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TATA AIG General Insurance issues largest-ever Rs 100 crore of Performance Surety Bond

by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Risk Management

Deepak Kumar, senior executive vice president & head – Reinsurance, Credit & Aviation Insurance at TATA AIG General Insurance, stated, “Through this issuance, we are standing by our client to fulfil their contractual obligations throughout the...

Ageas Federal Life declares highest-ever total bonus of Rs 134 crore in FY24

by AIP Online Bureau | Jun 25, 2024 | Briefs, Life

Ageas Federal Life Insurance has announced its highest-ever total bonus of Rs 134.44 crore during the annual valuations for the fiscal year 2023-24. This significant milestone marks the 10th consecutive year of bonus declarations by the company, reflecting a notable...
Growing water stress can negatively impact India’s sovereign credit strength: Moody’s

Growing water stress can negatively impact India’s sovereign credit strength: Moody’s

by AIP Online Bureau | Jun 25, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management

India’s average annual water availability per capita is likely to drop to 1,367 cubic meters by 2031 from an already-low 1,486 cubic meters in 2021, according to the Ministry of Water Resources MUMBAI/BENGALURU: India’s worsening water shortage, triggered...

80% of Indian marginal farmers suffered crop losses due to adverse climatic events

by AIP Online Bureau | Jun 25, 2024 | Data, Eco/Invest/Demography, Non-Life, Policy, Reinsurance, Risk Management

The findings reveal that the primary causes of crop damage were drought (41 per cent), irregular rainfall including excessive or non-seasonal rains (32 per cent), and early withdrawal or late arrival of the monsoons (24 per cent).Although 83 per cent of them are...
Zurich to increase headcount by 40 % in India

Zurich to increase headcount by 40 % in India

by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Technology

Tulsi Naidu, chief executive officer for Asia Pacific There are opportunities to grow in commercial, small and medium enterprise, assurance, auto and general insurance, Naidu said, noting the business has already recorded growth of 40% “over the past few years.”...
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