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Large claims push up Cyber premiums by 39% for all European industries: Marsh

by AIP Online Bureau | Sep 14, 2021 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology

  Milan: Amid the rising frequency and severity of cyber-attacks, cyber insurance rates increased by an average of 39% for all industries within re/insurance broker Marsh’s Continental Europe client base in the first quarter of 2021, up from a 37% increase...

Madras HC quashes order increasing speed limit to 120 kmph on highways

by AIP Online Bureau | Sep 14, 2021 | Indian News, Non-Life, Policy, Technology

Chennai: The Madras High Court has set aside a notification of the central government, fixing 120 kmph as the speed limit for vehicles plying on highways. A division bench of Justices N Kirubakaran (since retired) and Justice T V Thamilselvi, which quashed the...

India needs $8 trn new greenfield assets to be $5 trn economy by FY27: Report

by AIP Online Bureau | Sep 14, 2021 | Eco/Invest/Demography, Indian News

  New Delhi, Sept 14: India will need USD 8 trillion (around Rs 588 lakh crore) of gross capital formation or new greenfield assets to become a USD 5 trillion (around Rs 368 lakh crore) economy by FY2027, a report said. The report by Deloitte said despite the...

Discussion on pricing of Zydus Cadila’s COVID-19 vaccine going on, decision soon: Dr VK Paul

by AIP Online Bureau | Sep 14, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi,Sept: The discussion on the pricing of Zydus Cadila's COVID-19 vaccine ZyCoV-D is underway, said Dr VK Paul, Member (Health) NITI Aayog on Tuesday. "The discussion on the pricing of ZyCoV-D is ongoing. A decision will be taken soon. We are...

Older people with abdominal fat, weak muscles at risk of developing mobility issues: Study

by AIP Online Bureau | Sep 14, 2021 | Facts, Health

  Brasilia: A recent study led by a team of international researchers revealed that the dangerous combination of weak muscles and abdominal fat can lead to a significant loss of gait speed in older people. Older people with abdominal fat, weak muscles have a risk...

 AXA XL appoints Vanessa Karvela as Head of Client Management & Business Development, APAC & Europe

by AIP Online Bureau | Sep 14, 2021 | International News, Non-Life

  New Delhi: AXA XL Insurance announced it has appointed Vanessa Karvela as head of client management & business development for its APAC & Europe Business Unit. In this role,  Karvela will be responsible for developing and implementing AXA...

Nicaragua gov’t squeezes doctors, talk of ‘health terrorism’

by AIP Online Bureau | Sep 14, 2021 | Facts, Health, Policy

  Mexico City, Sep 13: Other countries have lured doctors out of retirement, pushed medical students to the front lines and buoyed medical personnel exhausted by COVID-19 cases, but in Nicaragua doctors have been harassed, threatened and sometimes forced...

India Post Payments Bank partners with Tata AIG Gen & Bajaj Allianz Gen for distributing insurance products

by AIP Online Bureau | Sep 14, 2021 | Banking & Bancassurance, Indian News, Intermediaries

  Mumbai/New Delhi: India Post Payments Bank (IPPB) today announced strategic alliances with Tata AIG General Insurance Co. Ltd. and Bajaj Allianz General Insurance for distribution of their non-life insurance products across the country. As part of the alliances...

Insurtech: HDFC Life to identify innovative startups

by AIP Online Bureau | Sep 14, 2021 | Indian News, Life, Technology

  Mumbai: Sep 13 HDFC Life, the country's third largest life insurer , and IvyCamp, an initiative of IvyCap Ventures Advisors Pvt. Ltd., have jointly launched the fourth phase of Futurance,an on-going corporate engagement program that identifies startups...

9/11: Specter of terrorism risk still hangs over re/insurance industry

by AIP Online Bureau | Sep 14, 2021 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

  Ben Dyson Insurers, reinsurers and brokers are still grappling with how to best address terrorism risk and absorbing the lessons of the tragic events of Sept. 11, 2001, two decades after they shook the world. Almost immediately after the attacks, the parts of...
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