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ILS growth to $93bn in 2018 bodes well for a continued healthy market:Willis Re

by AIP Online Bureau | Jan 30, 2019 | International News, Non-Life, Reinsurance

  Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers...

Interim Budget 2019: Modi may counter Rahul with universal basic income

by AIP Online Bureau | Jan 30, 2019 | Indian News

  New Delhi: With Rahul Gandhi throwing down the gauntlet at the ruling BJP dispensation saying that he will usher in a minimum income guarantee scheme if he comes to power, Prime Minister Narendra Modi may be compelled to roll out a Universal Basic Income scheme...

India improves global corruption index ranking by 3 points to 78 in 2018

by AIP Online Bureau | Jan 30, 2019 | Eco/Invest/Demography, Facts, Risk Management

India has improved its ranking on a global corruption index in 2018, while its neighbour China lagged far behind, according to the annual index released by an anti-graft watchdog on Tuesday.   India rose by three points to 78 in the list of 180 countries in the...

Global ransomware attack could cost businesses almost $200bn, new study finds

by AIP Online Bureau | Jan 29, 2019 | International News, Risk Management

  Mumbai::  A global ransomware cyber-attack could cost $193bn and affect more than 600,000 businesses worldwide, according to a new report from the Cyber Risk Management (CyRiM) project, the Singapore-based public-private initiative that assesses cyber...

PolicyBazaar aims to collect Rs 3,500 crore premium in FY19

by AIP Online Bureau | Jan 28, 2019 | Indian News, Intermediaries, Life, Non-Life

New Delhi: Insurance portal Policybazaar which has recently raised around Rs 1,360 crore through a fresh round of investment, has said it aims to collect Rs 3,500 crore premium by the end of the current fiscal, a senior company official said. It collected premium of...
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