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Foreign insurers eye China’s $1.6 trillion private pension business

by AIP Online Bureau | Apr 14, 2019 | International News, Pension & Social Security

Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.   Hong Kong-based AIA Group and...

U.S. State department adds Kidnapping Risk to travel advisories

by AIP Online Bureau | Apr 14, 2019 | Eco/Invest/Demography, International News, Risk Management

  The risk of being kidnapped or taken hostage is being added to the travel advisories issued by the State Department.   State Department advisories have until now included warnings about such things as crime, civil unrest or the potential for terrorism. The...

US jury sides with J&J in latest Talcum-Cancer claim

by AIP Online Bureau | Apr 14, 2019 | Health, International News, Risk Management

  Johnson & Johnson won the latest trial over claims its iconic baby powder can cause cancer, as a jury in Long Beach, California, rejected a lawsuit brought by a 65-year-old retired teacher who claimed the product was contaminated with asbestos.   The...

GIC Re chief awarded Freedom of the City of London

by AIP Online Bureau | Apr 12, 2019 | Indian News, Reinsurance

  London: Alice G. Vaidyan, Chairman and Managing Director of the General Insurance Corporation (GIC Re ) , the country's national reinsurance major, has been awarded the Freedom of the City of London in recognition of her work to promote insurance ties...

Reinsurance brokers permitted to open foreign currency accounts: RBI

by AIP Online Bureau | Apr 12, 2019 | Disaster & Management, International News, Reinsurance

MUMBAI: The Reserve Bank of India Thursday said reinsurance brokers have been permitted to open non-interest bearing foreign currency accounts with banks for undertaking transactions.   Earlier, the Insurance Regulatory and Development Authority of India (Irdai)...
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