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Here is a masonry blog layout with no sidebarGeopolitical tensions create significant increase in political risk losses up from 2017:Survey
Larger companies were more likely to report using avoidance strategies – among companies with more than $1 billion in revenues, 82% stated that they had scaled back investments, and 86% had avoided future investments. Companies most frequently reported scaling back investments in Nigeria, Iran, Russia and Venezuela.
Collaborative approach between incumbent insurers and InsurTechs gains traction:World InsurTech Report 2018
The report finds that insurance executives across the industry believe that InsurTechs will be a major catalyst to redefine the customer experience, deliver widespread efficiencies, and create new business models. The industry also expects disruption and new competition to come from BigTech[2] companies and manufacturers. This comes in the wake of an InsurTech sector that saw investment increase at a compound annual growth rate of 36.5 percent between 2014 and 2017
Pakistan approves first Islamic reinsurance service
Islamabad: Pakistan’s capital market regulator has granted approval to the country’s sole reinsurer to offer sharia-compliant reinsurance, part of efforts to boost the fledgling Islamic insurance (takaful) sector.The Securities and Exchange...
Indonesia earthquake and tsunami: How warning system failed the victims
Palu – a city in Sulawesi located in a narrow bay – was hit by waves as high as six metres. The surging water brought buildings down and caused widespread destruction. Hundreds of people had gathered for a beachfront festival and it was was a scene of horror as waves powered over the beach – sweeping up everything in their path.
Govt mulls 100% FDI in insurance broking; insurers’ cap to stay at 49%
IRDA keeps a tab on `non-promoters’ investments in insurance cos
Govt plans to bring in stricter disclosure norms for independent directors
FPI outflow at 4-month high of Rs 210 bn in Sept on widening CAD, trade war
WhatsApp Message Destroys 71% of Indian E-Commerce Firm’s Value
The message was sent a few months ago by an Equirus analyst to some clients and resurfaced on the messaging platform Thursday .The record slump on Friday prompted the company to make a voluntary clarification to exchanges saying there was no pending information or announcement that may impact its share price.
IRDAI allows distribution of all micro-insurance products via PoS
Agreeing to the suggestions of insurance companies, IRDAI in a circular has done away with the practice of pre-fixing the word ‘PoS’ on life, general and health products sold through PoS. The regulator said it has received representations from insurance companies requesting to do away with the prefix ‘POS’ in the product name.
Govt moves to find successors of Joseph and Sathe at IRDAI
Indonesia earthquake, tsunami toll reaches 384, more than 540 injured
Indonesia’s 17,000 islands are prone to earthquakes because the country straddles the Ring of Fire, an arc of fault lines and volcanoes that causes frequent seismic upheavals. At least 160,000 people were killed on Sumatra Island as a result of a 9.1 magnitude earthquake and tsunami on Boxing Day in 2004
Another breach hits FB, despite vow to protect data
A few days before that, Zuckerberg wrote that the company was better prepared for attacks by foreign actors spreading division and misinformation ahead of elections in the US, France and other countries. The prospect of hackers taking control of almost 50 million Facebook accounts may undermine those assertions.
KKR and Blackstone Group consider $3 billion Shriram deal: Sources
58 million Indians living without pension: Survey
According to National Social Assistance Programme (NSAP), a welfare programme administered by the Ministry of Rural Development, 80 million elderly people in India are entitled to a pension of Rs 200 per month This meagre amount reaches only about 22.3 million people, Pension Parishad Coordinator, Nikhil Dey said.
Harmful use of alcohol kills more than 3 million people each year, most of them men:WHO
Of all deaths attributable to alcohol, 28% were due to injuries, such as those from traffic crashes, self-harm and interpersonal violence; 21% due to digestive disorders; 19% due to cardiovascular diseases, and the remainder due to infectious diseases, cancers, mental disorders and other health conditions.
LIC, Orix, SBI to subscribe to Rs 45 billion IL&FS rights issue
Kerala floods not to impact profitability of non-life insurers:AM Best
A.M. Best expects fire and motor to be the most impacted lines of business. Motor own damage is one of the leading sources of business, accounting for 30 per cent of gross premiums in the state. Four large insurers, which wrote an estimated 70% of Kerala’s gross non-life premiums in 2017, are likely to absorb the majority of claims.