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Cyber Liability: the last frontier of the insurance

by AIP Online Bureau | Jun 28, 2019 | Articles, Non-Life, Risk Management, Technology

  Hackers and cyber thieves are growing in number and in the sophistication of their attacks. Attacks that do not require hackers to directly breach systems – fileless attacks – are ten times more likely to succeed than file-based attacks. These...

“Growth and profitability are equally important”

by AIP Online Bureau | Jun 28, 2019 | Interviews, Non-Life

  What are your board agenda for NIA now? The year to date permormance has not been great as we were hit by multiple catastrophe claims in                 India and abroad coupled with non-operational issues like write down...

Indians still buy insurance for “tax-saving and investment”

by AIP Online Bureau | Jun 28, 2019 | Health, Indian News, Life, Non-Life

  Gurugram, Haryana: A survey by the PolicyBazaar.com  shows that  India still buys insurance for "tax-saving" and "investment", however, the country is slowly recognizing that insurance means “protection".   Health...

RMS releases underwriting tools deliver rapid, site-specific insights

by AIP Online Bureau | Jun 28, 2019 | Disaster & Management, International News, Risk Management

   NEWARK, CA; Expanding on its suite of strategic risk products, RMS, a leading global risk modeling and analytics firm, announced the availability of two transformative data solutions hosted on RMS Risk Intelligence (RI), its strategic risk platform....

Govt considering hike in pension age limit under Atal Pension Yojana

by AIP Online Bureau | Jun 27, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age which the government is looking into.   The proposal, under the Atal Pension Yojana (APY), is being examined by the...

Money Indians have in Swiss banks down 6% in 2018, record low in 20 yrs

by AIP Online Bureau | Jun 27, 2019 | Data

  Zurich/New Delhi: Money parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell by nearly 6 per cent in 2018 to 955 million Swiss francs (about Rs 6,757 crore) to hit its second-lowest level in over two decades,...

US-bound Air India plane gets bomb threat, escorted to UK by fighter jets

by AIP Online Bureau | Jun 27, 2019 | Indian News, Non-Life, Risk Management

  London: US-bound Air India plane gets bomb threat, escorted to UK by fighter jets An Air India passenger plane flying to the United States was escorted by British fighter jets to land in London on Thursday after a bomb threat.   Air India said flight AI...

Building trust is key to addressing underinsurance in mature markets: Geneva Association Customer Survey 

by AIP Online Bureau | Jun 27, 2019 | Eco/Invest/Demography, Facts, Intermediaries

  ZURICH: Insurance protection gaps in mature markets could be narrowed by reinforcing trust in insurers, finds a customer survey of The Geneva Association, the global organisation of chief executive officers of insurance and reinsurance companies.   The...

Investors with $34 trillion demand urgent climate change action

by AIP Online Bureau | Jun 27, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  LONDON : Investors managing more than $34 trillion (£27 trillion) in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest...

Discovery of new risk with Boeing 737 to prolong grounding

by AIP Online Bureau | Jun 27, 2019 | International News, Non-Life, Risk Management

  The U.S. Federal Aviation Administration has identified a new risk that Boeing Co. must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday.   The risk was discovered during a simulator test last week and it...
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