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US cyber insurance premium shrinking to continue: Fitch

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The cyber insurance line was profitable for 2024, but direct written premiums fell for the second straight year due to declining rates and fewer policies in force U.S. cyber insurance renewal premium rates have fallen YoY for the last three quarters and are...
In landmark ruling, UK’s top court says legal definition of woman refers to biological sex

In landmark ruling, UK’s top court says legal definition of woman refers to biological sex

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Policy

The much anticipated ruling centred on whether a trans woman with a gender recognition certificate (GRC), a formal document giving legal recognition of someone’s new gender, is protected from discrimination as a woman under Britain’s Equality Act LONDON:...

CCI clears Patanjali 5 other entities’ proposal to acquire 98% stake in Magma Gen Insurance

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life

Following the CCI approval, Patanjali Ayurved will assume the role of Magma General Insurance’s promoter entity. This will further diversify Patanjali’s portfolio, which currently focuses on healthcare and FMCG. New Delhi: The Competition Commission of...
Near misses, fatal crashes force airlines to confront US worried fliers

Near misses, fatal crashes force airlines to confront US worried fliers

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

“You shouldn’t be scared to get on an airplane, but you should be concerned about the future of our air traffic control system,” said Samuel Engel, a senior vice president of ICF Inc. “We are behind on critical investments and we have an unsustainable funding strategy...
Challenges from tariff uncertainty likely credit negative for insurers: AM Best

Challenges from tariff uncertainty likely credit negative for insurers: AM Best

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management

“Insurance companies have financial exposure to public equities — more so for P/C companies—whose decline will lead to unrealized losses and ultimately, declines in capital.There are 166 P/C insurers that have more than 25% of their assets allocated to...
Retaliation risk looms for some U.S. corporates as trade war continues: Fitch

Retaliation risk looms for some U.S. corporates as trade war continues: Fitch

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

The scope of potential retaliation is evolving as the trade war focus shifts to China. This raises the risk for other sectors like technology, agriculture, gaming and autos as some casinos and original equipment manufacturers have licenses or joint ventures in China,...
Sebi to review ESG disclosures for listed firms: Chairman

Sebi to review ESG disclosures for listed firms: Chairman

by AIP Online Bureau | Apr 16, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Regulation, Risk Management

Tuhin Kanta Pandey, chairman, Sebi The review, which follows concerns raised by Indian industry on reporting requirements on environment, labour and other issues that it believes are onerous, could focus on easing disclosures for smaller firms, a source familiar with...
Financial Preparedness: Health Insurance gains ground

Financial Preparedness: Health Insurance gains ground

by AIP Online Bureau | Apr 16, 2025 | Articles, Eco/Invest/Demography, Health, Non-Life

Indians continue to favor traditional financial investments such as gold, fixed deposits, insurance-linked savings schemes, and real estate. However, health insurance has now joined this list, finds out a survey by Policybazaar Policybazaar.com, India’s leading online...

Over 1.3 crore get insurance cover through GeM in 2024-25

by AIP Online Bureau | Apr 16, 2025 | Data, Eco/Invest/Demography, Intermediaries, Life, Non-Life

“GeM remains committed to continuously enhancing its platform to provide seamless, secure and cost-effective procurement solutions. The milestone of 1.3 crore insured persons reflects the growing confidence of government organizations in leveraging GeM for their...
Landmark agreement reached at WHO over tackling future pandemics

Landmark agreement reached at WHO over tackling future pandemics

by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, Health, International News, Pandemic

“In reaching consensus on the Pandemic Agreement, not only did they put in place a generational accord to make the world safer, they have also demonstrated that multilateralism is alive and well, and that in our divided world, nations can still work together to...
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