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Re/insurers keep a close watch on elevated Indian risks

Re/insurers keep a close watch on elevated Indian risks

by AIP Online Bureau | May 11, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...
Re/insurers keep a close watch on elevated Indian risks

Re/insurers invoke force majeure, not to pay travel claims triggered by airport shutdown and flight cancellation

by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“Most of our travel policies have an exclusion that doesn’t cover situations arising due to acts of any public authority like governments forcing airports to shut down,’’ said a senior official of New India Assurance Mumbai: With major escalation of Indo-Pak...
Re/insurers keep a close watch on elevated Indian risks

Insurers remain high alert over Indian missile attacks on Pak terror targets

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

Indian airlines have informed the insurers including New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance that they are going by the advise of the Indian government and no aircrafts have been parked in any of the airports around Indo-Pak...
US insurers pulling ahead in AI investment, strategy execution

US insurers pulling ahead in AI investment, strategy execution

by AIP Online Bureau | May 4, 2025 | Data, Eco/Invest/Demography, Policy, Regulation, Technology

One thing is certain, AI is not just a technical investment, it’s a strategic business priority for insurers. It demands leadership, cultural alignment, and organisational agility – areas where the US seems to be leading the way right now LONDON: New research...
3 more Russian insurers seek India’s nod to provide cover for oil tankers

3 more Russian insurers seek India’s nod to provide cover for oil tankers

by AIP Online Bureau | Apr 24, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance

The move comes as growing scrutiny of Russia’s oil supply chain by Washington and the European Union, including compliance with a price cap set by G7 for the use of Western ships and insurance, makes it increasingly difficult for Moscow to export its oil.India...
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