by AIP Online Bureau | Jan 17, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Flooding alone is estimated to cause 8.5 million deaths by 2050, posing “the highest acute risk of climate-induced mortality”, according to the study. Droughts, as the second leading cause of climate-related mortality, are forecast to claim 3.2 million...
by AIP Online Bureau | Jan 17, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Underwriters are adding clauses saying no US, UK or Israeli involvement,” he said. “Just about everybody is putting something like that in, and many include the words ‘ownership’ or ‘interest’” War risk rates have gone into a frenzy in recent days following the US...
by AIP Online Bureau | Jan 17, 2024 | Workplace/Employee Benefits
The cost of war-risk insurance for vessels sailing through the Red Sea is spiraling, adding a further potential impediment to trade passing through a waterway already labeled too dangerous for merchant shipping by the US Navy. Underwriters are now charging between...
by AIP Online Bureau | Jan 16, 2024 | Indian News, Non-Life
The insurer’s combined ratio, an important profitability metric for an insurance firm’s underwriting business, improved to 103.6 per cent from 104.4 per cent a year ago Mumbai: ICICI Lombard General Insurance, the country’s second largest general...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation, Reinsurance, Risk Management
Swiss Re officials(L to R) Mahesh H Puttaiah, Head Group Economics & Sigma Research, Hadi Riachi, Market Head (India),Vineet Kumar, Head Cat Perils (APAC) at a press conference in Mumbai to release reinsurer’s report “India’s Economy &...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
The discovery in early 2023 that a half dozen models might be affected by manipulated test results ballooned into a full-blown scandal last month, when Daihatsu revealed that an internal probe found 174 irregularities across 64 cars dating back as far as 1989 Tokyo:...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management
Insurance industry sources said that war risk premiums had risen to around 1% of the value of a ship, from around 0.7% last week with various discounts applied by underwriters. They added that rates were expected to move higher War risk insurance premiums for...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management, Technology
Health risks rank highly on the list of concerns faced by CEOs in India, with 27 per cent indicating that they anticipate their companies to be extremely and highly exposed to these over the next 12 months, the report noted New Delhi: India’s CEOs have flagged...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology
The high court, which listed the matter for further hearing on January 30, asked the Delhi government standing counsel, Santosh Kumar Tripathi, and lawyer Arun Panwar, appearing for Delhi Police, to take instructions on having a simple digital facility for people to...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management
Around 80 per cent of India’s merchandise trade with Europe passes through the Red Sea and substantial trade with the US also takes this route. Both these geographies account for 34 per cent of the country’s total exports New Delhi: Indian exporters are...
