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America is still waiting for Trump’s ‘much better’ Replacement for Obamacare

by AIP Online Bureau | Jan 3, 2020 | Eco/Invest/Demography, Health, International News

As a candidate for the White House, Donald Trump repeatedly promised that he would “immediately” replace President Barack Obama’s health care law with a plan of his own that would provide “insurance for everybody.”   Back then, Trump...

New India unveils comprehensive cover for high cost cancer treatment 

by AIP Online Bureau | Jan 3, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life

  Mumbai: New India Assurance Company(NIC), the largest general insurnace multinational on Friday has launched “ New India Cancer Guard Policy,” a specialised product offering comprehensive insurance solution for cancer treatment    As...

January 1, 2020 reinsurance renewals reflect asymmetrical market:Guy Carpenter

by AIP Online Bureau | Jan 3, 2020 | International News, Non-Life, Reinsurance

London: Reinsurance renewals at January 1, 2020 were shaped by deteriorating loss experience, a lack of new capital inflows and increasingly challenged environments in the primary insurance and retrocession markets, according to Guy Carpenter.   In its initial...

Terror threat: US asks its airlines to exercise caution in Pakistan airspace

by AIP Online Bureau | Jan 3, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  US aviation regulator FAA on Thursday warned America's airlines and their pilots that there is risk involved in operating flights in Pakistan airspace due to "extremist or militant activity", according to an official document.  ...

Oil prices surge after US strike kills Iranian general

by AIP Online Bureau | Jan 3, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Oil prices soared more than 4% today and equities reversed early gains following news that the US had killed a top Iranian general, fanning fresh fears of a conflict in the crude-rich region.   The head of Iran's Quds Force, Qasem Soleimani, was hit in an...

Pak military recruits youth for cyber propaganda war on India

by AIP Online Bureau | Jan 3, 2020 | Eco/Invest/Demography, International News

  NEW DELHI: Pakistan's Inter-Services Public Relations (ISPR), headed by Major General Asif Ghafoor, had been recruiting youths to spread propaganda against India on social media and have recruited over 1,000 interns in one year, sources said here on...

Airbnb insurance leader Langone becomes President for 2020

by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Non-Life

  New York: The risk management society, RIMS, announced that Laura Langone, head of Insurance Operations at Airbnb, Inc. will lead the association as president for the 2020 term.   As president, Langone is succeeding Gloria Brosius, who is director of...

Mandatory standard health policy to have lifelong renewability:IRDA

by AIP Online Bureau | Jan 2, 2020 | Health, Indian News, Non-Life, Regulation, Workplace/Employee Benefits

Hyderabad: Regulator Irdai on Thursday issued guidelines on mandatory standard individual health insurance, asking the general and health insurers to offer product that can take care of basic health needs of customers with maximum sum insured of ₹5 lakh and a minimum...

Allianz buys U.K.’s LV General Insurance Group and Legal & General’s non-life unit

by AIP Online Bureau | Jan 2, 2020 | International News, Non-Life

  London: Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS).   The total consideration by Allianz for 100...

HDFC gets Irdai nod to acquire majority stake in Apollo Munich Health Insurance

by AIP Online Bureau | Jan 2, 2020 | Health, Indian News, Non-Life

  Mumbai: Housing Development Finance Corporation (HDFC) and its subsidiary HDFC ERGO have received all the regulatory approvals to acquire up to 51.2 per cent stake in Apollo Munich Health Insurance.   In a regulatory filing on Thursday, HDFC said the last...
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