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Swiss Re net profit at $421 mn in 2018, gross premium rises 4.7 % to $36.4 bn

by AIP Online Bureau | Feb 21, 2019 | International News, Reinsurance

Zurich: Swiss Re, the second largest global reinsurer, reported a net income of USD 421 million in 2018,compared to USD 331 million in 2017.despite high natural catastrophes and man-made losses.   The group's gross premiums written during 2018 increased by...

7.16 lakh jobs created in Dec, 72.32 lakh in last 16 months: Payroll data

by AIP Online Bureau | Feb 21, 2019 | Data, Eco/Invest/Demography

  New Delhi: Employment in the formal sector almost trebled to touch a 16-month high of 7.16 lakh in December 2018 compared to 2.37 lakh in the year-ago month, according to the latest EPFO payroll data.   Around 72.32 lakh new subscribers were added to...

Regulatory cost weighs on India’s CEOs as Modi fights corruption

by AIP Online Bureau | Feb 21, 2019 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: Companies operating in India see regulatory compliance as the biggest cost overrun in the next two years, a sign that Prime Minster Narendra Modi’s efforts to curb corruption may be clashing with his plans to improve ease of doing business in...

Indians grossly underprepared to face the financial instability caused by eventualities: Max Life Survey

by AIP Online Bureau | Feb 20, 2019 | Indian News, Life, Pension & Social Security, Risk Management

  New Delhi: A pan India survey, conducted by Max Life and Kantar IMRB, revealed that Indians feel grossly underprepared to face the financial instability caused by eventualities of life.   As per the survey, urban India stands at the Protection...

EU insurance watchdog seeks to avoid Brexit no-deal disruption

by AIP Online Bureau | Feb 20, 2019 | Policy, Reinsurance

  LONDON:  Policies bought by European Union customers from British insurers would still be valid if the UK crashes out of the bloc next month with no deal, the EU’s insurance watchdog said on Tuesday.   The European Insurance and Occupational...
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