by AIP Online Bureau | Sep 28, 2022 | International News, Non-Life, Reinsurance
The well-known and well-regarded Antares brand – the name of QIC Global’s London and Asia-based Lloyd’s business – has been chosen to reflect the international nature of the wider group’s client base and global operations. QIC Global is part of the QIC Group, which is...
by AIP Online Bureau | Sep 28, 2022 | Banking & Bancassurance, Indian News, Non-Life, Reinsurance
Through the collaboration between DBS, HDFC ERGO and Atradius, this solution enables corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank Mumbai: DBS Bank India Limited today...
by AIP Online Bureau | Sep 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Under the draft rules, victims can seek compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology, or for discrimination in a recruitment process using AI Users can sue for...
by AIP Online Bureau | Sep 28, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth and and Monetary Authority of Singapore Board Member Guest-of-Honour, Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture,...
by AIP Online Bureau | Sep 28, 2022 | Eco/Invest/Demography, International News, Risk Management
Denmark and Sweden on Tuesday said major leaks on the two Nord Stream pipelines in the Baltic Sea were caused by deliberate acts of sabotage carried out in each of the two countries’ exclusive economic zones. Neither pipeline was in operation amid an energy...
by AIP Online Bureau | Sep 27, 2022 | Health, Indian News, Non-Life
The four PSU general insurers, which together have over 35 per cent of industry’s market share, have generated 70 per cent of its underwriting losses in FY2021-22 19 full fledged private sector general insurers, led by IFFCO Tokio General Insurance, have...
by AIP Online Bureau | Sep 27, 2022 | Banking & Bancassurance, Indian News, Life
Axis Bank’s stake purchase would value the startup’s upcoming life insurance business at $90 million. Axis currently offers some insurance products in partnership with Max Financial Mumbai: Indian private lender Axis Bank Ltd said on Tuesday it has signed...
by AIP Online Bureau | Sep 27, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi HONG KONG: Given Super Typhoon Nanmadol’s reduced strength upon...
by AIP Online Bureau | Sep 27, 2022 | Data, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy
As per Sebi’s regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last...
by AIP Online Bureau | Sep 27, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, the day after a leak on the nearby Nord Stream 2 pipeline was discovered that prompted Denmark to restrict shipping and impose a small no fly zone STOCKHOLM/COPENHAGEN:...
