by AIP Online Bureau | Nov 16, 2018 | International News, Reinsurance
LONDON: Willis Towers Watson today announces the launch of Claim Metrics, a bespoke claims benchmarking solution for UK personal lines insurers. The service provides claims leaders with a unique tool for identifying performance improvements, as well as offering...
by AIP Online Bureau | Nov 16, 2018 | Climate, Environment, Renewable Energy, International News, Reinsurance
A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing 4,000 projects in the Northeast. Investment in...
by AIP Online Bureau | Nov 16, 2018 | Indian News, Reinsurance
New Delhi: The Finance Ministry on Thursday said it is planning to come out with a share sale offer of two recently listed insurance companies — GIC and New India Assurance. State-owned reinsurer General Insurance Corporation of India (GIC) was...
by AIP Online Bureau | Nov 15, 2018 | Indian News
Chennai: Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total consideration of €186 million...
by AIP Online Bureau | Nov 15, 2018 | Interviews
What is your business focus ? We are mainly a retail player and intend to maintain our corporate business at around 15% to 20% of the book. In future, we will continue to be focused on retail products across the motor and health family. We currently look at the...
by AIP Online Bureau | Nov 15, 2018 | International News, Regulation
LONDON : A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare for such a sweeping change. A...
by AIP Online Bureau | Nov 15, 2018 | International News, Risk Management
LONDON: The United Kingdom and the European Union have agreed a deal that will give London’s vast financial center only a basic level of access to the bloc’s markets after Brexit. The agreement will be based on the EU’s existing system of...
by AIP Online Bureau | Nov 15, 2018 | Indian News, Risk Management
Mumbai: SBI Life Insurance has bagged the Enterprise Risk Management(ERM) Award of Distinction in 2018 from the RIMS, the US based risk management society, for its outstanding efforts to deliver enterprise-wide risk management solutions that address...
by AIP Online Bureau | Nov 15, 2018 | Indian News, Risk Management
Singapore: JBA Risk Management (JBA), a global leader in flood risk management, has launched a new India Crop catastrophe model for the (re)insurance market. More commonly known for market leading flood maps and models,JBA has...
by AIP Online Bureau | Nov 15, 2018 | Indian News
New Delhi: The Value of New Business (VNB) of Max Life Insurance Company increased by 42 percent to Rs 290 crore due to a significant growth in new business as well as higher share of protection products in the first half of the financial year 2018-19....
