by AIP Online Bureau | Oct 12, 2022 | Indian News, Non-Life, Reinsurance
Currently, seven active insurers led by New India Assurance and reinsurers led by GIC Re are proving a Hull capacity of over $ 75mn and liability cover of over $ 400mn Mumbai: India not only has seen its aviation market expanding fast, also has emerged as the...
by AIP Online Bureau | Jun 24, 2022 | Articles, Non-Life, Reinsurance, Risk Management, Technology
Though the uninterrupted historical downward trend in air travel accidents,is likely to continue and so reduce the frequency of claims for insurers, claims severity has gone in the opposite direction, as aircraft become increasingly valuable due to growing complexity...
by AIP Online Bureau | Jun 20, 2022 | Indian News, Non-Life
The carrier may order Airbus SE’s A320neo family jets or Boeing Co.’s 737 Max models, or a mix of both, the people said, asking not to be identified because the discussions are confidential. A deal for 300 737 Max-10 jets could be worth $40.5 billion at sticker...
by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
by AIP Online Bureau | Jan 1, 2022 | Eco/Invest/Demography, Indian News
Out of which, 395 routes connecting 63 unserved and underserved airports including six heliports and two water aerodromes have been operationalised The Ministry of Civil Aviation has set a target of operationalising as many as 100 unserved and underserved airports and...
