by AIP Online Bureau | Oct 17, 2023 | International News, Non-Life, Regulation, Technology
“If a person is over a certain age, their insurance policy is gone, their independence is gone,” Mullins said. “Not all individuals age the same way. Now data can tell us that the person is driving safely. That’s aresponsible use of AI.” Mind Foundry Ltd., an...
by AIP Online Bureau | Sep 24, 2023 | Indian News, Non-Life, Policy, Regulation, Reinsurance
The general insurance companies are seeking changes in the Indian Contract Act and Insolvency and Bankruptcy Code (IBC) to bring surety bonds at par with bank guarantees when it comes to recourse available to them in case of a default. New Delhi: To make surety bond...
by AIP Online Bureau | Sep 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
by AIP Online Bureau | Sep 17, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
After Nitin Gadkari, union minister, Ministry for Road Transport and Highways, launched two basic level Surety Bonds, in Dec 2022, issued by Bajaj Allianz General Insurance with the support of reinsurance support from Munich Re and Swiss Re, the Surety...
by AIP Online Bureau | Sep 14, 2023 | Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security
Britain is rolling back capital rules for insurers from later this year and the industry has said this would make available up to 100 billion pounds to invest in infrastructure, but some lawmakers have doubts this will actually be the case The government should check...
