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Thieves steal priceless items from Dresden’s treasury green vault

by AIP Online Bureau | Nov 26, 2019 | International News, Risk Management

  Paris: Thieves have carried out a heist at Dresden’s Green Vault, one of the world’s oldest museum containing priceless treasures and jewels, German officials said Monday.   The treasury of Augustus the Strong of Saxony was established in 1723...

IRDAI suggests no depreciation for the first 3 years in motor claims

by AIP Online Bureau | Nov 25, 2019 | Indian News, Non-Life, Regulation

  Hyderabad: The insurance regulator IRDAI is planning to revamp the ways insurers do motor insurance business, own damage,including the methods for calculating the depreciation and sum isured  of motor vehicles while settling any claims.  ...

‘Unfit’ Uber loses London licence over safety failures

by AIP Online Bureau | Nov 25, 2019 | Eco/Invest/Demography, International News

  LONDON: London's transport authority on Monday refused to renew an operating licence for ride-hailing giant Uber — and blamed "unacceptable" safety risks for passengers. "Transport for London (TfL) has concluded that it will not grant...

For every new A320neo plane added to existing fleet, ground an old one: DGCA tells IndiGo

by AIP Online Bureau | Nov 25, 2019 | Indian News, Non-Life

  New Delhi: Aviation regulator DGCA on Monday instructed IndiGo to ensure that it grounds an old A320neo family aircraft with an unmodified Pratt and Whitney (PW) engine for every new A320neo plane added to its fleet.   "Now onwards, every aircraft...

Swiss Re outlines strategies for further profitable growth in reinsurance

by AIP Online Bureau | Nov 25, 2019 | International News, Non-Life, Reinsurance, Technology

  London: At today’s Investors’ Day, Swiss Re, the largest global reinsurer, has confirmed its strategy, targets and capital management priorities, underlining its unique client access, leading risk knowledge and capital strength as key...
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