by AIP Online Bureau | Jul 14, 2022 | Indian News, Life, Non-Life, Reinsurance
“We forecast that premiums will grow by an average 9% per annum (in real terms) over the next decade, stronger than the 7.5% annual average of 2015–2021. At this rate, India will be the 6th largest insurance market in the world by 2032, ahead of Germany, Canada,...
by AIP Online Bureau | Jun 30, 2022 | International News, Non-Life, Reinsurance
Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States’ worst school shooting in nearly a decade Active shooter insurance typically covers...
by AIP Online Bureau | Jun 26, 2022 | Indian News, Life, Non-Life, Regulation
Debasish Panda, Chairman, IRDAI The insurers will also discuss with the IRDAI on changing the regulations relating to expenses of the management, commission structure to the intermediaries, offering discount on premium to direct policyholders and the norms relating to...
by AIP Online Bureau | May 25, 2022 | Eco/Invest/Demography, International News, Policy, Reinsurance, Risk Management
Insurers from Europe and the United States, which dominate the international marine market, are curtailing coverage for Russian oil tankers, industry sources say, to avoid breaching sanctions imposed in the wake of Moscow’s invasion of Ukraine. Even non-Russian...
by AIP Online Bureau | May 22, 2022 | Indian News, Non-Life
The observation of the top court came while allowing an appeal against the August 2021 order of the National Consumer Disputes Redressal Commission (NCDRC) in a matter relating to the settlement of a claim under the insurance policy for a truck that was stolen in 2013...
