by AIP Online Bureau | Nov 20, 2018 | International News
London: Global economic growth will remain strong over the next two years, although momentum has peaked. Swiss Re Institute's latest sigma "Global economic and insurance outlook 2020" says the still-positive economic momentum will support the...
by AIP Online Bureau | Nov 20, 2018 | International News, Reinsurance
California wildfires in Newark, C.A:- RMS, a global risk modeling and analytics firm, has estimated that the insured loss for the Camp and Woolsey wildfires in California will be between USD $9 and $13 billion ($7.5-$10 billion for Camp; $1.5-$3 billion for Woolsey)....
by AIP Online Bureau | Nov 20, 2018 | Health, International News, Policy
HONG KONG/BEIJING: China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter...
by AIP Online Bureau | Nov 19, 2018 | Indian News
Mumbai: The General Insurance Council, the self regulatory body of the general insurance industry with 33 players, has now been fully reconstituted after a gap of three years. A V Girija Kumar, CMD, Oriental Insurance Company, has replaced G...
by AIP Online Bureau | Nov 18, 2018 | Indian News
New Delhi: Foreign investors have pumped in nearly Rs 8,285 crore into the Indian capital markets so far this month, after pulling out hefty funds in October, due to fall in crude oil prices, recovery in rupee and improvement in the liquidity situation. ...
by AIP Online Bureau | Nov 17, 2018 | Articles, Technology
Asia is embracing the digital revolution. Companies such as Alibaba, Tencent, and Baidu are providing a wide range of services from e-commerce to fintech and cloud computing for customers in China and elsewhere. In Indonesia, GO-JEK offers services including...
by AIP Online Bureau | Nov 17, 2018 | International News, Reinsurance, Risk Management
Boeing Co. has been sued in what may be the first U.S. claim tied to the crash of Lion Air Flight 610, which dove into the Java Sea after taking off from Jakarta Oct. 29. Irianto, the father of Dr. Rio Nanda Pratama, an Indonesian man who was among 189 killed...
by AIP Online Bureau | Nov 17, 2018 | Indian News
Hyderabad: The insurance regulator IRDAI on Friday has constituted a panel on Friday In a bid to overhaul the current product structure in the Motor Own Damage segment. The panel will revisit the wordings of the various existing products and also develop...
by AIP Online Bureau | Nov 17, 2018 | Indian News, Reinsurance
Chennai: The toll in cyclone Gaja has touched 45, Tamil Nadu Chief Minister K Palaniswami said on Sunday and appealed to leaders of all political parties to take part in the relief activities. "Palaniswami said 1.7 lakh trees have been...
by AIP Online Bureau | Nov 17, 2018 | Indian News, Risk Management, Trends, Facts
New Delhi: India will not be able to reduce global warming by 2 degrees Celsius by 2030 as envisaged in the landmark Paris Agreement due to gaps between the projections and the current policies of the government aimed at achieving it, according to a new report. ...
