by AIP Online Bureau | Feb 23, 2023 | International News, Non-Life, Reinsurance
“Munich Re absorbed the crises of 2022 well,” Chief Executive Joachim Wenning said It reduced the share of proportional business and, owing to the attractive price level, grew in the area of non-proportional natural catastrophe covers in particular....
by AIP Online Bureau | Feb 22, 2023 | International News, Life, Technology
K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want...
by AIP Online Bureau | Dec 12, 2022 | Health, International News, Non-Life, Reinsurance
ARC( African Risk Capacity) Group and its partners finalized the development of the cover, which will provide parametric insurance to African Union (AU) member states for three selected pathogens responsible for Ebola virus disease, Marburg virus disease, and...
by AIP Online Bureau | Dec 8, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
“The surety bonds will help in boosting the liquidity in the infrastructure sector by freeing the contractors working capital stuck in bank guarantees. Contractors can utilise these funds for growth of their business,” said Nitin Gadkari, union minister,...
by AIP Online Bureau | Dec 2, 2022 | International News, Non-Life, Reinsurance
According to preliminary estimates, overall losses from all storms amounted to around US$ 110bn, with insured losses in the magnitude of US$ 65bn (excluding the National Flood Insurance Program NFIP1) `2022 continues the trend of increasing losses from US hurricanes...
