by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...
by AIP Online Bureau | May 23, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life, Non-Life
Non-life insurers and reinsurers are exposed to physical risk through property and catastrophe losses, which are becoming more frequent and severe due to climate change Life insurers are more exposed to the transition risk that affects the assets in their investment...
by AIP Online Bureau | May 17, 2022 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
World Property and Casualty Insurance Report 2022: research suggests that only 8% of insurers are resilience champions; 73% of policyholders rank climate change among their top concerns “The impact of climate change is forcing insurers to step up and play a greater...
by AIP Online Bureau | Apr 3, 2022 | Indian News, Non-Life
The scheme will cover the immediate needs of hospitalisation of the victims for the first 48 hours from the time of hospitalisation or providing necessary treatment, whichever occurs earlier, up to a cost of Rs 30,000 starting from the time of the ambulance reaching...
by AIP Online Bureau | Mar 31, 2022 | Health, Indian News, Life, Non-Life, Regulation
Debasish Panda, Chairman, IRDAI “Yes, we have got intimations to have interaction with the new IRDAI chairman. We are happy that Panda is meeting us face to face. We are getting ready with our agenda to be put before him. Since, he has already dealt with the...
