by AIP Online Bureau | Oct 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its Best’s Commentary, “Jamaica’s Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses....
by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Oriental Insurance Company, a branch of India’s Oriental Insurance, has received the largest amount of claims till September 16, according to the data released by the Nepal Insurance Authority. It alone has received claims of NPR 5.14 billion across 40 cases....
by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
by AIP Online Bureau | May 13, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Reinsurance, Risk Management
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
by AIP Online Bureau | May 11, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...
