by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
The Houthi conflict’s disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said New Delhi: The increasing Red Sea crisis may impact trade as...
by AIP Online Bureau | Aug 24, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The war risk premium was increased from around 1% of the cargo’s cost to some 1.20-1.25%, the traders said The increase means every voyage will cost $200,000 per one Suezmax tanker (can carry 120,000-200,000 tonnes) more if Russian oil is delivered to India. The rise...
by AIP Online Bureau | Jul 26, 2023 | International News, Non-Life, Reinsurance
Insurers are, as a result, weighing a potential doubling of the premiums on such policies when airlines typically renew cover in the fourth quarter, the sources said London: Airlines could end up paying twice as much for insurance they need to protect themselves...
by AIP Online Bureau | Jul 5, 2023 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management, Technology
Dan Leahy, Associate Director, said: “Having navigated the early phases of development that often come with new, fast growing lines of business, the cost of cyber insurance is now more commensurate with loss costs following the recent correction. Whilst the first half...
by AIP Online Bureau | Jun 10, 2023 | Articles, Health, Technology, Workplace/Employee Benefits
Anuj Parekh, Co-founder and CEO,Healthysure How Technology advancements makes it easier to customize plans to an individual’s unique needs and bring down the premiums In a world where digital advancements are constantly reshaping our lives, the Indian insurance...
