by AIP Online Bureau | Jul 21, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Regulation, Reinsurance
LONDON: Some of the world’s biggest insurers are wrong to deny a payout to hundreds of thousands of small British businesses, battered by the COVID-19 pandemic, the London High Court was told on Monday. Britain’s markets watchdog has taken...
by AIP Online Bureau | Jul 21, 2020 | Eco/Invest/Demography, Indian News, Intermediaries, Technology
New Delhi: Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans to secure about $250 million...
by AIP Online Bureau | Jul 21, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
SHANGHAI: China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China Banking and Insurance Regulatory Commission (CBIRC)...
by AIP Online Bureau | Jul 20, 2020 | Eco/Invest/Demography, International News, Regulation
Beijing: China’s banking and insurance regulator said it was raising the cap on how much the country’s insurers can invest in equity assets,an effort trying to bring more long-term funds into the capital market. The China Banking and Insurance Regulatory...
by AIP Online Bureau | Jul 20, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Technology
Zurich: Swiss Re has appointed Carlo Bewersdorf as CEO of iptiQ, its digital platform. Bewersdorf will start in this newly created role on Oct.1, 2020, reporting to group CEO Christian Mumenthaler.Bewersdorf’s appointment follows the announcement in June...
by AIP Online Bureau | Jul 20, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Technology
New Jersey: Majesco,a New Jersey-based based cloud insurance software provider, announced on Monday it will be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a deal worth $594 million. Following...
by AIP Online Bureau | Jul 20, 2020 | Indian News, Non-Life
Lucknow: The Confederation of Officers’ Associations, representing majority of the officers of four public sector general insurance companies(PSGIC), New India Assurance,Oriental Insurance Company,National Insurance Compamny,and United India...
by AIP Online Bureau | Jul 20, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Munich: In the second quarter of 2020, Munich Re registered COVID-19-related losses totalling about €700m in reinsurance. The largest share of these losses is attributable to cover for major events,with a lower impact reported in life and health business...
by AIP Online Bureau | Jul 20, 2020 | Eco/Invest/Demography, International News, Life, Reinsurance, Technology
JERSEY CITY, N.J.: Verisk , a leading data analytics provider, today announced the release of Life Risk NavigatorTM, an innovative, cloud-based stochastic risk modeling platform that offers in-depth portfolio analytics which can enhance risk selection, quantify...
by AIP Online Bureau | Jul 20, 2020 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
GUWAHATI: Intense rain and floods in the Indian state of Assam have killed at least 84 people and displaced more than 2.75 million since May, authorities said on Monday, as they tried to collect the bodies of nine rare rhinos drowned in the past 10 days.Rescue...
