by AIP Online Bureau | Jun 20, 2023 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance
Law firm Stewarts, which represented the owners of the ExCel Centre, said the ruling “could potentially affect hundreds of thousands of policyholders.” “Policyholders whose BI losses remain uncompensated should now revisit their policy documents to consider whether...
by AIP Online Bureau | Jun 12, 2023 | Indian News, Intermediaries, Technology
Yashish Dahiya,PB Fintech chairman and group CEO ”FY24, our hope is EBITDA coming out of core business will be more than enough to cover all investments and overall, as a company, we should be PAT positive for the full year. What we want is Rs 1,000 crore PAT by...
by AIP Online Bureau | Apr 19, 2023 | Disaster & Management, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Workplace/Employee Benefits
Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...
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...
