by AIP Online Bureau | May 24, 2024 | Briefs, Eco/Invest/Demography, Life
Max Life Insurance Company (Max Life) has announced its highest-ever participating (PAR) bonus of Rs1,826 Crore for its eligible policyholders in FY23-24. The bonus is 14% higher than the bonus declared in the last fiscal. The declared annual bonus will be added to...
by AIP Online Bureau | May 23, 2024 | International News, Non-Life, Reinsurance, Risk Management
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Travel insurance policies “will likely” cover injuries...
by AIP Online Bureau | May 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management
The tribunal was hearing a matter where it had taken suo motu (on its own) cognisance of a newspaper report claiming a loss of 2.33 million hectares of tree cover across states since 2000 The NGT also sought a report from the director of the Survey of India showing...
by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The increasing demand for data in specialty insurance has prompted underwriters and brokers to begin harnessing synthetic data to supplement existing datasets, improving risk assessment efficiency. This is because synthetic data offers solutions to several key...
by AIP Online Bureau | May 23, 2024 | Disaster & Management, Indian News, Risk Management
Five men and two women were killed in the incident but their bodies were charred beyond recognition, said Yasin Tadvi, chief of the disaster management cell of the Thane Municipal Corporation Thane: As many as seven persons were killed and more than 40 injured...
by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, Indian News, Policy
“The additional dividends from the RBI are around 0.35 per cent of GDP. Whether it would support the narrowing of the fiscal deficit in fiscal 2024-25 would really depend on the final budget that would be passed after the June election results,” said...
by AIP Online Bureau | May 23, 2024 | Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Alex Rosati In his role with WTW, Alex will focus on all aspects of the firm’s claims proposition, including the development and execution of WTW’s claims management strategy across Asia Singapore: WTW, a global advisory, broking and solutions company, today announced...
by AIP Online Bureau | May 23, 2024 | International News, Non-Life, Reinsurance
He has deep insurance expertise; his former roles include group chief executive of RSA Insurance Group, and CEO at AxA Sun Life, as well as serving as senior independent director and deputy Chairman of Lloyd’s for nine years, between 2012 and 2021 London: Canopius, a...
by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management, Technology
Christoph Nabholz, Chief Research & Sustainability Officer at Swiss Re,said: “While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all...
by AIP Online Bureau | May 23, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
The number of shipping incidents reported globally declined slightly last year (2,951 compared to 3,036), with the British Isles seeing the highest number (695). Fires onboard vessels – a perennial concern – also declined Fires remain a key safety issue on larger...
