by AIP Online Bureau | Feb 14, 2018 | Articles, Regulation
Mumbai: Insurance regulator Irda has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the welfare fund by March 1. "All insurers having unclaimed amounts of policyholders for a period of more...
by AIP Online Bureau | Feb 14, 2018 | Indian News
Mumbai: The fast growing Indian reinsurance sector seems to be the flavor of the season for the global insurers and investors. The latest entrants that have thrown their hats in the ring are, Prem Watsa, and Allianz Group, who have applied for the...
by AIP Online Bureau | Feb 13, 2018 | Climate, Environment, Renewable Energy, International News
Washington The global sea level is not rising at a steady rate, it is accelerating a little every year, according to a new assessment based on 25 years of satellite data. Researchers at University of Colorado at Boulder in the US calculate that the rate is...
by AIP Online Bureau | Feb 13, 2018 | Articles, Risk Management
Airbus SE said almost a third of its Pratt & Whitney-powered A320neo aircraft are affected by a new engine glitch that has forced the European planemaker to halt some deliveries of the popular narrowbody jet. Of the 113 Pratt-powered aircraft in operation...
by AIP Online Bureau | Feb 12, 2018 | Indian News, Reinsurance
Mumbai: Riding over higher business volume,investmment income, lower claims and underwriting losses, state owned reinsurer GIC Re has reported a net profit of Rs 672.76 crore for the third quarter ended Dec, 2017 against a loss of Rs 401...
by AIP Online Bureau | Feb 12, 2018 | International News
Moscow: A Russian passenger plane carrying 71 people crashed near Moscow on Sunday minutes after taking off, killing everyone on board in one of the country’s worst ever aviation disasters. Investigators said the Antonov An-148 plane crashed in the Ramensky...
by AIP Online Bureau | Feb 12, 2018 | Indian News
HYDERABAD: Vice President M Venkaiah Naidu today said the insurance industry in India was expected to grow to US Dollars 280 billion by 2020 from $84.72 billion in 2017 as the country was poised for higher economic growth. Speaking at the valedictory session of...
by AIP Online Bureau | Feb 9, 2018 | Data
Washington: India has “increased substantially” its score in the latest international Intellectual Property (IP) index released by the US Chambers of Commerce on Thursday, ranking 44th out of 50 countries. India’s overall score has increased...
by AIP Online Bureau | Feb 8, 2018 | International News
CHICAGO: The Global Catastrophe Recap report by Aon Benfield reveals that several Atlantic storm systems impacted Western and Central Europe during the month, the most significant of which was Windstorm Friederike, which killed at least 13 people after...
by AIP Online Bureau | Feb 8, 2018 | Articles
NEW DELHI: The Centre is in the process of linking driving licences with Aadhaar number to weed out fake licences and a software for this covering all states on a real time basis is under preparation, the Supreme Court was told today. A bench comprising...
