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Hurricane Milton could cost insurers up to $100 billion, analysts say

by AIP Online Bureau | Oct 9, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Category 5 hurricane is due to make landfall on the Gulf Coast of Florida late on Wednesday or early Thursday, and is potentially one of the most destructive ever to hit the region, which is still recovering from devastation caused by Hurricane Helene less than...
Bima Manthan: Re/insurers deliberate State Insurance Plan, RBC Framework, RBS Framework and financial inclusion

Bima Manthan: Re/insurers deliberate State Insurance Plan, RBC Framework, RBS Framework and financial inclusion

by AIP Online Bureau | Sep 6, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

The two-day gathering of re/insurers and others financial sector players also discussed on financial inclusion, micro insurance and focused on synergies that can be shared between the wide network of Micro Finance Institutions, non-banking finance companies, and Small...
Bima Manthan: Re/insurers deliberate State Insurance Plan, RBC Framework, RBS Framework and financial inclusion

IRDAI launches impact study on Risk Based Capital framework

by AIP Online Bureau | Aug 10, 2023 | Indian News, Non-Life, Reinsurance, Risk Management

This study holds paramount significance, as it provides the opportunity to comprehensively evaluate the potential impact on the capital and overall solvency of the insurers This framework would serve as a pivotal mechanism which would enable insurers to maintain an...
Bima Manthan: Re/insurers deliberate State Insurance Plan, RBC Framework, RBS Framework and financial inclusion

IRDA forms panels to implement RBC, IFRS, and Insurtech strategies

by AIP Online Bureau | Jun 10, 2022 | Indian News, Intermediaries, Life, Non-Life, Regulation

In order to take forward the process of setting out reforms for increasing insurance penetration and facilitating sustainable growth of the industry and to explore  the emerging trends and opportunities such as technology based core processes, Insutech, Risk...

COVID-19 to reduce UK life expectancy by 9 Months:Royal Bank of Canada analysts

by AIP Online Bureau | Dec 21, 2021 | Health, International News, Life, Pandemic

The increased mortality will allow the life insurers to release more funds that have been set aside in reserves, boosting operating profit by 7.4 billion pounds ($9.8 billion), or 16%, each year for the next five years, RBC said. The coronavirus pandemic is seen...

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