by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Hydearbad: Prodded by the the Ministry of Road Transport and Highways((MORTH) the segment regulator IRDAI, on Wednesday, has formed a panel under G. Srinivasan, director, National Insurance Academy, to assess the suitability of the Indian insurance industry...
by AIP Online Bureau | Jul 1, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
LONDON: Bank of England Governor Andrew Bailey said the British central bank would look at introducing climate change considerations when deciding which corporate bonds it buys once the coronavirus crisis has eased.The BoE has been targeted by climate change...
by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic
GENEVA: The outlook for the global labour market in the second half of 2020 is “highly uncertain” and the forecast recovery will not be enough for employment to return to pre-pandemic levels this year, the International Labour Organization said on Tuesday....
by AIP Online Bureau | Jul 1, 2020 | International News, Non-Life, Reinsurance
OLDWICK, N.J: The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM...
by AIP Online Bureau | Jul 1, 2020 | International News, Non-Life, Reinsurance, Risk Management, Technology
London/Munich/New York/Paris/Singapore:: Under its new leadership, Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, announced a comprehensive transformation program, “New AGCS”, to regain profitability...
by AIP Online Bureau | Jul 1, 2020 | International News, Non-Life, Pandemic, Reinsurance
Singapore: Insurers were able to secure sufficient reinsurance capacity at the 1 July and 1 June renewals supported by adequate reinsurance capital.The remarkable recovery in investment markets allied with investors’ appetite to support additional capital...
by AIP Online Bureau | Jul 1, 2020 | Indian News, Non-Life
Mumbai:: Before getting listed, SBI General Insurance (SBIG) today announced the launch of its new corporate brand identity with redesigned logo and the tagline ‘Suraksha aur Bharosa dono’. Digitization has been always at core at SBIG, hence,...
by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life
NEW DELHI: India on Tuesday deployed a helicopter and a dozen drones spraying insecticide to stop desert locusts that have spread to nine heartland states of the world’s second-biggest producer of rice and wheat. The move came after swarms invaded...
by AIP Online Bureau | Jul 1, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Pandemic, Regulation, Reinsurance, Risk Management
LONDON: “Black Swan” reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd’s of London said. Commercial insurance market Lloyd’s has said...
by AIP Online Bureau | Jul 1, 2020 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance
Singapore: AXA XL today announced its China subsidiary, XL Insurance (China) Company Limited has received green light from China Banking and Insurance Regulatory Commission (CBIRC) to change its business license in China from an insurance license to...
