by AIP Online Bureau | Jul 30, 2022 | International News, Non-Life, Reinsurance
The latest figures reveal insured losses have increased six per cent from last month to a record-breaking $5.134 billion The average claim is $22,000, with personal claims averaging $17,000 and commercial claims averaging $71,000 New data, released by the Insurance...
by AIP Online Bureau | Jul 21, 2022 | International News, Reinsurance, Risk Management
Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea Insurance for the ships would be possible “if a sensible solution were offered,” said Rory Colacicchi,...
by AIP Online Bureau | Jul 20, 2022 | Health, Indian News, Regulation
While specifying the criteria, the board of insurers among other things should consider the minimum manpower and healthcare infrastructure facilities, said the IRDAI The insurers have to also publish the board approved empanelment criteria in their website from...
by AIP Online Bureau | Jul 1, 2022 | Indian News, Life, Non-Life, Policy
FSIB will be a single entity for making recommendations for appointments of executive directors, and non-executive chairmen in PSU banks, CMDs, general managers and directors of public sector insurers, said the DoPT order With setting up of FISB, the selection...
by AIP Online Bureau | Jun 14, 2022 | International News, Non-Life, Policy, Reinsurance
“It’s not safe for ships to get in or get out at the moment. Until the mines are swept, that situation is not going to change,” said Guy Platten, secretary general of the International Chamber of Shipping, which is also working on opening up maritime channels As the...
