by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Thomas Blunck,Member of the Board of Management, Munich Re said,”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, Indian News, Policy
Sanjay Malhotra,Revenue Secretary, Ministry of Finance Currently, the country has two personal income tax regimes. In the old income tax regime, the tax rates are higher but taxpayers can claim exemptions and deductions which is a relatively more complicated process....
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance
The bill includes provisions to regulate the design and manufacturing of aircraft, supporting the Atmanirbhar Bharat initiative for self-reliance New Delhi: A bill was introduced in the Lok Sabha on Wednesday to overhaul India’s civil aviation regulations by...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life
“The 18 per cent GST on medical insurance premiums is proving to be a deterrent for the growth of this segment of business which is socially necessary.”Union Minister of Road Transport and Highways Nitin Gadkari New Delhi: Union Minister of Road Transport...
by AIP Online Bureau | Jul 31, 2024 | Health, International News, Life, Reinsurance
Thierry Leger,Chief Executive Officer,SCOR SE The Paris-based reinsurer posted a loss of €308 million ($333 million) in the three months through June, missing analysts’ estimates. The result was driven by a €329 million operational loss in the life and health unit...
by AIP Online Bureau | Jul 31, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Analysis of more than 32,000 industry claims from 2019 – 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like...
by AIP Online Bureau | Jul 31, 2024 | International News, Reinsurance
Anders Malmström from Athora Holdings, a leading European savings and retirement services group will succeed John Dacey as group chief financial officer as of 1 April 2025 Zurich: Swiss Re, the second largest globa reinsurer, announced today that Anders Malmström will...
by AIP Online Bureau | Jul 30, 2024 | Briefs, Health, Non-Life
BajajCapital Insurance announced the launch of its new pet insurance segment, available now on BajajCapitalInsurance.com. With this addition, pet parents can now compare policies for their dogs, Dogs are the most popular pets in India, with 63% of pet owners having at...
by AIP Online Bureau | Jul 30, 2024 | Health, Indian News, Non-Life, Risk Management
The Disability Income Protection insurance plan from FGII is a Group Health Insurance product which covers both temporary and permanent disabilities. These include both physical and mental illnesses that are diagnosed while being insured, physical injuries caused by...
