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IRDAI wants govt to launch parametric catastrophic cover on pilot basis to deepen insurance penetration

by AIP Online Bureau | Feb 24, 2022 | Indian News, Non-Life, Reinsurance, Risk Management

India’s mortality protection gap is 83 per cent and 72 per cent  of the households underestimate the need for protection. Digitalization will allow insurers to rethink their approach in pricing, distribution, and managing the value chain, said Hadi Riachi,CEO,...
Swiss Re appoints Pravina Ladva as Group Chief Digital & Technology Officer and reorganises Group Operations

Swiss Re appoints Pravina Ladva as Group Chief Digital & Technology Officer and reorganises Group Operations

by AIP Online Bureau | Dec 16, 2021 | International News, Reinsurance, Technology

Pravina Ladva, Group Chief Digital & Technology Officer, Swiss Re All technology-related responsibilities of Swiss Re will be bundled under the leadership of Pravina Ladva Zurich: Swiss Re announced today the appointment of Pravina Ladva as Group Chief Digital...
Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re

Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re

by AIP Online Bureau | Dec 14, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The two costliest natural disasters of the year were both recorded in the US. Hurricane Ida wreaked USD 30 – 32 billion in estimated insured damages,including flooding in New York, and winter storm Uri caused USD 15 billion in insured losses, ”In 2021, insured losses...

Swiss Re agrees to sell elipsLife to Swiss Life International

by AIP Online Bureau | Dec 10, 2021 | International News, Life, Reinsurance

Andreas Berger, Chief Executive Officer Swiss Re Corporate Solutions, said: “We are very pleased to have found the perfect partner in Swiss Life to take elipsLife into a successful future. The sale will allow Corporate Solutions to focus on continuing the strong...
Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving

Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving

by AIP Online Bureau | Nov 19, 2021 | International News, Non-Life, Reinsurance, Risk Management, Technology

Andrea Keller, Head of Automotive & Mobility Solutions at Swiss Re, said: “Together with our partner Baidu, we analyse how automated cars perceive their surroundings and how they process that information and respond to it. Our goal is to understand how such...
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