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AXA wins $908 million UK court ruling against Santander over protection insurance

AXA wins $908 million UK court ruling against Santander over protection insurance

by AIP Online Bureau | Jul 25, 2025 | International News, Non-Life, Reinsurance

AXA sued at London’s High Court in 2021 over losses related to over 650,000 individual customer complaints about PPI policies, one of Britain’s costliest retail financial scandals, with banks paying out around 40 billion pounds in compensation. LONDON:...

India’s insurance sector to see slower growth due to muted auto sales and weak corporate health renewals: Report

by AIP Online Bureau | Jul 18, 2025 | Data, Health, Non-Life

“We expect slower industry growth largely due to a slowdown in motor sales…… Retail health expanded 9.8 per cent YoY while group remained flat at -0.1 per cent YoY dragged by lower corporate policy renewals.” New Delhi: The insurance industry in India is...
General insurers rush to become preferred choices for Tesla’s EV customers in India

General insurers rush to become preferred choices for Tesla’s EV customers in India

by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

ACKO General Insurance,Zurich Kotak General Insurance and Liberty General Insurance have already announced their special EV covers on Tuesday for Tesla cars. Mumbai: As Elon Musk’s Tesla has set up its first show room in Mumbai for selling its electronic...
Expanding Indian EV Market: Securing Battery Insurance

Expanding Indian EV Market: Securing Battery Insurance

by AIP Online Bureau | Jul 13, 2025 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

Battery, making up about 60% of an EV’s total cost often doesn’t get the focused attention it deserves. This makes it all the more important to highlight the value of dedicated battery insurance for EVs. With the total number of electric vehicles(EV) on the road...
Zurich Kotak General Insurance launches commercial insurance

Zurich Kotak General Insurance launches commercial insurance

by AIP Online Bureau | Jul 7, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

Alok Agarwal, MD & CEO, Zurich Kotak General Insurance Alok Agarwal, MD & CEO, Zurich Kotak General Insurance, said, “The launch of our commercial insurance business is a key strategic pillar of our organization and reflects a year of building an...
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