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National Insurance incurs a loss of Rs 4100 cr in 2019-20, govt infuses Rs 1675 cr as additional capital

by AIP Online Bureau | Sep 29, 2020 | Indian News, Non-Life

  Kolkata: Kolkata based state- owned National Insurance Company(NIC)  has made a net loss of Rs. 4108 crores in 2019-20. The losses for the third year in a row can be mainly attributed to high claims ratio in our major portfolios like Motor,...

$9 billion of Cat bond issuance during the 12-month period to June 2020

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: Aon plc today announced the launch of its ILS Annual Report 2020, which analyses the key trends observed in the insurance-linked securities (ILS) sector during the 12-month period to June 30, 2020. The report, Alternative Capital: Growth Potential...

7.1% of Indian adults showed evidence of exposure to Covid by Aug: Report

by AIP Online Bureau | Sep 29, 2020 | Uncategorized

New Delhi: One in 15 individuals aged 10 years and above were estimated to be exposed to SARS-CoV2 by August 2020, showing that a considerable population is still susceptible to Covid-19, according to the ICMR's second sero-survey findings released on Tuesday....

Govt may sell 25% stake in LIC in phases

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, Indian News, Life, Policy

New Delhi: India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening budget gap. The government plans to...

AstraZeneca gets partial immunity in low-cost EU vaccine deal

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

  European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. The deals reflect different strategies by two...
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