by AIP Online Bureau | Dec 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
While there will be an increase in the frequency of cyber attacks fueled by the proliferation of Artificial Intelligence (AI), the insurance sector will work more closely with SMEs to address their needs. LONDON: Traditional reinsurance companies will start offering...
by AIP Online Bureau | Oct 24, 2023 | Indian News, Non-Life, Reinsurance
“For Sikkim event, loss assessment is underway. We do not expect it to be a major event based on initial information available,” said Hitesh Joshi, general manger, GIC Re to Asia Insurance Post “Our hands are tight, We will go by the rule book and the...
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...
