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Global average annual insured losses from extreme events exceed $120 Billion: Verisk

by AIP Online Bureau | Sep 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Verisk estimates that on an annual average basis, catastrophes around the world are expected to cause about $123 billion in insured losses compared to an average of $74 billion in actual losses over the past 10 years “The most significant factor driving increased...

QIC Global aligns core companies to assume Antares name

by AIP Online Bureau | Sep 28, 2022 | International News, Non-Life, Reinsurance

The well-known and well-regarded Antares brand – the name of QIC Global’s London and Asia-based Lloyd’s business – has been chosen to reflect the international nature of the wider group’s client base and global operations. QIC Global is part of the QIC Group, which is...

DBS Bank India provides credit insurance cover to Tata Metaliks in collaboration with HDFC ERGO and Atradius

by AIP Online Bureau | Sep 28, 2022 | Banking & Bancassurance, Indian News, Non-Life, Reinsurance

Through the collaboration between DBS, HDFC ERGO and Atradius, this solution enables corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank Mumbai: DBS Bank India Limited today...

EU proposes rules making it easier to sue drone makers, AI systems

by AIP Online Bureau | Sep 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Under the draft rules, victims can seek compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology, or for discrimination in a recruitment process using AI Users can sue for...
Stellar cast of panellists unveiled for 18th SIRC

Stellar cast of panellists unveiled for 18th SIRC

by AIP Online Bureau | Sep 28, 2022 | Intermediaries, International News, Non-Life, Reinsurance

Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth and and Monetary Authority of Singapore Board Member Guest-of-Honour, Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture,...
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