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EV batteries remain major challenge for insurers – UK’s Thatcham

EV batteries remain major challenge for insurers – UK’s Thatcham

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

Batteries can make up half of an EV’s cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...

Insurers await IRDAI’s new classification of HDFC bonds post-merger; assess impact on holdings

by AIP Online Bureau | Jun 28, 2023 | Banking & Bancassurance, Indian News, Regulation

There is uncertainty whether HDFC’s bonds will be classified under housing and infrastructure after the merger, and we are awaiting clarification from regulators, Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance, told Reuters. “In...

Transformative industry trends present $200 billion opportunity for re/insurers: Aon Report

by AIP Online Bureau | Jun 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Sherif Zakhary, CEO of Aon’s Strategy and Technology Group, said: “These megatrends each equate to risk and opportunity for the global insurance industry, and so as risk experts we cannot afford to sit on the sidelines and wait for these trends to crystalize. We have...
RBI expands scope of TReDS, includes insurers as participants

RBI expands scope of TReDS, includes insurers as participants

by AIP Online Bureau | Jun 8, 2023 | Indian News, Non-Life, Regulation

”Apart from MSME sellers, buyers and financiers, insurance companies are permitted to participate as ”fourth participant” in TReDS,” it said in a circular Financiers place their bids on the TReDS platforms keeping in view the credit rating of...
Odisha triple train tragedy: Govt asks insurers to report data on policyholders and claim payments

Odisha triple train tragedy: Govt asks insurers to report data on policyholders and claim payments

by AIP Online Bureau | Jun 4, 2023 | Indian News, Life, Non-Life, Policy

The department of financial services(DFS) has asked the General Insurance Council, the official representative body of general insurers, and Life Insurance Council, the official representative life insurers, to collect data from their members about their exposures to...
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