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“Opening up to 100% FDI may trigger a fresh wave of consolidation and change of shareholding”

by AIP Online Bureau | Jan 2, 2020 | Interviews, Non-Life

How do you see the govt’s decision to allow 100 % FDI for insurance intermediaries? What will be its impacts on the industry particularly on the insurance broking front? Government’s decision is a welcome move. It will help more global capital and...

Reinsurance markets diverge at 1.1 renewal:Willis

by AIP Online Bureau | Jan 2, 2020 | Intermediaries, International News, Non-Life, Reinsurance

  London:Singapore:  Reinsurers have been judicious during the 1.1 renewal period, leading to significant pricing and capacity variance depending on geography, product line, loss record, and individual client relationships. As a result, the renewal season...

Piracy Surges Along Southeast Asia’s Straits of Malacca and Singapore

by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Risk Management

Piracy has surged this year along Southeast Asia’s straits of Malacca and Singapore, one of the world’s busiest trade routes, according to a watch group that tracks maritime security.   Incidents along the shipping choke point have risen to 30, from 8...

Vatican tribunal processes ‘Tsunami’ of clergy sex abuse complaints

by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Risk Management

  The Vatican office responsible for processing clergy sex abuse complaints saw a record 1,000 cases reported from around the world this year – and still some regions that haven’t reported any allegations at all.   The Congregation for the...

Major commercial plane crash deaths worldwide fell by more than 50% in 2019: group

by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

WASHINGTON: The number of people killed in large commercial airplane crashes fell by more than 50% in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, a Dutch consulting firm said on Wednesday. Aviation consulting firm To70 said there were 86...
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