by AIP Online Bureau | Feb 7, 2019 | International News, Reinsurance
Paris: French reinsurer SCOR grew P&C reinsurance premiums by 9.7 per cent at constant exchange rates at the January 2019 renewals, from EUR 2.9 billion to EUR 3.2 billion. Overall risk-adjusted pricing improved 1.3% compared to January 2018....
by AIP Online Bureau | Feb 7, 2019 | Eco/Invest/Demography, Indian News, Life
Mumbai: The first monetary policy meeting under the new governor Shaktikanta Das, the Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy meeting on Thursday cut the repo rate to 6.25 per cent from 6.50 per cent, earlier. Repo rate is the...
by AIP Online Bureau | Feb 7, 2019 | Eco/Invest/Demography, Indian News, Risk Management
Kochi: The Kerala High Court has said banks cannot be absolved of liability for unauthorised withdrawals from their customers' accounts. Justice P B Suresh Kumar also made it clear that banks are liable for unauthorised withdrawals even...
by AIP Online Bureau | Feb 7, 2019 | International News, Life, Non-Life, Reinsurance
Munich: Global reinsurance giant Munich Re said that compared with the previous year, prices of the renewals in January were stable but that the market was expected to improve during the next round in April, which focuses on Japan. Approximately half of...
by AIP Online Bureau | Feb 6, 2019 | Indian News, Non-Life
Mumbai: The New India Assurance(NIA), the market leader in non-life business in India, has seen its a net profit falling by to 54 per cent to Rs 850.31 crores in the first nine months of the FY 2018-19, as against a net profit of Rs 1864 crore...
by AIP Online Bureau | Feb 6, 2019 | Indian News, Regulation, Risk Management, Technology
Hyderabad: In a bid to promote innovation in the Indian insurance industry, a panel constituted by the IRDAI has recommended that the insurance regulator should create a core Sandbox Committee having dedicated personnel to monitor and supervise the digital...
by AIP Online Bureau | Feb 6, 2019 | Health, International News, Non-Life, Risk Management
Johnson & Johnson, the world’s largest maker of health-care products, has agreed to settle the bulk of consumers’ lawsuits alleging it sold defective artificial hips and misled patients about their dangers, according to a lawyer for the...
by AIP Online Bureau | Feb 5, 2019 | Disaster & Management, Indian News
Srinagar: A moderate intensity earthquake of magnitude 5.6 rocked Kashmir on Tuesday causing panic among the residents who ran out of their homes. The earthquake struck at 10.17 pm and lasted several seconds as people ran out of their homes, fearing for...
by AIP Online Bureau | Feb 5, 2019 | International News, Non-Life, Reinsurance
Hannover: Hannover Re, the fourth-largest reinsurer in the world, has seen its group net income improving in the 2018 financial year to roughly EUR 1.05 billion, up from EUR 958.6 million the year before based on preliminary key...
by AIP Online Bureau | Feb 5, 2019 | Eco/Invest/Demography, International News, Life, Non-Life
HONG KONG/TOKYO: Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down any time soon. ...
