by AIP Online Bureau | Sep 4, 2019 | International News, Risk Management, Technology
Google agreed to pay a $170 million fine to settle charges that it illegally collected and shared data from children on its YouTube video service without consent of parents, US officials announced on September 4. The settlement with the Federal Trade Commission...
by AIP Online Bureau | Sep 4, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
London: Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8 per cent increase from a re-stated USD 518 billion at year-end 2018[1], with strong investment markets being the main driver...
by AIP Online Bureau | Sep 4, 2019 | Indian News, Non-Life
Mumbai: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between Future Group and global insurer Generali, has appointed Anup Rau as the Chief Executive Officer and Managing Director on Wednesday. . He...
by AIP Online Bureau | Sep 3, 2019 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Risk Management
New York: S&P Global Ratings has kept its stable outlook on the global reinsurance sector and on the majority of the reinsurers it rates. This assessment is mostly based on reinsurers' still-robust capital adequacy and relatively disciplined...
by AIP Online Bureau | Sep 3, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: In a major decision in the first meeting with a delegation from Jammu and Kashmir after removal of Article 370 and bifurcation of the state, Union Home Minister Amit Shah on Tuesday assured of providing Rs 2 lakh life insurance cover to each panch...
by AIP Online Bureau | Sep 3, 2019 | Indian News, Life
Mumbai: National insurer Life Insurance Corporation's western zone is looking to sell 39.75 lakh new policies worth Rs 11,375 crore in premium income this financial year, almost 11 percent over the past fical year. The western zone consists of...
by AIP Online Bureau | Sep 3, 2019 | Indian News, Non-Life, Policy
New Delhi: The Delhi Police issued 3,900 challans, including 45 to drink and drive and 557 for dangerous driving, to traffic rule violators on the first day of the newly amended Motor Vehicles Act, which came into effect, officials said. Parliament had...
by AIP Online Bureau | Sep 3, 2019 | Facts
Cancer has become the leading cause of death in rich nations, overtaking heart disease, according to the results of two landmark, decade-long global surveys of health trends released Tuesday. Heart disease remains the leading cause of mortality among...
by AIP Online Bureau | Sep 3, 2019 | International News, Non-Life, Risk Management
SINGAPORE: Willis Towers Watson has launched a new advisory capability to help chief financial officers and risk managers reduce volatility and minimise their total cost of risk. Connected Risk Intelligence, available for large corporate...
by AIP Online Bureau | Sep 3, 2019 | Uncategorized
Hurricane Dorian Likely to Cause $25 Billion of Losses, UBS SaysHurricane Dorian, the storm currently devastating the Bahamas, will cause at least $25 billion of losses for insurers, according to analysts at UBS Group AG, a figure that would make it the most...
