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Swiss Re says helped insure Boeing, Ethiopian Airlines

by AIP Online Bureau | Mar 19, 2019 | International News, Reinsurance, Risk Management

  ZURICH/ADDIS ABABA/PARIS Reinsurance group Swiss Re helped cover jetmaker Boeing Co and Ethiopian Airlines, the Swiss company said on Monday amid an investigation into what caused an Ethiopian Airlines plane crash that killed 157 people.   “We can...

General Insurance industry may close FY 2018-19 with a premium of Rs 1. 7 trillion

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

  Mumbai: Despite over all deceleration in the Indian economy including a visible drop in the auto sales, the domestic general insurance industry with 34 players may end the current fiscal year 2018-19  with a higher premium. .   The industry had logged...

Tougher Asian markets need different approach to risk and insurance driven by data analytics

by AIP Online Bureau | Mar 18, 2019 | International News, Non-Life, Reinsurance, Risk Management

  Singapore: Large and complex risks will continue to dominate the Asian commercial insurance market, proving the current business model unsustainable and not fit for purpose, according to Willis Towers Watson’s 2019 Asia Market Report.   “There...

Govt sets up a high level panel under IRDAI chairman to overhaul Indian insurance sector

by AIP Online Bureau | Mar 17, 2019 | Indian News, Policy, Regulation

  New Delhi:  In a bid to overhaul the Indian insurance sector, almost after 20 years of liberalisation of the industry,  the centre has appointed a high level panel under the chairmanship of S C Khuntia, chairman,IRDAI, just before the Modi government...

In India, most complaints by flyers are about harassment by airline staff

by AIP Online Bureau | Mar 17, 2019 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: Most complaints filed by air passengers in the Civil Aviation Ministry's grievance redressal system relates to behaviour of airline staff and harassment of flyers, according to an official document. .  'Loss of baggage' category in...
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