by AIP Online Bureau | Aug 11, 2024 | Data, Eco/Invest/Demography, Features, Health, Non-Life
According to experts, close to 5 to 7 lakh people in the country suffer from temporary or permanent disability each year due to the high rates of accidents and crippling diseases and lose their ability to work and earn a livelihood New Delhi: A staggering number of...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Thomas Blunck,Member of the Board of Management, Munich Re said,”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is...
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...
by AIP Online Bureau | Jul 17, 2024 | Banking & Bancassurance, Data, Health, Non-Life
Taking note of the evidence before it, the commission comprising President Inder Jeet Singh observed that the denial of the claim by the insurance company was “arbitrary, without any valid ground and contrary to the terms and conditions of the policy”,...
by AIP Online Bureau | Jul 16, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Policy
Jérôme Haegeli, Group Chief Economist, Swiss Re Jérôme Haegeli, Swiss Re’s Group Chief Economist says, “The insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside, which should...
