by AIP Online Bureau | Jan 11, 2020 | International News, Life, Regulation
Jakarta: Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered a $2 billion hole in its books. The crisis affects 17,000 buyers of investment products and...
by AIP Online Bureau | Jan 11, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts
The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago. That’s the conclusion of Europe’s Copernicus Climate Change Service, which published data on Wednesday showing...
by AIP Online Bureau | Jan 11, 2020 | Facts, Non-Life
Boeing Co. released a new batch of internal messages in which company employees discussed deep unease with the 737 Max and problems in flight simulators used to train pilots on the new jetliner, while also trying to avert greater regulator scrutiny of the...
by AIP Online Bureau | Jan 11, 2020 | Uncategorized
The villagers of Hassanabad live in constant fear. Above them the vast Shisper glacier dominates the landscape: A river of jagged black ice moving towards them at as much as four metres per day. Climate change is causing most glaciers worldwide to shrink, but...
by AIP Online Bureau | Jan 11, 2020 | International News, Non-Life, Reinsurance
Paris: The Ukrainian plane crash earlier this week was caused by human error and "U.S. adventurism", Iranian Foreign Minister Mohammad Javad Zarif said in a tweet on Saturday. "A sad day. Preliminary conclusions of internal investigation...
by AIP Online Bureau | Jan 10, 2020 | Indian News, Non-Life
Mumbai: Bulking the slow down trend in the economy, led by the New India Assurance, 34 general insurers, at Rs 1,42,023.78 crore, have recorded a growth of 15.41 per cent in the premium during the first nine months of FY 2019-20. Seven stand alone...
by AIP Online Bureau | Jan 10, 2020 | Health, Indian News, Non-Life, Regulation
Hyderabad: The insurance regulator wants a health insurance claims to be settled or rejected within 30 days from the date of receipt of last necessary document In the case of delay in the payment of a claim, the insurer will be liable to...
by AIP Online Bureau | Jan 10, 2020 | Eco/Invest/Demography, Indian News, Intermediaries, Life
Pune: M. R. Kumar, chairman,Life Insurance Corporation(LIC), has suggested two keyways to increase the life insurance penetration in the country: first the banks need to sell aggressively to their existing customers and the insurance companies need to go...
by AIP Online Bureau | Jan 10, 2020 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across segments, according to industry body SIAM. As per data released by the Society of Indian...
by AIP Online Bureau | Jan 10, 2020 | Eco/Invest/Demography, International News, Reinsurance
Chicago: Aon Securities, the investment banking division of Aon plc said catastrophe bond sector has surpassed USD100bn in cumulative issuance since its inception more than 20 years ago. The sector, which began with the placement of a USD45m...
