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Ratings agencies say reinsurance rates to rise by less than 5 pct in 2019     

by AIP Online Bureau | Sep 5, 2018 | International News, Reinsurance

LONDON:   Reinsurance rates are likely to see at most a modest uptick next year due to strong competition in the market, ratings agencies S&P Global, Fitch and Moody’s said on Tuesday. Reinsurers such as Swiss Re , Munich Re and the Lloyd’s...

HDFC ERGO launches Cyber Cover for individuals

by AIP Online Bureau | Sep 5, 2018 | Indian News, Risk Management

  Mumbai: HDFC ERGO, India’s third largest non-life insurance provider in the private sector, today announced the launch of ‘E@Secure’, a Cyber Insurance Policy for individuals.    The sum assured for the cover ranges from Rs 50,000 to...

Accident report confirms Apple still in Autonomous Car race

by AIP Online Bureau | Sep 5, 2018 | International News, Risk Management

  An Apple Inc. self-driving car was rear-ended while merging onto an expressway near the company’s Silicon Valley headquarters this month, the company said in an accident report posted on Friday that confirmed the iPhone maker is still in the race to build...

Record numbers of named Hurricanes form in Pacific, with much quieter Atlantic

by AIP Online Bureau | Sep 5, 2018 | International News

  Hurricanes in the Atlantic and Pacific oceans follow a see-saw pattern — when one region is down, the other is usually up. And with the Atlantic quiet this year, the Pacific is setting records.   There’s been a parade of 14 named storms in the...

US life insurer Prudential joins Direct-to-Consumer Movement

by AIP Online Bureau | Sep 5, 2018 | International News

  New York: US based life insurer Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field.   The...
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