by AIP Online Bureau | Apr 26, 2019 | Indian News, Life
Mumbai: HDFC Standard Life Insurance on April 26 reported a 5 per cent rise in standalone net profit to Rs 364.01 crore for the fourth quarter ended March 31. It had registered a net profit of Rs 346.84 crore in the corresponding quarter of 2017-18. The...
by AIP Online Bureau | Apr 26, 2019 | International News, Non-Life, Reinsurance
When Mondelez International Inc., the maker of Oreo cookies and Cadbury chocolate, suffered a malware attack in 2017, it thought the property insurance policy it had taken out years earlier with Zurich Insurance Group AG would help cover the more than $100 million in...
by AIP Online Bureau | Apr 26, 2019 | International News, Non-Life, Reinsurance
LONDON: Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centres and Brexit are all threatening Lloyd’s...
by AIP Online Bureau | Apr 25, 2019 | Disaster & Management, International News, Technology
An arsenal of new technology is being put to the test fighting floods this year as rivers inundate towns and farm fields across the central United States. Drones, supercomputers and sonar that scans deep under water are helping to maintain flood control...
by AIP Online Bureau | Apr 25, 2019 | Facts, Risk Management, Technology
For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. As the 25-year-old turned the wheel...
by AIP Online Bureau | Apr 25, 2019 | International News, Risk Management
Chicago: Boeing Co on Wednesday abandoned its 2019 financial outlook, said it halted share buybacks in mid-March, and announced $1 billion in increased costs due to the grounding of its 737 MAX jets. Chicago-based Boeing is facing one of the...
by AIP Online Bureau | Apr 24, 2019 | Indian News, Life
Mumbai: ICICI Prudential Life Insurance on April 24 reported a 23 per cent decline in consolidated net profit at Rs 261.02 crore for the January-March quarter of 2018-19. The ICICI Bank subsidiary had reported a net profit of Rs 340.26 crore in the same...
by AIP Online Bureau | Apr 24, 2019 | International News, Reinsurance
London: Canopius AG (“Canopius”) today announced the signing of the definitive sale and purchase agreement that will see the merger of its Lloyd’s business with that of AmTrust at Lloyd’s, a division of AmTrust Financial, subject to...
by AIP Online Bureau | Apr 23, 2019 | Indian News, Life
Mumbai: Witnessing further recovery,, the life insurance industry, at Rs2,14,672 crore, has recorded a growth of 11 per cent in 2018-19, largely driven by individual non-single premium and group single premium. However, the number of policies,...
by AIP Online Bureau | Apr 23, 2019 | Indian News, Non-Life, Risk Management, Technology
Mumbai: Acko General Insurance has partnered with Rapido – India’s largest bike taxi booking app, to launch a trip insurance program which ensures everyday rides run risk-free for commuters. The comprehensive cover offered by Acko kicks...
