by AIP Online Bureau | Jun 12, 2025 | Indian News, Non-Life, Reinsurance
Air India had renewed its mega $20 billion insurance policy with multinational re/insurer AIG as the lead reinsurer since Apr 1. The primary insurers for the Air India policy are- Tata Aig General Insurance( lead insurer), ICICI Lombard General Insurance, New India...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Indian News, Policy
“Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast that includes both its own planes and those of rivals like Boeing Co. Most of the growth will come from single-aisle aircraft like...
by AIP Online Bureau | Jun 12, 2025 | International News, Non-Life, Reinsurance, Risk Management
Airlines are racking up costs and losing market share from canceled flights and expensive re-routings, often at short notice. The aviation industry, which prides itself on its safety performance, is investing more in data and security planning Proliferating conflict...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News
The ruling relates to 147 planes and 16 engines that had insurance claims worth $4.5 billion attached. While it’s a victory for the lessors, the judge clarified what kind of insurance policies covered the losses, meaning not everything would be covered. Insurance...
by AIP Online Bureau | Jun 12, 2025 | Indian News, Non-Life, Reinsurance
“Around 40 per cent of the fire has now been brought under control. The vessel remains afloat but unmanned and is slowly drifting southeast in the Arabian Sea,” according to updates shared by the Director General of Shipping. Kochi/Mumbai: Indian Coast...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
EU firms are involved in an array of service provision for Russia that’s legal under the cap at current prices but wouldn’t be at $45. That includes use of the large Greek oil-tanker fleet, as well as insurance and reinsurance that’s provided by different firms across...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Policy
Investors in Asia are now considering putting a portion of investment intended for the US into places like India and Australia, due to uncertainties brought on by tariff policies Apollo Global Management Inc. said high-net-worth clients and access to retail investors...
by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
“Autonomy has the potential to significantly reduce accident frequency longer-term and reshape the underlying claim cost distribution and legal liability for accidents,” Goldman Sachs analysts including Mark Delaney wrote in a June 9 note to clients The rise of...
by AIP Online Bureau | Jun 11, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Risk Management
While the monsoon is crucial for refilling these rivers, the danger from water-related disasters, such as floods, landslides, storms, heatwaves, wildfires, droughts and GLOFs, is increasing due to the worsening impacts of climate change. New Delhi: There is a high...
