by AIP Online Bureau | Nov 16, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Risk Management, Technology
“Cloud adoption should be viewed as the start of a transformative journey that fuels long-term business growth, rather than the end game or destination. What’s clear from our research is that while the technology is seen by financial institutions as a building block,...
by AIP Online Bureau | Nov 11, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Risk Management
“Currently, only long-term Motor Third Party (TP) premium is booked annually and commissions also paid annually. Otherwise, the entire premium for other long-term policies such as Fire policies for dwellings, Engineering policies for projects, Janata Personal...
by AIP Online Bureau | Aug 30, 2024 | International News, Non-Life, Reinsurance
The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said. The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover...
by AIP Online Bureau | Aug 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Reinsurance
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...
by AIP Online Bureau | Aug 20, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Technology
Swayamjit Mishra, Managing Director & Partner, Leads Technology in Insurance for BCG India, said, “The obvious & disruptive moves by insurers have been made, now winners will take the more difficult and bold step of attacking the core. The aim with the core is...
