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Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re

by AIP Online Bureau | Jan 3, 2019 | International News, Non-Life, Reinsurance, Risk Management

  London: JLT Re’s global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing the industry’s hopes of higher reinsurance premiums after a second straight year of big losses.  ...

Global debt reaches an all-time high of $184 trillion, 225 percent of GDP in 2017

by AIP Online Bureau | Jan 3, 2019 | Articles, Eco/Invest/Demography, Risk Management

  Until recently, we had a partial view of global debt. Our new update to the IMF’s Global Debt Database, first made public in May 2018, now fills even more of the gaps. We have compiled data on public and private debt for 190 countries, dating back to...

EPFO subscribers may be allowed to invest more in equity markets in 2019

by AIP Online Bureau | Jan 3, 2019 | Indian News, Pension & Social Security

New Delhi: Subscribers of the retirement fund body EPFO may get an option in the new year to invest more of their savings in the equity market, besides a host of other social security benefits and digital tools to manage their funds.    At present, the...

January Renewals show higher prices for clients with poor loss records: Willis Re

by AIP Online Bureau | Jan 2, 2019 | International News, Non-Life, Reinsurance

  London:  Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest...

Data dhow car accidents up in states that first legalised marijuana

by AIP Online Bureau | Jan 2, 2019 | Data, Risk Management

  Crashes are up by as much as six percent in Colorado, Nevada, Oregon and Washington, compared with neighboring states that have not yet legalized marijuana for recreational use, according to research from the Insurance Institute for Highway Safety (IIHS) and...

India may have welcomed maximum new borns on New Year: UNICEF

by AIP Online Bureau | Jan 2, 2019 | Eco/Invest/Demography, International News

  New DelhI: An estimated 3,95,072 babies, including 69,944 babies in India, will be born around the world on New Year's Day, the UNICEF said. Of those, a quarter will be born in South Asia alone, it added. India would welcome as many as 69,944 babies on New...

Sharp rise in air crash deaths in 2018: Report

by AIP Online Bureau | Jan 2, 2019 | International News, Non-Life, Risk Management

  Amsterdam: Dutch aviation consulting firm To70 and the Aviation Safety Network both reported on Tuesday there were more than 500 deaths stemming from passenger airline crashes in 2018, but emphasized that fatal crashes remain rare.   The year 2018 saw a...

Govt appoints Hemant Bhargava interim chairman of LIC

by AIP Online Bureau | Jan 2, 2019 | Indian News, Life

  New Delhi: Even as the Banks Board Bureau (BBB) will be interviewing seven senior officials of Life Insurance Corporation(LIC) to select a new chairman for the corporation on Jan 4, .the government on Tuesday appointed LIC's senior-most managing...

Ayushman Bharat a ‘game changer’; 6.85 lakh patients treated in 100 days: Finance Minister Arun Jaitley 

by AIP Online Bureau | Jan 2, 2019 | Health, Indian News, Non-Life

  New Delhi: Terming Government's flagship scheme Ayushman Bharat a 'game changer' in healthcare, Finance Minister Arun Jaitley Tuesday said, as many as 6.85 lakh poor patients have been provided free hospital treatment in the first 100 days of the...

Global gender pay gap improves slightly but will take many years to close: WEF

by AIP Online Bureau | Jan 2, 2019 | Eco/Invest/Demography, Facts, Trends, Facts

The good news: The global gender gap has improved, slightly. The reality: Differences in economic opportunity, including pay between men and women, are so vast it’ll take 202 years to fully bridge them, according to the World Economic Forum.   The group...
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