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Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26

Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26

by AIP Online Bureau | Jun 4, 2026 | Indian News, Non-Life, Technology

AIC strengthens its technology-enabled insurance ecosystem through the use of advanced analytics, geospatial technologies, satellite imagery, remote sensing and AI-based tools, Lavanya Mundayur,CMD, Agriculture Insurance Company New Delhi:State owned Agriculture...
New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges

New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Jonathan Powell, Managing Director, Guy Carpenter said,“Clients are facing urgent and complex capacity needs following the Middle East conflict. Guy Carpenter was pleased to place the TFP PVT Consortium to provide structured, dependable capacity at scale. This...
Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology

Researchers at the Lloyd’s insurer found so called “supershear” earthquakes accounted for 66% of insured losses from earthquakes since 2016 – equivalent to $13.2 billion – yet are absent from seismic hazard models, building design codes and insurance catastrophe...
Aon appoints José María Navas as chief claims officer for EMEA

Aon appoints José María Navas as chief claims officer for EMEA

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance

In this role, Navas leads the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities to support clients in navigating an increasingly complex claims environment. DUBLIN: Aon plc today announced the appointment of José...
Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits

“While mature markets benefit from broader claims experience and greater transparency, limited loss data in less mature markets should not be mistaken for lower malicious or non-malicious exposure.These markets require even stronger underwriting discipline and careful...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner

Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Life, Regulation

Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd’s promoter and CEO Rajesh Mehta from dealing in the company’s securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress...
Kotak Life appoints Amit Palta as Deputy Managing Director

Kotak Life appoints Amit Palta as Deputy Managing Director

by AIP Online Bureau | Jun 4, 2026 | Articles, Life

Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director – designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
Mapfre Re appoints Swiss Re’s Chaturbhuj Bansal to head its GIFT-IFSC branch

Mapfre Re appoints Swiss Re’s Chaturbhuj Bansal to head its GIFT-IFSC branch

by AIP Online Bureau | Jun 4, 2026 | Indian News, Non-Life, Reinsurance, Workplace/Employee Benefits

This appointment represents a key milestone in Mapfre Re’s Asia-Pacific strategy and supports the company’s ambition to build a strong local presence, enhancing proximity to clients and brokers in the region GIFT City: Spanish major Mapfre Re has appointed Chaturbhuj...
CEOs quitting general insurance companies to pursue entrepreneurial ventures

CEOs quitting general insurance companies to pursue entrepreneurial ventures

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Workplace/Employee Benefits

“Private equity firms recognise that capital alone cannot unlock this market; what converts opportunity into enterprise is the credibility that only seasoned operators can provide. A veteran CEO carries, in effect, a ready-assembled portfolio of regulator...
Global insurance market expected to continue shifting eastward over next decade: Allianz

Global insurance market expected to continue shifting eastward over next decade: Allianz

by AIP Online Bureau | Jun 3, 2026 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Risk Management

Overall, the global insurance market is expected to grow at an annual rate of +5.3% over the next ten years, slightly above economic output. Munich:The global insurance market is expected to continue shifting eastward over the next decade, with India and China gaining...
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Recent Posts

  • Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26
  • New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges
  • Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin
  • Aon appoints José María Navas as chief claims officer for EMEA
  • Munich Re appoints new Cyber Heads for Asia-Pacific and Africa markets

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