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UK heading for ‘fairly hard’ Brexit if Johnson deal passes

by AIP Online Bureau | Oct 18, 2019 | Eco/Invest/Demography, International News

  London: Britain will be on course for more distant economic ties with the European Union, making the country poorer, if Prime Minister Boris Johnson wins parliamentary backing for the Brexit deal he clinched with Brussels on Thursday.   Compared with the...

Typhoons Faxai, Hagibis, not likely to materially impact Japanese non-life insurers’ capitalisation

by AIP Online Bureau | Oct 18, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Hong Kong: The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels, according to a new AM Best...

 Brexit may spur more deals in legacy general insurance policies

by AIP Online Bureau | Oct 18, 2019 | International News, Non-Life, Reinsurance

  LONDON: Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers.   Whether Britain leaves the European Union without a deal or...

SBI General PAT at Rs 278 crs, up 9% in H1 FY 2019-20

by AIP Online Bureau | Oct 18, 2019 | Indian News, Non-Life

  Mumbai: SBI General Insurance has posted a profit before tax of 278 crs in H1 FY 2019-20 compared to Rs 256 crs in the previous year.   The general insurance arm of banking major State Bank of India (SBI) reported an underwriting profit of Rs 37...

India emerges 3rd largest ecosystems for successful start ups

by AIP Online Bureau | Oct 17, 2019 | Eco/Invest/Demography, Facts, Technology

  With 21 unicorns, India has emerged as third largest ecosystems for more successful start ups right behind China and US but ahead of Britain and Israel, according to Hurun Global Unicorn List 2019.   Leading the pack from the country are payments solutions...
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