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Post merger AXA and XL Group’s combined operations branded as ‘AXA XL’

by AIP Online Bureau | Jul 12, 2018 | International News

  Following the completion of the acquisition of XL Group by AXA SA – expected in the second half of 2018 – the two insurers have chosen the name of the division that will be dedicated to large property/casualty commercial lines and specialty risks....

Lloyd’s launches Digital Distribution Platform`Lloyd’s Bridge’

by AIP Online Bureau | Jul 12, 2018 | Intermediaries, International News

  London: Lloyd’s, the specialist insurance and reinsurance market, has launched a digital distribution platform – Lloyd’s Bridge – designed to quickly, easily and efficiently connect insurance businesses and entrepreneurs with...

Private sector general insurers’market share at 55 %, needs Rs 12 -30 billion of capital to maintain growth:ICRA

by AIP Online Bureau | Jul 12, 2018 | Indian News

  Mumbai: The Indian general insurance sector in the country grew at a slower rate of 17  per cent in FY2018 after a robust growth of 32 per cent in FY2017.  As per ICRA research, the private sector growth continued at a faster pace (22 per cent Y-o-Y...

Rate war hots up for NHPS accounts, Apollo Munich Health Insurance bids Nagaland at Rs 444 per family

by AIP Online Bureau | Jul 12, 2018 | Health, Indian News

  Mumbai: A rate war has erupted among the general insurers including the stand alone health insurers to bag the accounts of the different states for implementing the centre’s National Health Insurance Protection Scheme(NHPS) that promises to...

Indian life insurance industry’s total assets hit Rs 34 lakh cr, AUM touches Rs 32 lakh cr in 2017-18, says Manickam

by AIP Online Bureau | Jul 11, 2018 | Indian News

  Mumbai The total assets of the Indian life insurance industry have hit Rs 34 lakh crore while the asset under management (AUM) has touched around Rs 32 lakh crore in 2017-18.   In an exclusive interview with the Asia Insurance Post, V. Manickam,...

Emerging sex disease MG ‘could become next superbug’

by AIP Online Bureau | Jul 11, 2018 | Articles, Health

  A little known sexually transmitted infection could become the next superbug unless people become more vigilant, experts are warning, according to a  BBC rport.   Mycoplasma genitalium (MG) often has no symptoms but can cause pelvic inflammatory...

“Market conditions are very tough in the Indian general reinsurance business”

by AIP Online Bureau | Jul 11, 2018 | Interviews, Reinsurance

Winfried Heinen, Chairman of the Executive Board of Directors of General  Reinsurance AG Finally you have a direct branch operation in India. How do you see the journey so far?  Establishing a reinsurance branch is an important milestone for us. We firmly believe...

Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches

by AIP Online Bureau | Jul 10, 2018 | International News, Risk Management

  Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica.   The world’s largest social network said in April...

India:Domestic Passenger vehicle sales rise 38% in June; car sales up 34%

by AIP Online Bureau | Jul 10, 2018 | Data

  Domestic passenger vehicle sales rose 37.54 percent to 2,73,759 units in June this year from 1,99,036 units in the corresponding month last year. Domestic car sales were up 34.21 percent to 1,83,885 units as against 1,37,012 units in June 2017, according to...

India Heading Towards Comprehensive Healthcare Crisis, Says Amartya Sen

by AIP Online Bureau | Jul 10, 2018 | Health, Indian News

NEW DELHI: India spends just a little over one per cent of its GDP on healthcare and this is leading the country into "a comprehensive healthcare crisis", according to Nobel laureate and noted economist Amartya Sen, who has called for greater allocation on...
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