by AIP Online Bureau | Sep 26, 2024 | Intermediaries, International News, Non-Life, Reinsurance
“Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies. PSC’s culture and values are closely...
by AIP Online Bureau | Sep 25, 2024 | Workplace/Employee Benefits
The Ministry of Health and Family Welfare (MoHFW), Government of India, in collaboration with the Asian Development Bank (ADB), inaugurated the Climate and Health Solutions (CHS) India Conclave at Delhi. The two-day conclave aims to address the twin emergencies of...
by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
Delta Air Lines has vowed to take legal action, saying the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days, and cost it $500 million. CrowdStrike rejected Delta’s contention, that it should be blamed for massive flight...
by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...
by AIP Online Bureau | Sep 25, 2024 | International News, Non-Life, Reinsurance
“We believe the pricing cycle has most likely passed its peak and we expect a softer market in 2025 due to the sector’s abundance of capital. We recently revised our global reinsurance sector outlook to ‘neutral’ from ‘improving’ to reflect this,” said...
by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, Health, Indian News
The average claim size in India for 2023-24 stands at ₹70,558, up from ₹62,548 in the previous financial year, a significant increase of 11.35%, reflecting the broader surge in healthcare expenses Bengaluru: With rising hospitalisation costs, the average claim size in...
by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, Indian News, Life
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased to announce that our partnership with New York Life Insurance has grown from strength to strength. This capital infusion significantly enhances Max Estates’ financial capability to deliver...
by AIP Online Bureau | Sep 24, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
The systematic investment plans (SIPs) reached fresh highs as monthly contributions via SIPs hit Rs 23,547 crore in August, against Rs 23,332 crore in the previous month Mumbai: The mutual fund industry in the country saw assets under management (AUM) surging to Rs...
