by AIP Online Bureau | Dec 11, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management
On average, fossil-fuel premiums account for less than 2% of total premiums, raising questions about why insurers aren’t using their immense influence to protect the other 98% of their business from spiraling climate risks Top insurance companies suffered $10.6...
by AIP Online Bureau | Aug 15, 2024 | Articles, Eco/Invest/Demography, Health, Non-Life, Reinsurance
Experts argue in favour of removal of 18% GST on Health covers to boost insurance penetration “If GST is removed, a straight 18% less in amount will keep people from choosing higher sum-insured or better policy coverages in the same amount” Rakesh Jain,...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life
“The 18 per cent GST on medical insurance premiums is proving to be a deterrent for the growth of this segment of business which is socially necessary.”Union Minister of Road Transport and Highways Nitin Gadkari New Delhi: Union Minister of Road Transport...
by AIP Online Bureau | Apr 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
According to S&P Global Ratings, that means the premiums for electric cars can range from 20% higher to double fuel-powered vehicles. In China, most people providing online car-hailing services also drive EVs, which is another risk factor insurers are looking at,...
by AIP Online Bureau | Feb 7, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...
