals

by AIP Online Bureau | May 25, 2018 | Uncategorized

  London: In an intensely competitive environment, organic growth opportunities are limited and insurers are increasingly turning to merger and acquisition (M&A) activity in their search for profitable expansion, according to a new briefing by A.M. Best. With...

Stronger insurance rules to protect victims of motor vehicle accidents in EU

by AIP Online Bureau | May 25, 2018 | International News

  Brussels: The European Commission is today proposing to strengthen EU rules on motor insurance to better protect victims of motor vehicle accidents and improve the rights of insurance policyholders.   Today's proposal will ensure that victims of motor...

XL Catlin unveils autonomous tech insurance

by AIP Online Bureau | May 25, 2018 | International News, Technology

Bermuda: XL Catlin has announced an insurance solution that supports the design, development, testing and implementation of autonomous technology.   The company has experience in the field of autonomous technologies. An agreement was signed in 2016 with a...

World’s first blockchain platform for marine insurance now in commercial use

by AIP Online Bureau | May 25, 2018 | International News, Technology

  NEW YORK: EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD announce members of the marine industry are using Insurwave, a blockchain platform to support marine hull insurance....
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