by AIP Online Bureau | Jul 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
That phenomenon — known as subsidence — has become worse in the UK after last year’s drought and a deadly heat wave that pushed temperatures past 40C (104F) in July 2022 to record levels The damage has triggered the highest insurance payout in almost two decades, with...
by AIP Online Bureau | Jul 10, 2023 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Reinsurance
With $131 billion of total premium in 2022, currently, India is the 10th largest market in the world where US, China and UK are the top three largest markets India’s life insurance premium market, with a premium of $100 billion, that has grown by 8.2 per cent in...
by AIP Online Bureau | Jul 1, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit from the bloc as a key “Brexit dividend” to unlock billions of pounds to invest in infrastructure The Bank of...
by AIP Online Bureau | Jun 23, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
It follows the proposals that Marsh McLennan has made to Ukrainian and G7 governments for the creation of a war risk insurance pool. This would be a multinational public-private partnership based on the existing terrorism insurance pools that currently operate in...
by AIP Online Bureau | Jun 15, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Debasish Panda, Chairman, IRDAI Four new firms have entered the nation’s insurance sector in the last year, and a few more are in various stages of enrollment, indicating the business environment is favorable, according to Debasish Panda, Chairman, IRDAI. Assets under...
