by AIP Online Bureau | Sep 10, 2026 | Eco/Invest/Demography, Indian News, Non-Life
The underwriting blowout has virtually wiped out industry profitability. Aggregate net profit plunged 92% year-on-year to just Rs 953 crore in FY26, while the industry’s average combined ratio deteriorated sharply from 112.61% in FY25 to 117.83%, underscoring the...
by AIP Online Bureau | Sep 3, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Regulation
The scale of the claims is being driven primarily by engineering and construction exposures, highlighting the concentration of insured losses in large infrastructure projects following the August 26 disaster. Kathmandu:Insurance claims arising from the devastating...
by AIP Online Bureau | Aug 30, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Nepal’s non-life insurance market relies heavily on global reinsurance capacity to underwrite catastrophe risks, and so international reinsurers are expected to absorb a significant share of the overall insured losses,” said Victoria Ohorodnyk, senior director and...
by AIP Online Bureau | Jul 24, 2026 | Indian News, Non-Life
“The Motor Third Party line of business continued to be under pressure as there was no premium increase while claims inflation continued. The significant spike in the Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward...
by AIP Online Bureau | Jul 22, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
Among the period’s defining events were the Venezuela earthquake (preliminary $20-30 billion economic loss), Portugal’s costliest windstorm on record ($4.4 billion economic loss) and an active SCS season across the U.S. ($34 billion economic loss)....
