by AIP Online Bureau | Nov 12, 2019 | International News, Non-Life
New York: Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one month. In a statement, the group said it still hopes to receive certification next...
by AIP Online Bureau | Nov 12, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major company. Hackers have...
by AIP Online Bureau | Nov 12, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Australia is bracing for another week of devastating bushfires, with swaths of the eastern seaboard and even areas of greater Sydney facing a “catastrophic” threat that’s unprecedented at this time of year. It’s the first time...
by AIP Online Bureau | Nov 12, 2019 | Indian News, Reinsurance
Mumbai: Due to severe claims worldwide during the year 2019-20, higher agriculture claims and also flood claims in various parts of India,state owned GIC Re has suffered a net loss Rs 486.86 crore in H1 2019-20 compared to a net profit...
by AIP Online Bureau | Nov 11, 2019 | International News, Non-Life, Reinsurance, Risk Management, Technology
London: Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news follows five months of...
by AIP Online Bureau | Nov 11, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Passenger vehicle sales in India rose marginally in October aided by positive festive season sentiment and introduction of new models in utility vehicle space, just about managing to snap 11 continuous months of decline in sales, auto industry body...
by AIP Online Bureau | Nov 10, 2019 | Eco/Invest/Demography, Intermediaries, International News, Technology
Tencent Holdings Ltd. has acquired a minority stake in Policybazaar.com valuing the Indian online insurance aggregator at $1.5 billion, according to a person familiar with the deal, as it tries to get a foothold in the country’s burgeoning insurance...
by AIP Online Bureau | Nov 10, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News
Kolkata/Bhubaneswar: Severe cyclonic storm 'Bulbul' made landfall Saturday midnight between Sagar Islands of West Bengal and Khepupara in Bangladesh, hurtling northeastwards into the neighbouring country over the Sunderban delta, with two deaths reported in...
by AIP Online Bureau | Nov 8, 2019 | International News, Life, Technology
Hartford: Both internal and external pressures are weighing on the life insurance sector to drive innovation and technology adoption. Recent flat sales, a need to generate returns on capital and external pressures such as regulations, customer behaviors,...
by AIP Online Bureau | Nov 8, 2019 | Uncategorized
Mumbai: Mutual funds' asset base increased to Rs 26.33 trillion in October-end, a rise of 7.4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes. The 44-player industry logged an assets under...
