by AIP Online Bureau | Jan 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Fitch also forecasts an improvement in underlying profitability for the global reinsurance sector in 2024 on continued strong underwriting margins and rising investment income, and is maintaining its improving fundamental sector outlook Frankfurt /Chicago: Reinsurers’...
by AIP Online Bureau | Jan 25, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Risk Management
The mission of achieving maximum insurance inclusion received further impetus through deliberations on the progress of the industry under the State Insurance Plan, said the IRDAI on Thursday The broader discussions ventured into crucial areas, such as availability of...
by AIP Online Bureau | Jan 25, 2024 | Intermediaries, International News, Technology
“Over the last year we have been evaluating various businesses and programmes, and as a part of that we’ve made the difficult decision to discontinue the Amazon Insurance Store,” Amazon said in a media statement, adding that customers who bought policies...
by AIP Online Bureau | Jan 25, 2024 | Indian News, Non-Life, Regulation
Accordingly, the IRDAI, in a recent circular, has asked the general insurers to state in the policy documents for commercial lines of business that “The parties to the contract may mutually agree and enter into a separate Arbitration Agreement to settle any and all...
by AIP Online Bureau | Jan 24, 2024 | Health, Indian News, Non-Life
(L to R) Segar Sampathkumar, Director, Health, General Insurance Council, Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance and Neerja Kapur, CMD, New India Assurance at an event in Mumbai in Wednesday for launching “Cashless Everywhere” initiative Under...
by AIP Online Bureau | Jan 24, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
The regulator carried out a detailed probe after receiving a voluntary safety report from an airline employee alleging safety violations of flights operated by Air India on certain long range terrain critical routes, according to a release on Wednesday New Delhi:...
by AIP Online Bureau | Jan 24, 2024 | International News, Non-Life, Reinsurance, Risk Management
According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
by AIP Online Bureau | Jan 24, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Courtsey-FOX News The conflict’s impact on the safety of commercial shipping in the Indian Ocean “has a direct bearing on India’s own energy and economic interests”, Deputy Permanent Representative R. Ravindra said on Tuesday at a high-level meeting of the...
by AIP Online Bureau | Jan 24, 2024 | International News, Risk Management, Technology
During the stand down, employees will attend quality workshops and “pause, evaluate what we’re doing, how we’re doing it and make recommendations for improvement,” said Boeing Commercial Airplanes President Stan Deal WASHINGTON: Boeing will hold a quality stand down...
by AIP Online Bureau | Jan 23, 2024 | Eco/Invest/Demography, Features, Policy, Wealth Management/ Philanthropy
The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to data compiled by Bloomberg. That makes India the fourth-biggest equity market globally. Its value crossed $4 trillion...
