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Insurers receiving claims for damaged vehicles due to floods in Bengaluru

by AIP Online Bureau | Sep 7, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Majority of claims would be related to vehicle damage. Bengaluru: Insurance companies have started receiving claims for the vehicles damaged due to floods in India’s IT hub Bengaluru. Incessant rain and and consequent waterlogging in many parts of the city led...

MS Amlin strengthens its Singapore team with six new hires

by AIP Online Bureau | Sep 7, 2022 | International News, Non-Life, Reinsurance

The new appointments will bolster MS AAP’s underwriting and claims expertise, with four hires to the Reinsurance division and an additional hire to the Political Violence, Trade Credit and Political Risks team London: MS Amlin Underwriting Limited (MS AUL), the...

SC rejects Bagic’s plea against Bombay HC order on crop claims

by AIP Online Bureau | Sep 7, 2022 | Indian News, Non-Life, Reinsurance

Earlier, the top court had on June 16 stayed a Bombay High Court order which asked Bagic to compensate over 3.5 lakh farmers under the PMFBY for the loss of soybean crop due to heavy rainfall in 2020.The vacation bench had asked the insurance company to deposit Rs 200...

Industry headwinds fail to dampen ILS Success, Aon Report

by AIP Online Bureau | Sep 7, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...

India: Just 44 pc of premium office space green certified; Green buildings command higher rent,Report

by AIP Online Bureau | Sep 7, 2022 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

The seven cities are Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. ”It is imperative to look at growing the overall certification coverage if we are to look at achieving the net-zero pledge of 2070 for India, with real estate set to play a...
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