by AIP Online Bureau | Oct 6, 2022 | International News, Life
“We will be able to realize a higher underwriting automation rate using the build-in analytics to adjust rule performance. It is also easier to maintain SaaS solution and the ability to quickly scale-up additional SPARK services for new business use cases”...
by AIP Online Bureau | Oct 6, 2022 | International News, Non-Life, Reinsurance
While AM Best expects premium revenue to increase, mainly driven by fire, personal accident and other specialty insurance, it is probable that underlying underwriting profit will contract from a higher loss ratio for voluntary automobile insurance. Potentially higher...
by AIP Online Bureau | Sep 18, 2022 | Disaster & Management, International News, Non-Life, Reinsurance
Railway operators and airlines have cancelled services and convenience store chain Seven-Eleven Japan temporarily shut around 950 stores. Toyota Motor Corp said it will idle production at three factories on Monday Typhoon Nanmadol bore down on Japan’s...
by AIP Online Bureau | Aug 23, 2022 | International News, Non-Life
Truck and bus maker Hino’s President Satoshi Ogiso told a news conference that during a transport ministry investigation additional misconduct regarding emissions was found that affects more than 76,000 vehicles Japan’s Hino Motors will suspend shipments of small...
by AIP Online Bureau | Aug 23, 2022 | International News, Non-Life, Reinsurance
No one was injured among the six Japanese crew members aboard the tanker Ryoshinmaru and 14 Chinese crew members aboard the Belize-registered cargo ship Xin Hai 99 A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast...
