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Lloyd’s returns to profit for the first half of 2018

by AIP Online Bureau | Sep 21, 2018 | International News, Reinsurance

  London: The market’s return to profit follows the severe catastrophe experience in 2017, with the result supported by an improved combined ratio of 95.5% (June 2017: 96.9%). Lloyd’s also reported a modest increase in gross written premiums to...

Risky Business-Insurers Face Shifting Landscape   

by AIP Online Bureau | Sep 20, 2018 | Articles, Risk Management

    Insurers are increasingly operating on a shifting landscape across the world. From technological innovations, unconventional monetary policies, political upheavals to regulatory tweaking; the ground rules are being redefined.   Today, with...

IRDAI extends deadline for filing long term motor TP products to Oct 15

by AIP Online Bureau | Sep 20, 2018 | Indian News, Regulation

  Hyderabad: The insurance regulator IRDAI has extended the deadline for the filing of motor long term third party insurance /long term package covers /bundled products under the File and Use Guidelines to Oct 15.   The insurers were required to file all...

IRDAI forms committee on insurance regulatory sandbox & fintech

by AIP Online Bureau | Sep 20, 2018 | Indian News, Regulation, Technology

  Hyderabad: The insurance regulator, IRDAI has formed committee on Wednesday headed by Randip Singh Jagpal, chief general manager, IRDAI to look into the concept of a regulatory sandbox and developing an environment where fintech solutions can be...

Florence portends more massive hurricanes in age of global warming

by AIP Online Bureau | Sep 20, 2018 | Climate, Environment, Renewable Energy, International News, Reinsurance

  Austin: Global warming has increased the likelihood of more massive, sluggish storms like Florence, capable of dropping record amounts of rain and causing the type of catastrophic flooding that crippled North and South Carolina this week, experts said.  ...
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