by AIP Online Bureau | Oct 19, 2018 | International News, Reinsurance
London: RMS, a global risk modeling and analytics firm, has estimated that the insured loss from Hurricane Michael will be between $6.8 and $10 billion. This estimate represents insured losses associated with wind and storm surge damage across Florida, Georgia,...
by AIP Online Bureau | Oct 18, 2018 | International News, Reinsurance
Munich: Munich Re has nominated former CEO Nikolaus von Bomhard, 62,as new chairman of the supervisory board to succeed Bernd Pischetsrieder. Bomhard was a member of the Board of Management of Munich Re from January 2000 to April 2017, and took over as...
by AIP Online Bureau | Oct 18, 2018 | International News
New Delhi: Flexible working could contribute $376 billion annually to the Indian economy by 2030 as shared office space helps corporates to save cost and boost employee productivity, says a study. The study, commissioned by global workspace provider...
by AIP Online Bureau | Oct 18, 2018 | Indian News, Reinsurance, Risk Management
Mumbai: Despite the growth in data breaches, security managers at Indian firms are incredibly confident in their cybersecurity preparedness, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. ...
by AIP Online Bureau | Oct 17, 2018 | International News, Regulation, Reinsurance
LONDON: Insurers from across the world have called for amendments and a two-year delay to a change in accounting rules aimed at increasing visibility of how they earn their money. Nine national and regional insurance industry bodies from...
by AIP Online Bureau | Oct 17, 2018 | International News, Technology
LONDON: Softbank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. In...
by AIP Online Bureau | Oct 17, 2018 | Indian News, Technology
Mumbai: The Reserve Bank of India (RBI) on Tuesday released guidelines to facilitate payments among different mobile wallets, a move aimed at promoting digital transactions. As per the road-map laid down in 2017, interoperability of all KYC-compliant...
by AIP Online Bureau | Oct 16, 2018 | Indian News, Intermediaries
Mumbai: Symbo India Insurance Broking , a digital insurance brokerage firm, in partnership with Reliance General Insurance and event ticketing company Goeventz has launched Marathon Insurance – a unique cover for marathon runners. The comprehensive...
by AIP Online Bureau | Oct 16, 2018 | International News, Reinsurance, Risk Management
Washington: President Donald Trump, seeking to counter China’s growing geopolitical influence, is embracing a major expansion of foreign aid that will bankroll infrastructure projects in Africa, Asia and the Americas — throwing his support behind an...
by AIP Online Bureau | Oct 16, 2018 | International News
United Nations: India attracted $22 billion of FDI flows in the first half of 2018, according to a UN report which states that the global foreign direct investment dropped by 41 per cent in the same period due to tax reforms carried out by the Trump...
