by AIP Online Bureau | Jul 11, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC)...
by AIP Online Bureau | Jul 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
German insurer Allianz is insurance partner for the Games. Other insurers, such as the Lloyd’s of London market, are also providing cover. “We are all aware of the geopolitical situation the world is in,” said Eike Buergel, head of Allianz’s Olympic and...
by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Life, Non-Life
The names of the six companies to whom shares have been allotted are Life Insurance Corporation of India, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company and SBI...
by AIP Online Bureau | Jun 7, 2024 | Health, Indian News, Life, Non-Life, Regulation, Technology
Headquartered in Mumbai, the entity would now be incorporated as a Section 8 (non-profit) company under the name ‘Bima Sugam India Federation’. The members of its interim board are are- Rakesh Joshi, former member, IRDAI, Naveen Tahilyani, MD&CEO, Tata Digital,...
by AIP Online Bureau | Jun 4, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: As the cyclone Remal have caused widespread loss of lives, property...
