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Rising Motor TP losses weighs on NIA’s Q1 results

Rising Motor TP losses weighs on NIA’s Q1 results

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...
Aon reports $111 billion global catastrophe losses in H1, Insured events above average

Aon reports $111 billion global catastrophe losses in H1, Insured events above average

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)....
AI’s biggest challenge is restoring trust in Indian insurance industry: PwC

AI’s biggest challenge is restoring trust in Indian insurance industry: PwC

by AIP Online Bureau | Jul 7, 2026 | Indian News, Life, Non-Life, Technology

L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan, MD&CEO, Galaxy Insurance,SK Kanwar of Reliance Industries, BC Patnaik, Director, National Insurance Academy, Amit Roy, Partner and Leader, Insurance & Allied Business, PwC releasing PwC’s...
Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP

Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP

by AIP Online Bureau | Jun 29, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Direct physical damage is estimated at $6.7 billion (range of $4.7 billion to $8.7 billion), driven by losses to housing and economic assets, according to the preliminary assessment. This does not include infrastructure damage, wider economic disruption and...
Private credit losses could hurt insurers more than banks, ECB warns

Private credit losses could hurt insurers more than banks, ECB warns

by AIP Online Bureau | May 26, 2026 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Private credit has been rattled in recent months by concerns about overspending on artificial intelligence, the technology’s disruptive power notably as regards the software industry and doubts over lending standards.The ECB said that the upstart industry in isolation...
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