by AIP Online Bureau | Apr 27, 2018 | International News
PARIS: European leading insurer Allianz said on Thursday that China is expected to become the world's largest insurance market by 2028, the group's office in Paris said in a statement. With 1.1 trillion euros (1.33 trillion U.S. dollars), representing over 30...
by AIP Online Bureau | Apr 27, 2018 | Indian News
Mumbai: The new long list of 16 promotions to the posts of general managers in the public sector general insurance industry, meant to fill up the vacncies in 2018-19,announced on Thursday, hinst at the delay in the proposed merger- beyond...
by AIP Online Bureau | Apr 26, 2018 | Indian News
Mumbai: Life Insurance Corporation has registered a 13.46 percent rise in first-year premium (FYP) income, collecting an all-time high income of Rs 1,34,551.68 crore in FY18, and ending the year with a market share of 69.40 percent, the company said today. "The...
by AIP Online Bureau | Apr 26, 2018 | Indian News
Mumbai: Reliance General Insurance (RGI) has recorded a net profit of Rs165 crore, a YoY rise of 27 per cent in 2017-18.The company’s profit was Rs. 46 crore, a YoY increase of 8 per cent,for the quarter ended March 31, 2018, . The company’s...
by AIP Online Bureau | Apr 26, 2018 | International News, Reinsurance
Chicago: The catastrophe bond issuance during Q1 stood at USD3.58 billion across 10 transactions – a new record for first quarter issuance that easily surpassed the 2016 and 2017 issuance volumes of approximately USD2.2 billion. Aon Securities...
by AIP Online Bureau | Apr 26, 2018 | Indian News
Mumbai: SBI Life Insurance on Thursday reported 13.44 per cent year-on-year rise in profit at Rs 381.21 crore for the quarter ended March 31. The insurer had posted a profit of Rs 336.05 crore in the corresponding quarter last year. The life...
by AIP Online Bureau | Apr 26, 2018 | Articles
It might be the most dynamic region in the world but the Asia Pacific isn’t meeting its economic potential, and some of that has to do with gender equality, according to the McKinsey Global Institute. Targeted policies to achieve more women’s...
by AIP Online Bureau | Apr 26, 2018 | International News, Reinsurance
Paris: The French reinsurance major SCOR has delivered a strong start to 2018 by combining profitable franchise expansion, robust earnings and a strong solvency position in the first quarter 2018. The group's net income reached EUR 166...
by AIP Online Bureau | Apr 25, 2018 | Indian News, Risk Management
New Delhi: The Indian economy is estimated to have suffered a loss of USD 3 billion due to Internet shutdown in the country from 2012-17, according to a study by ICRIER. The study observed impact of Internet shutdown across various devices and ecosystem linked to...
by AIP Online Bureau | Apr 25, 2018 | Indian News
Mumbai: The private sector general insurer ICICI Lombard General Insurance posted an 18 percent rise in its net profit at Rs 211.87 crore for the March quarter on a year-on-year basis because of an increase in the premium income and reduction in losses. ...
