by AIP Online Bureau | Mar 2, 2026 | Indian News, Non-Life, Reinsurance
The Centre reiterated its readiness to facilitate trade operations, including procedural flexibility in export-related authorisations in cases of genuine disruption; coordination with Customs authorities to ensure smooth clearance; engagement with financial and...
by AIP Online Bureau | Mar 2, 2026 | International News, Non-Life, Reinsurance, Technology
“Together with Beazley, we will create the world’s leading Specialty underwriter, with around $15 billion of pro forma gross written premiums, exceptional underwriting expertise and data capabilities, and leading access to global distribution,” said...
by AIP Online Bureau | Mar 2, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
More than half of the world’s largest maritime insurance clubs have also now scrapped war-risk insurance for vessels entering the Gulf Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed...
by AIP Online Bureau | Mar 2, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Additional premiums for vessels transiting high-risk waters are rising sharply and may continue to fluctuate in the short term.Cargo war risk remains available; however, rates are increasing and quotations are being reviewed on a voyage-by-voyage basis, particularly...
by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
“The disruption in the Strait of Hormuz threatens a major share of India’s crude oil and LNG imports, raising freight costs, insurance premiums, and fuel prices, while a surge in global oil prices could widen the current account deficit and fuel...
by AIP Online Bureau | Mar 1, 2026 | Workplace/Employee Benefits
Risks to commercial shipping have surged in the past 24 hours, with more than 200 vessels including oil and liquefied gas tankers dropping anchor around the Strait of Hormuz and surrounding waters, shipping data showed on Sunday. Mariners should expect increased naval...
by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, Indian News
In March, the first month of the summer season, minimum temperatures are likely to remain above average across most areas, said Mrutyunjay Mohapatra, director-general of the India Meteorological Department (IMD). MUMBAI: India is set to experience a hotter-than-normal...
by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
Iran’s state media said on February 28 that the Islamic Republic has shut the Strait of Hormuz – one of the world’s most critical energy chokepoints through which about a fifth of global oil and gas supplies transit – in response to US and...
by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
Prime Minister Narendra Modi PM Modi highlighted the potential of Puducherry to emerge as a major medical tourism hub, pointing out that the region already has nine medical colleges Puducherry:Prime Minister Narendra Modi on Sunday said healthcare should be...
by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The Ministry stated that, since the beginning of the attack, 137 Iranian ballistic missiles launched towards the UAE had been detected, of which 132 were destroyed, while five fell into the sea. A total of 209 Iranian drones were also detected; 195 were...
