by AIP Online Bureau | Aug 16, 2019 | International News, Non-Life
NEW YORK: Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk (TCOR), according to the 2019 Risk & Insurance Management Society (RIMS) Benchmark Survey. Reversing the trend of...
by AIP Online Bureau | Aug 15, 2019 | International News, Non-Life
MOSCOW: A Russian Airbus with more than 230 people on board was forced to make an emergency landing after takeoff on Thursday after birds were sucked into its engines.There were no immediate reports of serious injuries. Two Russian pilots safely landed an...
by AIP Online Bureau | Aug 15, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor...
by AIP Online Bureau | Aug 15, 2019 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Zurich: Global economic losses from natural catastrophes and man-made disasters in the first half of 2019 amounted to USD 44 billion, according to Swiss Re Institute's preliminary sigma estimates. This figure is well below USD 109 billion, the average...
by AIP Online Bureau | Aug 15, 2019 | Eco/Invest/Demography, Indian News
New Delhi: Prime Minister Narendra Modi on August 15 said his government will invest a massive Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian economy to $5 trillion in the next five years. ...
by AIP Online Bureau | Aug 15, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
After a lull, rains again lashed parts of Kerala on Wednesday while in Karnataka the situation in coastal and south interior regions improved further with a let up in the downpour, as the toll rose to 163 with over 50 people missing in the two states. Around six lakh...
by AIP Online Bureau | Aug 15, 2019 | International News, Non-Life, Technology
London: Making changes in its leadership team, UK based Wrisk has announced that effective from July 2019, Nimeshh Patel has been appointed as the CEO and , Niall Barton has moved into the position of Executive Chairman. Nimeshh joined...
by AIP Online Bureau | Aug 15, 2019 | International News, Life
LONDON: Britain’s biggest insurer Prudential (PRU.L) will complete a planned break-up of the company by the end of the year, with its UK-focused fund and insurance business set to list as M&G Plc. The Asia and U.S.-focused rump of the company...
by AIP Online Bureau | Aug 15, 2019 | Eco/Invest/Demography, International News
The stream of investors seeking refuge in the safest parts of the market has triggered yet another recession warning, with yield curves inverting from the U.S. to the U.K. The gap between two- and 10-year yields dropped below zero on both sides of...
by AIP Online Bureau | Aug 14, 2019 | Indian News, Non-Life, Reinsurance
Mumbai: State owned listed reinsurer GIC Re has seen its gross premium rising by 11 per cent to of Rs 20,813.12 crore while its net profit has plummeted by 85 per cent to Rs 108.60 crore during first the quarter ended in June 30 as compared to...
