by AIP Online Bureau | Jan 3, 2025 | Disaster & Management, International News, Non-Life
The people who died were believed to have been on the plane, while those injured were inside the building. The deceased victims will be identified after officials have contacted the next of kin, the Fullerton Police Department said in a statement FULLERTON, Calif: Two...
by AIP Online Bureau | Jan 3, 2025 | Indian News
“While landing and takeoffs continue at Delhi Airport, flights that are not CAT III compliant may get affected. Passengers are requested to contact the airline concerned for updated flight information. Any inconvenience caused is deeply regretted,” Delhi...
by AIP Online Bureau | Jan 3, 2025 | Data, Eco/Invest/Demography, Non-Life, Policy
In 2024, EV sales reached 1.95 million units, up from 1.5 million in 2023. EV penetration also went up to 7.5%, compared with 6.39% in the previous year. Driven by rising private consumption and disposable incomes, India saw vehicle retail sales increase by at least...
by AIP Online Bureau | Jan 2, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Workplace/Employee Benefits
Globally, reinsurers are on track to produce a combined ratio near or below 90% and a low-teens ROE for 2024. Not only have reinsurers’ operating and performance ratios improved but so have aggregate balance sheet metrics, providing some context around how...
by AIP Online Bureau | Jan 2, 2025 | Intermediaries, International News, Non-Life, Reinsurance
After an extended period of rate increases across the (re)insurance sector – driven by accumulating and intersecting crises, capital constraints and cyclical adjustments – the availability of deployable capacity in the marketplace signals a new phase in the cycle,...
by AIP Online Bureau | Jan 2, 2025 | International News, Life, Technology
Published a week back, S&P has Allianz SE, ($807 billion, 4.8%), China Life Insurance Co. ($685 billion, 3.9%) and Ping An Insurance (Group) Co.($686 billion,13.3 %) of China Ltd. as the three largest life insurance companies in the world, according to a ranking...
by AIP Online Bureau | Jan 2, 2025 | Data, Health, Non-Life, Policy
The district-level hospitals must facilitate CT scan, MRI, mammography and echocardiography, according to the draft guidelines New Delhi: The ICMR has proposed a revised version of the National Essential Diagnostics List (NEDL), which enumerates the minimum number of...
by AIP Online Bureau | Jan 2, 2025 | Data, Non-Life
The deceased was the proprietor of a labour supplier firm and earning Rs 12.95 lakh annually. The compensation amount included Rs 1.06 crore towards future loss of dependency, Rs 42.68 lakh for income towards future prospects, Rs 15,000 each for the loss of estate and...
by AIP Online Bureau | Jan 2, 2025 | Health, Indian News, Non-Life, Regulation, Reinsurance
“Cyber insurance is expected to gain prominence alongside the adoption of parametric insurance for disaster management and surety bonds as alternatives to traditional bank guarantees in infrastructure projects,” Bajaj Allianz General Insurance MD & CEO...
by AIP Online Bureau | Jan 2, 2025 | Climate, Environment, Renewable Energy, Health, Indian News, Policy
Rajasthan, Karnataka, and Tamil Nadu had over 40 per cent of samples above the limit while there was high contamination in samples from — Maharashtra at 35.74 per cent, Telangana at 27.48 per cent, Andhra Pradesh at 23.5 per cent and Madhya Pradesh at 22.58 per...
