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European insurers balk at EU raising capital requirements due to Cyber, Climate Risks

by AIP Online Bureau | Jan 30, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance

  Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer bailouts, a top EU official said on Wednesday.   However...

People with pre-existing conditions are more vulnerable to Coronaviruses:AIR

by AIP Online Bureau | Jan 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Boston: Cat modeling entity AIR has said that so far, mortality associated with the 2019 novel coronavirus is observed particularly among people who are older than 60 years of age, with the mean value of 73 years of age.   Furthermore, the case fatality is more...

Mathur panel suggests ovehauling of Microinsurance Regualtions

by AIP Online Bureau | Jan 30, 2020 | Eco/Invest/Demography, Indian News

   Hyderabad: A committee under Suresh Mathur, executive director, IRDAI has has proposed various technologically supported solutions which can help in not only increasing microinsurance penetration, real time policy servicing support but also help in...

IRDAI fines ICICI Lombard Gen and TATA AIG Gen Rs 1 crore each for violating regulations

by AIP Online Bureau | Jan 30, 2020 | Eco/Invest/Demography, Indian News

  Hydearbad: Finding fault with two prominent general insurers in the country-ICICI Lombard  General Insurance and Tata AIG  General Insurance-, IRDAI has penalised both one crore rupees each for violating the insurance regulations.    The...

China:Coronavirus cases surpass SARS as big economic hit looms

by AIP Online Bureau | Jan 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

BEIJING : Infections from China's coronavirus spread to more than 8,100 people globally on Thursday, surpassing the 2002-2003 SARS epidemic's total in a fast-spreading health crisis forecast to pummel the world's second-largest economy.   The vast...
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