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...
by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology
This directive comes after an advisory was received from the Indian Computer Emergency Response Team (CERT-In) highlighting a cyber threat campaign specifically targeting Indian organisations operating within the Banking, Financial Services, and Insurance (BFSI)...
by AIP Online Bureau | Mar 23, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
With a total premium of Rs 1655 crore, the claims ratio for IMTRIP was just 0.21 per cent in FY 24. Similarly, with a premium of Rs 1809 crore, the IMTRIP had a claim ratio of just 0.13 per cent in FY 23. Therefore, GIC Re and other members of the Pool had taken...
by AIP Online Bureau | Oct 21, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Risk Management
`Businesses can no longer be just attracted by policies or by the openness of an economy. The risk that the investors and businesses will have to factor into their decision-making is going to be strongly influenced by the impact of global terror,’’ Nirmala...
