by AIP Online Bureau | Apr 19, 2023 | Disaster & Management, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Workplace/Employee Benefits
Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...
by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, Health, Indian News, Policy
The latest UNFPA report stated that in India 25 per cent of the population constitutes children aged 0-14, 18 per cent are those aged 10-19 years, 26 per cent belong to the 10-24 age group. About 68 per cent are in the 15-64 age category, while those above 65 are just...
by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, Indian News, Workplace/Employee Benefits
A majority of India’s 1.4 billion population work outdoors, often without protection. Many construction workers, hawkers and rickshaw pullers die each year during the summer as they don’t have the means to beat the heat. India suffers from the most pronounced...
by AIP Online Bureau | Apr 19, 2023 | Health, Indian News, Non-Life, Technology
The current health insurance claims settlement process in the country is mostly manual, non-digital and laborious in nature posing challenges at every stage. The current process of exchanging claims lacks standardization across the ecosystem with most data exchange...
by AIP Online Bureau | Apr 19, 2023 | Facts, Non-Life, Reinsurance, Technology
More than a third (38 per cent) of respondents in India (37 per cent globally) have experienced a data breach in the past 12 months, including 23 per cent (22 per cent globally) reporting that their organisation had been a victim of a ransomware attack Respondents...
