by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
by AIP Online Bureau | Sep 3, 2025 | International News, Non-Life, Reinsurance, Risk Management
Abundant capacity and rising competition across most property lines will gradually erode prices, while rising claims costs, notably from more frequent and severe catastrophe losses and persistent social inflation, will pressure underwriting margins, in our base case,...
by AIP Online Bureau | Sep 3, 2025 | Data, Technology
Electric vehicles make up only over 5 per cent of total car sales in India. Within the high-end bracket, just 2,800 EVs priced between Rs 45 lakh and Rs 70 lakh were sold in the first half of 2025. New Delhi: US auto giant Tesla’s entry into the Indian market...
by AIP Online Bureau | Sep 3, 2025 | International News, Risk Management
The loss of two CEOs and a chairman in a year is of historic proportions for Nestle,” said Ingo Speich, head of corporate governance and sustainability at Deka, a top-30 Nestle investor. Nestle has fired its CEO Laurent Freixe after just one year in the job after an...
by AIP Online Bureau | Sep 2, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
The automaker is the latest British company to be hit by a cyber security incident in recent months amid a surge in cyber and ransomware attacks globally, as increasingly sophisticated threat actors disrupt operations and compromise sensitive data. London: Jaguar Land...
by AIP Online Bureau | Sep 2, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The 2025 Global Modeled Catastrophe Losses Report notes a $32 billion increase in non-crop global modeled insured AAL over 2024, which reflects the upward trend in catastrophe losses experienced on a global scale. Over the past five years, insured losses have averaged...
by AIP Online Bureau | Sep 2, 2025 | International News, Technology
TCS and Tryg have a 15-year partnership, and the new deal will ensure a digital transformation for the Scandinavian client, a statement said. Mumbai: India’s largest IT services company TCS on Tuesday announced bagging a EUR 550 million (around Rs 5,642 crore),...
by AIP Online Bureau | Sep 2, 2025 | Data, Non-Life
The MSRTC contested the claim, arguing that Pal was riding rashly and attempted to overtake the bus from the left, causing the accident. However, the tribunal found no supporting evidence for this version. Thane: The Motor Accident Claims Tribunal (MACT) in Thane has...
by AIP Online Bureau | Sep 2, 2025 | Eco/Invest/Demography, Indian News, Policy
Union Finance Minister Nirmala Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for...
by AIP Online Bureau | Sep 2, 2025 | Indian News, Non-Life
UII had rejected the claims saying Sreesanth had a pre-existing toe injury which was not disclosed by Rajasthan Royals New Delhi: State owned United India Insurance has appealed to the Supreme Court challenging an order of the National Consumer Disputes...
