by AIP Online Bureau | Jan 9, 2019 | Indian News, Non-Life, Reinsurance
Mumbai: The Indian Market Terrorism Risk Insurance Pool’s premium income has increased by 10 per cent in 2017-18 to Rs 516.18 crore as against Rs 503.67 crore in 2016-17. T he claims paid by the Pool during 2017-18...
by AIP Online Bureau | Jan 9, 2019 | Indian News, Reinsurance
Mumbai: Nine newly set up foreign reinsurance branches(FRBs) in their first full year of operations have mobilsed Rs 6216 crore of premium in 2017-18. Out of which, Swiss Re, the second largest global reinsurer has the largest share...
by AIP Online Bureau | Jan 9, 2019 | Eco/Invest/Demography, Indian News, Non-Life
Beed(Mahashtra): Quoting a book, Shiv Sena chief Uddhav Thackeray on Wednesday said the Centre's crop insurance scheme was "as big a scam" as the Rafale fighter jet deal. Taking a dig at Prime Minister Narendra Modi's frequent foreign tours,...
by AIP Online Bureau | Jan 8, 2019 | Indian News, Regulation, Risk Management, Technology
Mumbai: Reserve Bank of India released guidelines on tokenisation for various card transactions, including from debit and credit cards. Tokenisation, which aims at improving safety and security of the payment system, refers to replacement of actual...
by AIP Online Bureau | Jan 8, 2019 | Facts, Risk Management, Technology, Trends, Facts
Artificial intelligence (AI) systems have a long way to go before they can take over tasks and jobs traditionally performed by people, say scientists who highlighted the severe limitations of deep learning computer networks. Researchers at university of...
by AIP Online Bureau | Jan 8, 2019 | International News, Non-Life, Reinsurance, Risk Management
Zurich: Swiss Re Corporate Solutions expands its Innovative Risk Solutions offering by launching FLOW, the parametric water-level insurance. The new index-based product is designed to protect companies in Europe from the financial impact of high or low river...
by AIP Online Bureau | Jan 8, 2019 | Facts, Risk Management, Trends, Facts
Earth's surface experienced the largest crustal erosion event in its history about 700 million years ago, paving the way for animal life to develop, according to a study. Scientists, including those from the University of Southampton in the UK, found...
by AIP Online Bureau | Jan 8, 2019 | Indian News, Regulation, Risk Management, Technology
Mumbai: The Reserve Bank of India (RBI) on Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. The five-member panel has been...
by AIP Online Bureau | Jan 8, 2019 | Indian News, Risk Management
New Delhi: Indian carriers IndiGo and GoAir, aircraft manufacturer Airbus and engine maker Pratt & Whitney will meet Indian civil aviation ministry officials on Tuesday to discuss ongoing issues with engines fitted to A320neo planes, three people familiar...
by AIP Online Bureau | Jan 8, 2019 | Disaster & Management, International News, Non-Life, Reinsurance
Munich: Natural disasters including wildfires, hurricanes and tsunamis inflicted $160 billion of damage and claimed 10,400 lives in 2018, German reinsurer Munich Re said Tuesday. Global natural disasters wreak $160 bn damage in 2018; worst losses in US...
