by AIP Online Bureau | May 7, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
Indian airlines have informed the insurers including New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance that they are going by the advise of the Indian government and no aircrafts have been parked in any of the airports around Indo-Pak...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Analysis of more than 32,000 industry claims from 2019 – 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy
“The aviation industry in India is on the cusp of unprecedented growth, with a strong order book of more than 1500 aircraft placed by Indian airlines and a projected demand for over 2,200 aircraft by 2042,” it said. For India to take a leadership position...
by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, International News, Risk Management
“The previous supply concept was probably ‘just in time’; I order when I need it. This is over. We have to carry more resiliency than ever in terms of our operations, including a higher level of standby aircraft and crew.That’s one of the costs...
by AIP Online Bureau | Oct 14, 2023 | International News, Non-Life, Policy, Reinsurance
The guarantee framework will grant Israeli airlines insurance policies against war risks, thereby ensuring the continuity of air operations in Israel Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance...
