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Global aviation insurance premium to hit a 20-year high of more than $8bn in 2024, says Allianz

Global aviation insurance premium to hit a 20-year high of more than $8bn in 2024, says Allianz

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...

IRDAI asks insurers to fast track Sikkim flood claims

by AIP Online Bureau | Oct 19, 2023 | Health, Indian News, Non-Life, Regulation, Reinsurance, Technology

Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: In a bid to expedite general insurance claims in Sikkim, which has...

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