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India’s first case of monkeypox reported from Kerala

by AIP Online Bureau | Jul 14, 2022 | Health, Indian News

Union Ministry of Health & Family Welfare has rushed a high-level multi-disciplinary team to Kerala to collaborate with the State Health Authorities in instituting public health measures in view of the confirmed case of Monkey Pox in Kollam district of Kerala...
LIC improves its embedded value to Rs.5,41,492 crore as of March 22, VNB margin rises to 15.1 per cent

LIC improves its embedded value to Rs.5,41,492 crore as of March 22, VNB margin rises to 15.1 per cent

by AIP Online Bureau | Jul 14, 2022 | Indian News, Life

MR Kumar, chairman,LIC LIC’s VNB (Value of New Business ) margin, for the year ended Fy 2021-22 is 15.1 per cent as compared to VNB margin of 9.9 per cent for Fy 2020-21 The corporation’s VNB for year ended March 31, 2022 has been calculated to be Rs 7,619...
Allianz targets multinational insurance with new set-up and dedicated investments

Allianz targets multinational insurance with new set-up and dedicated investments

by AIP Online Bureau | Jul 14, 2022 | International News, Non-Life, Technology

Allianz’s international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is strengthening its capabilities, including a new market-facing team as well as dedicated investments in data and technology, and will expand its customer...
With 9% growth, India will be the 6th largest insurance market globally in 10 yrs: Swiss Re report

With 9% growth, India will be the 6th largest insurance market globally in 10 yrs: Swiss Re report

by AIP Online Bureau | Jul 14, 2022 | Indian News, Life, Non-Life, Reinsurance

“We forecast that premiums will grow by an average 9% per annum (in real terms) over the next decade, stronger than the 7.5% annual average of 2015–2021. At this rate, India will be the 6th largest insurance market in the world by 2032, ahead of Germany, Canada,...

Science offers basis for national climate damage claims: Study

by AIP Online Bureau | Jul 14, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts, Non-Life, Reinsurance, Risk Management

The United States and China, as the world’s two leading emitters, caused global income losses of over $1.8 trillion each from 1990-2014, while Russia, India, and Brazil caused losses individually exceeding $500 billion each for the same years Warmer temperatures can...
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