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IRDA improves ambit of “pre-existing disease” norms

by AIP Online Bureau | Feb 11, 2020 | Health, Indian News, Non-Life, Regulation

  Hyderabad: Issuing clarification on the definition of pre-existing disease,not applicable for Overseas Travel Insurance, the insurance regulator IRDAI has said that it would mean any condition,ailment, injury or disease that is/are diagnosed by a physician...

Italian investor group Exor weighs sale of PartnerRe to France’s Covea

by AIP Online Bureau | Feb 10, 2020 | International News, Non-Life, Reinsurance

  Investment group Exor, which controls carmaker Fiat Chrysler, is in exclusive talks to sell reinsurer PartnerRe to France’s Covea in a deal one source familiar with the matter said was worth around $9 billion.   Exor, the investment vehicle of...

Thai insurer offers first Coronavirus Insurance Policy

by AIP Online Bureau | Feb 10, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Bangkok: The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus.   TQM Corp., with partner Bangkok Insurance Pcl, this week introduced a policy that...

WHO warns overseas coronavirus spread may be ‘tip of the iceberg

by AIP Online Bureau | Feb 10, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  The head of the World Health Organization said on Monday there have been "concerning instances" of coronavirus among people with no travel history to China, warning that it could be the "tip of the iceberg", as he urged all countries to...

GIC Re’s prms at Rs41,812 cr, posts losses of Rs1,556 cr due to flood & agri claims in Apr-Dec

by AIP Online Bureau | Feb 10, 2020 | Eco/Invest/Demography, Indian News

  Mumbai: State owned GIC Re at Rs 41,812.29 crore has recorded a 15.7  per cent growth in its premium in the nine months ended Dec 31,.2019  as against Rs  36,148.65 crore in corresponding period of previous year.  However, on account of...
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