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SCOR delivers a strong performance, net income at EUR 262 million in H1 2018

by AIP Online Bureau | Jul 26, 2018 | International News, Reinsurance

  Paris: The French reinsurer SCOR has delivered a  disciplined growth in the first half of 2018 through development of the Life franchise in Asia-Pacific and financial solutions, and successful P&C renewals with continued price and volume...

Partnering with World Bank to close Protection Gap

by AIP Online Bureau | Jul 26, 2018 | Articles

  The incessant drumbeat of the headlines notwithstanding, most parts of the world are indeed becoming safer, more resilient and more prosperous. Since 1990, for instance, the percentage of the world’s population living in extreme poverty has declined from...

 Digit Insurance raises a record $44 Million in the second round of funding

by AIP Online Bureau | Jul 26, 2018 | Indian News

  Bengaluru: Digit Insurance, with investment from Indian born Canadian billionaire Prem Watsa’s Fairfax Holdings,has raised $44 million in a second round of funding.   Fairfax Holdings has invested second round of capital ($45 million) in Digit...

Companies missing financial impacts of rising IP litigation risks: Willis report

by AIP Online Bureau | Jul 26, 2018 | International News, Risk Management, Technology

  ARLINGTON: Despite global trends pointing toward an increase in frequency and severity around intellectual property (IP) litigation, multinational companies today are falling short in managing the financial impact of their IP risks, according to Willis Towers...

XL Catlin to build World’s first On-Demand Cyber Insurance Solution with Slice ICS

by AIP Online Bureau | Jul 26, 2018 | Eco/Invest/Demography, International News, Technology

  NEW YORK: Slice Labs Inc, the first company in the U.S. to offer cloud-based on-demand insurance, announced today that XL Catlin is creating the world’s first on-demand cyber insurance solution for U.S. small and medium-sized business (SMBs) and built on...

Asian life insurance regulations are still ‘rules-based’: Milliman

by AIP Online Bureau | Jul 26, 2018 | International News, Regulation

  Seattle: Milliman Inc, a premier global consulting and actuarial firm, announced the release of its latest report, entitled "Regulatory diversity across Asia," which provides an insightful analysis on current regulations applicable to life...

Mathur panel to check `exclusions’ in health insurance policies

by AIP Online Bureau | Jul 25, 2018 | Health, Indian News, Regulation

  Hyderabad:  The insurance regulator IRDAI has formed a panel under the chairmanship of Suresh Mathur, executive director,IRDAI, to suggest measures to bring in standardisation and to enhance transparency and uniformity in the health insurance, particularly...

UK Motor Insurers to mutualize claims for terrorist attacks using vehicles as weapons

by AIP Online Bureau | Jul 25, 2018 | International News

  UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure.   MIB is the UK’s not-for-profit body which deals with the claims from...

Climate Change Is Beginning to Shift Planet’s Seasons: Scientists

by AIP Online Bureau | Jul 25, 2018 | Climate, Environment, Renewable Energy, Facts

  Poring over four decades of satellite data, climate scientists have concluded for the first time that humans are pushing seasonal temperatures out of balance—shifting what one researcher called the very “march of the seasons themselves.”...

SoftBank plans entry into Insurance & Banking

by AIP Online Bureau | Jul 25, 2018 | International News, Technology

  SoftBank Group Corp. plans to announce within days that it will start a mobile digital payments service in Japan by the end of 2018 as billionaire founder Masayoshi Son seeks to expand in the sector, people familiar with the matter said.   The service, a...
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