by AIP Online Bureau | Dec 25, 2022 | Articles, Non-Life, Reinsurance, Risk Management, Technology
Lloyd’s recently announced a new policy to insure against losses stored on certain cryptocurrency wallets. Until the broader insurance market catches up with the rise of cryptocurrency and such insurance becomes more commonly used, most policyholders will need to look...
by AIP Online Bureau | Sep 27, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi HONG KONG: Given Super Typhoon Nanmadol’s reduced strength upon...
by AIP Online Bureau | Aug 20, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy
“We will disburse an amount of Rs 119.10 crores as flood rehabilitation fund through direct benefit transfer to those affected. Till now, 180 people across 34 districts have lost their lives due to floods and 19 people have died in landslides,” he added...
by AIP Online Bureau | Mar 24, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Vladimir Putin,President,Russia Companies that leave and abandon their business without any action taken by the Russia government to seize control of their assets will have a tough time collecting insurance, according to legal experts “You see companies saying...
by AIP Online Bureau | Mar 22, 2022 | International News, Non-Life, Reinsurance
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. “We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and...
