by AIP Online Bureau | Apr 28, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: The death toll due to COVID-19 rose to 934 and the number of cases climbed to 29,435 in the country on Tuesday, according to the Union Health Ministry The number of active COVID-19 cases stood at 21,632, while 6,868 people have recovered and one...
by AIP Online Bureau | Apr 28, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Risk Management
New York: Nearly 42 per cent chief financial officers (CFOs) are not prepared for the second wave of COVID-19 and only 8 per cent of them have a second wave factored into all their planning scenarios, a Gartner survey has revealed. Only 22 per cent CFOs have a...
by AIP Online Bureau | Apr 28, 2020 | Intermediaries, International News, Non-Life, Reinsurance
London: Aon PLC, said on Monday it was cutting salaries of its executives and most of its employees, and suspending its stock repurchase program, as it looks to preserve financial flexibility amid the COVID-19 pandemic. In a letter to employees,...
by AIP Online Bureau | Apr 28, 2020 | International News, Non-Life, Reinsurance
SINGAPORE: Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit...
by AIP Online Bureau | Apr 28, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation
Mumbai: In an all-cash deal, Axis Bank,third largest private bank,has decided to further enlarge its stake in Max Life Insurance(Max Life) by buying additional 29 per cent in the life insurer and announced the signing of definitive...
by AIP Online Bureau | Apr 27, 2020 | Indian News, Life
Mumbai: Hit by a large fall in the net investment income and a rise in provisions. private life insurer HDFC Life Insurance posted a 14.5 percent year-on-year (YoY) decrease in consolidated net profit for the March quarter (Q4) at Rs 311.65 crore. ...
by AIP Online Bureau | Apr 27, 2020 | Eco/Invest/Demography, Health, International News
WASHINGTON: The U.S. Supreme Court on Monday ruled in favor of health insurers seeking $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans.The 8-1...
by AIP Online Bureau | Apr 27, 2020 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security
Mumbai: The IPO bound Life Insurance Corporation, India’s largest life insurer, has achieved its highest number of policies for the last six years in 2019-20. Individual New Business performance of the corporation as at March 2020 has shown impressive...
by AIP Online Bureau | Apr 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: The death toll due to COVID-19 rose to 872 and the number of cases climbed to 27,892 in the country on Monday, according to the Union Health Ministry. The number of active COVID-19 cases stood at 20,835 while 6,184 people were cured and...
by AIP Online Bureau | Apr 27, 2020 | International News, Non-Life, Reinsurance
Mumbai: GIC Re’s operations in Brazil gets status upgrade from ‘occasional reinsurer’ to ‘admitted reinsurer’ by the Brazilian Superintendence of Private Insurance (SUSEP). This will enable more reinsurance business in Brazilian...
