by AIP Online Bureau | Jan 17, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Underwriters are adding clauses saying no US, UK or Israeli involvement,” he said. “Just about everybody is putting something like that in, and many include the words ‘ownership’ or ‘interest’” War risk rates have gone into a frenzy in recent days following the US...
by AIP Online Bureau | Jan 17, 2024 | Workplace/Employee Benefits
The cost of war-risk insurance for vessels sailing through the Red Sea is spiraling, adding a further potential impediment to trade passing through a waterway already labeled too dangerous for merchant shipping by the US Navy. Underwriters are now charging between...
by AIP Online Bureau | Jan 16, 2024 | Indian News, Non-Life
The insurer’s combined ratio, an important profitability metric for an insurance firm’s underwriting business, improved to 103.6 per cent from 104.4 per cent a year ago Mumbai: ICICI Lombard General Insurance, the country’s second largest general...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation, Reinsurance, Risk Management
Swiss Re officials(L to R) Mahesh H Puttaiah, Head Group Economics & Sigma Research, Hadi Riachi, Market Head (India),Vineet Kumar, Head Cat Perils (APAC) at a press conference in Mumbai to release reinsurer’s report “India’s Economy &...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
The discovery in early 2023 that a half dozen models might be affected by manipulated test results ballooned into a full-blown scandal last month, when Daihatsu revealed that an internal probe found 174 irregularities across 64 cars dating back as far as 1989 Tokyo:...
