by AIP Online Bureau | Sep 17, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
After Nitin Gadkari, union minister, Ministry for Road Transport and Highways, launched two basic level Surety Bonds, in Dec 2022, issued by Bajaj Allianz General Insurance with the support of reinsurance support from Munich Re and Swiss Re, the Surety...
by AIP Online Bureau | Aug 24, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Natural catastrophe business has become largely loss-making in recent years as prices have failed to keep pace with increasingly frequent, severe and volatile weather-related losses due to climate change. This has reduced reinsurers’ appetite to provide natural...
by AIP Online Bureau | Jul 3, 2023 | Intermediaries, International News, Non-Life, Reinsurance
Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
by AIP Online Bureau | Apr 3, 2023 | International News, Non-Life, Reinsurance
“Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...
by AIP Online Bureau | Jan 25, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The Open Exposure Data Standard will also lower barriers of entry for model developers – including commercial vendors, third-party data providers and academia and other research institutions. Initial testing on reinsurance placement data for Japan, Australia and China...
