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...
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...
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...
by AIP Online Bureau | Jan 2, 2020 | Interviews, Non-Life
How do you see the govt’s decision to allow 100 % FDI for insurance intermediaries? What will be its impacts on the industry particularly on the insurance broking front? Government’s decision is a welcome move. It will help more global capital and...
by AIP Online Bureau | Jan 2, 2020 | Intermediaries, International News, Non-Life, Reinsurance
London:Singapore: Reinsurers have been judicious during the 1.1 renewal period, leading to significant pricing and capacity variance depending on geography, product line, loss record, and individual client relationships. As a result, the renewal season...
by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Risk Management
Piracy has surged this year along Southeast Asia’s straits of Malacca and Singapore, one of the world’s busiest trade routes, according to a watch group that tracks maritime security. Incidents along the shipping choke point have risen to 30, from 8...
by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Risk Management
The Vatican office responsible for processing clergy sex abuse complaints saw a record 1,000 cases reported from around the world this year – and still some regions that haven’t reported any allegations at all. The Congregation for the...
by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
WASHINGTON: The number of people killed in large commercial airplane crashes fell by more than 50% in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, a Dutch consulting firm said on Wednesday. Aviation consulting firm To70 said there were 86...
by AIP Online Bureau | Jan 2, 2020 | Eco/Invest/Demography, Non-Life, Reinsurance
Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker ‘Happy Lady’ while the vessel was anchored two nautical miles from Limboh port in Cameroon. The attack on the 28 crew-member ship took...
by AIP Online Bureau | Jan 2, 2020 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
Australia’s wildfire crisis intensified on Tuesday as coastal towns across the southeast caught ablaze, forcing thousands of stranded tourists and locals to seek refuge on beaches. Thick black smoke billowing from infernos in Victoria and New South Wales...
