by AIP Online Bureau | Jul 30, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts, Non-Life, Reinsurance, Technology
Understanding the link between weather patterns and extreme rainfall is really important for helping Sri Lankan communities prepare and respond to deadly natural disasters and could ultimately save lives, the researchers said New Delhi: Applying weather forecasting...
by AIP Online Bureau | Jul 12, 2023 | International News, Non-Life, Reinsurance
“Our new 4-peril parametric insurance provides an efficient and simplified solution to support businesses vulnerable to multiple weather events that are not covered by traditional insurance products in the market. WTW has structured the region’s first 4-peril...
by AIP Online Bureau | Feb 26, 2023 | Disaster & Management, Facts, Non-Life, Reinsurance
If India experiences a quake of magnitude 8, it would be felt in Colombo and Jaffna, Athula Senaratne, a local university professor, told reporters Sri Lanka’s capital Colombo and the northern capital of Jaffna are likely to feel the effect of any powerful...
by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...
by AIP Online Bureau | Apr 12, 2022 | Eco/Invest/Demography, Health, International News, Non-Life
“Due to poor financial and economic management, the Sri Lankan healthcare sector is on the verge of a severe crisis in saving the lives of patients caused by severe drug and equipment shortages. We need your generous support at this crucial time to continue the...
