by AIP Online Bureau | Apr 28, 2022 | Health, Indian News, Non-Life, Regulation
”All risk factors per unit of coverage such as individual, family, group floater, etc, should be separately analysed and priced,” it said. Further, pricing should be based on sound actuarial principles, supporting data considering all the relevant aspects...
by AIP Online Bureau | Apr 28, 2022 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits
In terms of destinations, the survey found that almost 50 per cent of Indians were considering travel to Asia Pacific destinations, with Australia, Thailand and Indonesia topping the chart as the most searched destinations As COVID-19 related international border...
by AIP Online Bureau | Apr 28, 2022 | Articles, Eco/Invest/Demography, Non-Life, Policy, Reinsurance
Jerome Haegeli,Swiss Re Group chief economist Stagflation is fully back on the radar and we now need to be particularly disciplined. 2022 will be a challenging year for insurers with both sides of the balance sheet under pressure” Swiss Re Group chief economist...
by AIP Online Bureau | Apr 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
In 2021, there were 421.5 mil. attempted ransomware attacks in the U.S. and 623.3 mil. globally, up 98% and 105% YoY, respectively, according to a March 2022 report from the Senate Committee on Homeland Security and Governmental Affairs. Ransom payments are also...
by AIP Online Bureau | Apr 28, 2022 | Health, Indian News, Non-Life
Bajaj Allianz General Insurance CEO Tapan Singhel It may be only company in the industry, as all the general insurers are yet to announce their FYQ4 2021-22 results, which, at 98.3 per cent, has a combined ratio below 100% in Q4 FY22 as compared to 96.6% in Q4 FY21...
by AIP Online Bureau | Apr 28, 2022 | Indian News, Non-Life, Technology
By 2030, India wants electric models to make up 30% of total car sales. Tata accounts for 90% of India’s EV sales – a segment that still only represents 1% of the country’s annual sales of about 3 million vehicles Mumbai: Tata Motors expects to...
by AIP Online Bureau | Apr 28, 2022 | Indian News, Technology
“In India’s civil aviation sector, GAGAN will modernise the airspace, reduce flight delays, save fuel and improve flight safety,” the statement said The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in...
by AIP Online Bureau | Apr 28, 2022 | Eco/Invest/Demography, Indian News, Non-Life
Industrial disruption and widespread power cuts are also bad news for corporate India, as economic activity has just started to pick up after months of stagnation amid coronavirus lockdowns New Delhi: India’s northwestern Rajasthan state scheduled four hours of...
by AIP Online Bureau | Apr 28, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Globally, cyber insurance pricing continues to show significant rate increases — 110% in the US and 102% in the UK for the quarter London: Insurance pricing in the first quarter of 2022 in Asia increased 3%, down from 4% in the prior quarter, as price increases...
by AIP Online Bureau | Apr 28, 2022 | International News, Life, Non-Life, Regulation, Reinsurance
Britain inherited the so-called Solvency II rules from the European Union, and reforming them is seen by industry and government as a key reform after Brexit to keep the financial sector globally competitive London: Britain launched on Thursday a public consultation...
