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Global life reinsurers poised for growth, but mature U.S. market still key:AM Best 

by AIP Online Bureau | Apr 17, 2019 | International News, Life, Reinsurance

  OLDWICK: Growth in the U.S. life reinsurance market has been challenged due to limited growth by direct writers, but opportunities have taken shape in emerging markets, particularly in the Asia-Pacific region, as well as in legacy life/annuity blocks of...

France’s AXA provided insurance cover for two Notre-Dame contractors

by AIP Online Bureau | Apr 17, 2019 | International News, Non-Life

  PARIS: French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame’s restoration prior to the blaze that devastated the cathedral.   The fire ripped through the...

IMF officials urge Governments to limit risks to global economy

by AIP Online Bureau | Apr 15, 2019 | Uncategorized

  The International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters.   “We see downside risk and that means one has to be very...

Digvijaya Singh accuses Centre of misusing LIC

by AIP Online Bureau | Apr 15, 2019 | Indian News, Life

  Bhopal:  Senior Madhya Pradesh Congress leader Digvijaya Singh on Monday accused the Central government of forcing the state-run Life Insurance Corporation (LIC) to bail out cash-strapped entities in contravention of norms.   He also alleged that...

Indians most worried about terrorism, jobs and corruption: Survey

by AIP Online Bureau | Apr 15, 2019 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: Indians are most worried about terrorism, unemployment, and financial and political corruption, even as at least 73 per cent of the countrymen are optimistic that the nation is headed in the right direction, according to a survey.   The...

India facing shortage of 600,000 doctors, 2 million nurses: Study

by AIP Online Bureau | Apr 14, 2019 | Eco/Invest/Demography, Health, Indian News

  Washington:  India has shortage of an estimated 600,000 doctors and 2 million nurses, say scientists who found that lack of staff who are properly trained in administering antibiotics is preventing patients from accessing live-saving drugs.   ...

Mumbai airport has more private jet departures than Dubai, Tokyo

by AIP Online Bureau | Apr 14, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  Mumbai airport has more private jet departures than Dubai, Tokyo city airport leads Dubai and Tokyo by a wide margin in private jet departures at around 1,516 outbound aircraft movements in 2018, which is 8.28 percent higher than the Gulf city at 1,400, and 20...

Foreign insurers eye China’s $1.6 trillion private pension business

by AIP Online Bureau | Apr 14, 2019 | International News, Pension & Social Security

Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.   Hong Kong-based AIA Group and...

U.S. State department adds Kidnapping Risk to travel advisories

by AIP Online Bureau | Apr 14, 2019 | Eco/Invest/Demography, International News, Risk Management

  The risk of being kidnapped or taken hostage is being added to the travel advisories issued by the State Department.   State Department advisories have until now included warnings about such things as crime, civil unrest or the potential for terrorism. The...

US jury sides with J&J in latest Talcum-Cancer claim

by AIP Online Bureau | Apr 14, 2019 | Health, International News, Risk Management

  Johnson & Johnson won the latest trial over claims its iconic baby powder can cause cancer, as a jury in Long Beach, California, rejected a lawsuit brought by a 65-year-old retired teacher who claimed the product was contaminated with asbestos.   The...
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