by AIP Online Bureau | Jan 17, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Underwriters are adding clauses saying no US, UK or Israeli involvement,” he said. “Just about everybody is putting something like that in, and many include the words ‘ownership’ or ‘interest’” War risk rates have gone into a frenzy in recent days following the US...
by AIP Online Bureau | Dec 31, 2023 | Eco/Invest/Demography, Health, International News, Non-Life
The insurers argued that McKinsey worked with Purdue Pharma – the maker of OxyContin – to create and employ aggressive marketing and sales tactics to overcome doctors’ reservations about the highly addictive drugs. Insurers said that forced them to pay for...
by AIP Online Bureau | Dec 17, 2023 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
by AIP Online Bureau | Dec 8, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life, Non-Life
Insurers continue to have “material exposure” to climate change through investments in fossil fuels and energy-intensive industries, as well as through their underwriting of natural catastrophe risk, the global insurance watchdog said London: Insurers are...
by AIP Online Bureau | Nov 22, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
Financial watchdogs are stepping up scrutiny of insurers to monitor the developing risks as the industry retreats from markets deemed too risky to cover. BIS researchers are urging the industry, governments and regulators to work together to ensure there’s adequate...
