by AIP Online Bureau | Feb 21, 2019 | International News, Reinsurance
Zurich: Swiss Re, the second largest global reinsurer, reported a net income of USD 421 million in 2018,compared to USD 331 million in 2017.despite high natural catastrophes and man-made losses. The group's gross premiums written during 2018 increased by...
by AIP Online Bureau | Feb 21, 2019 | Data, Eco/Invest/Demography
New Delhi: Employment in the formal sector almost trebled to touch a 16-month high of 7.16 lakh in December 2018 compared to 2.37 lakh in the year-ago month, according to the latest EPFO payroll data. Around 72.32 lakh new subscribers were added to...
by AIP Online Bureau | Feb 21, 2019 | Eco/Invest/Demography, Indian News, Risk Management
New Delhi: Companies operating in India see regulatory compliance as the biggest cost overrun in the next two years, a sign that Prime Minster Narendra Modi’s efforts to curb corruption may be clashing with his plans to improve ease of doing business in...
by AIP Online Bureau | Feb 20, 2019 | Indian News, Life, Pension & Social Security, Risk Management
New Delhi: A pan India survey, conducted by Max Life and Kantar IMRB, revealed that Indians feel grossly underprepared to face the financial instability caused by eventualities of life. As per the survey, urban India stands at the Protection...
by AIP Online Bureau | Feb 20, 2019 | Policy, Reinsurance
LONDON: Policies bought by European Union customers from British insurers would still be valid if the UK crashes out of the bloc next month with no deal, the EU’s insurance watchdog said on Tuesday. The European Insurance and Occupational...
by AIP Online Bureau | Feb 20, 2019 | International News, Reinsurance
Paris: French reinsurer SCOR on Wednesday announced the appointment of Jean-Paul Conoscente, currently CEO of Reinsurance at SCOR Global P&C, as Chief Executive Officer of SCOR Global P&C. Jean-Paul Conoscente will also join the...
by AIP Online Bureau | Feb 20, 2019 | Indian News, Risk Management
New Delhi: The Supreme Court on Wednesday held Reliance Communication Chairman Anil Ambani and two more directors guilty of contempt of court in a petition filed by Ericsson India against him over non-payment of dues worth over Rs 550 crore. In its...
by AIP Online Bureau | Feb 20, 2019 | Eco/Invest/Demography, Health, Indian News, Non-Life
Hyderabad: In a bid to to enable customers to choose an appropriate health insurance coverage of their choice, the insurance regulator IRDAI has asked all general and health insurers to offer the standard individual health insurance product (other than...
by AIP Online Bureau | Feb 20, 2019 | International News, Non-Life, Risk Management, Technology
Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000...
by AIP Online Bureau | Feb 20, 2019 | International News, Risk Management
China largely abandoned a hacking truce negotiated by Barack Obama as President Donald Trump embarked on a trade war with Beijing last year, according to the cybersecurity firm Crowdstrike Inc. A slowdown in Chinese hacking following the cybersecurity...
