by AIP Online Bureau | Aug 11, 2025 | International News, Reinsurance, Risk Management, Workplace/Employee Benefits
The sexual molestation liability (SML) product will also cover related legal costs and damages or settlements resulting from claims made during the policy term. In addition, SML clients will benefit from the services of global specialist risk consultancy, Control...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
by AIP Online Bureau | Mar 23, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
With a total premium of Rs 1655 crore, the claims ratio for IMTRIP was just 0.21 per cent in FY 24. Similarly, with a premium of Rs 1809 crore, the IMTRIP had a claim ratio of just 0.13 per cent in FY 23. Therefore, GIC Re and other members of the Pool had taken...
by AIP Online Bureau | Sep 17, 2024 | Eco/Invest/Demography, Features, Health, Policy, Regulation, Technology
Narendra Modi,Prime Minister The move rolled out under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) comes as India’s elderly population is projected to double by 2050, and will increase the demand for geriatric care New Delhi: In the first 100 days of...
by AIP Online Bureau | Aug 29, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
“We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh...
