by AIP Online Bureau | Jan 9, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
by AIP Online Bureau | Aug 2, 2023 | International News, Non-Life
Lessors are suing dozens of insurers around the world for billions of dollars after more than 400 planes were unable to leave Russia due to Western sanctions in response to Moscow’s invasion of Ukraine that forced the termination of their leases Some of the world’s...
by AIP Online Bureau | Jul 27, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...
by AIP Online Bureau | Jun 28, 2023 | Indian News, Non-Life
The IRDAI said two claims have been settled for Rs.2.25 lakh and the remaining 20 claims have to be settled. The total amount claimed was Rs. 60.52 lakh and after the settling two claims Rs.58.27 lakh remain to be settled Chennai: A total of 22 claims for disability...
by AIP Online Bureau | May 11, 2022 | Eco/Invest/Demography, Health, Indian News, Reinsurance
24 life insurers led by Life Insurance Corporation have paid Rs 17,362.48 crore for settling 2,27,268 Covid death claims Similarly, 30 functioning general insurance companies, including five exclusive health insurers, have already paid over Rs 26,000 crore for...
