by AIP Online Bureau | Feb 24, 2018 | Interviews
What are the cat risks Indian market experience? The major natural catastrophe perils affecting India include tropical cyclones, floods, earthquake, tsunami and droughts. Landslides and hail are also common in parts of India with the latter generally affected standing...
by AIP Online Bureau | Feb 24, 2018 | Indian News, Regulation
Mumbai: The RBI today launched 'Ombudsman Scheme' for non-banking financial companies (NBFC), that sell range of financial products including insurance, for redressal of complaints against them. "The scheme will provide a cost-free and...
by AIP Online Bureau | Feb 23, 2018 | International News, Reinsurance
Zurich: Hit by an estimated combined claims of USD 4.7 billion from natural catastrophes, Swiss Re’s net income declined to USD 331 million in 2017 as compared to $3.56 billion in 2016, . Gross premiums written by the reinsurer during the reporting...
by AIP Online Bureau | Feb 23, 2018 | International News
BEIJING/SHANGHAI: The Chinese government on Friday seized control of Anbang Insurance Group, one of China’s biggest insurance conglomerates, in a dramatic move that underscores Beijing’s intent to crackdown on financial risk. ...
by AIP Online Bureau | Feb 22, 2018 | Health, Indian News
New Delhi: The Ministry of Health has met the general insurers and state owned GIC Re on Thursday in New Delhi to prepare the road- map for rolling out the National Health Protection Scheme(NHPS), billed as world’ s largest health insurance scheme....
by AIP Online Bureau | Feb 22, 2018 | Indian News
Mumbai: A report by the conulting firm Ernst & Young (E&Y), based on survey of insurance professionas, has said the rising transactions with third parties, data privacy concerns and gaps in operational processes have augmented financial crime risks...
by AIP Online Bureau | Feb 22, 2018 | Data, Risk Management
India has been ranked 81st in the globalcorruption perception index for 2017, released by Transparency International, which named the country among the "worst offenders" in terms of graft and press freedom in the Asia Pacific region. The index,...
by AIP Online Bureau | Feb 22, 2018 | International News, Reinsurance
Paris: The net profit of French reinsurer SCOR at EUR 286 million in 2017 fell almost by 50 per cent from € 603 million in 2016 due to the cost of the nat cat events which occurred in the third and fourth quarters. The reinsurer's gross written...
by AIP Online Bureau | Feb 22, 2018 | Articles
The annual cost of cybercrime has hit $600 billion worldwide, fueled by growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, researchers said Wednesday. A report by the security firm McAfee with the Center for...
by AIP Online Bureau | Feb 21, 2018 | Indian News
NEW DELHI: Cyber attacks in the country caused financial damages to the tune of about USD 500,000 to India companies in the last 12-18 months, says a study. "…more than half of all attacks resulted in financial damages of more than USD 500,000,...
