by AIP Online Bureau | Dec 8, 2023 | International News, Non-Life, Reinsurance, Risk Management
“There’s a chance that the reaction to Ukraine and others is going to have more of an impact on other parts of the world that are not live situations right now but could be live in the future like Taiwan. You can’t get anything in Ukraine at this point in time. For...
by AIP Online Bureau | Dec 8, 2023 | Eco/Invest/Demography, Non-Life, Reinsurance
“Moving into 2024, insurance premiums continue to be raised for vessels bound for Israel, which has brought about the need for Maersk to officially implement an Emergency Risk Surcharge (ERS),” the Danish company said in a statement Shipping group A.P. Moller-Maersk...
by AIP Online Bureau | Dec 8, 2023 | International News, Risk Management, Technology
A spoofed plane’s navigation system will show it as being in a different place – a security risk if a jet is guided to fly into a hostile country’s airspace. Spoofing is common around conflict zones and areas with sensitive military targets Geneva: Global aviation...
by AIP Online Bureau | Dec 7, 2023 | Articles, Eco/Invest/Demography, Technology
India’s InsurTech industry has a tremendous opportunity to not only help itself grow and scale up but also the global community Mayank Gupta,Co-Founder and COO, Zopper In recent years, the rise of India’s insurance sector is witnessing unprecedented...
by AIP Online Bureau | Dec 7, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance
Fitch forecasts an improvement in underlying profitability for the global reinsurance sector in 2024, and is maintaining its improving fundamental sector outlook Robert Mazzuoli, Director, Insurance,Fitch Reinsurance rate increases for property catastrophe business...
by AIP Online Bureau | Dec 7, 2023 | Eco/Invest/Demography, Health, Indian News, Policy
”It is clarified that these seven cases have no link whatsoever to the recent surge in respiratory infections in children reported from some parts of the world, including China,” the Union health ministry said New Delhi: Seven bacterial cases were detected...
by AIP Online Bureau | Dec 7, 2023 | Eco/Invest/Demography, Health, Non-Life, Pandemic
General cost inflation contributed to the premium rise. In the last two years, the average claim amount increased from Rs 45,000 to Rs 65,000, forcing insurers to revise premiums, said Mayank Bathwal, CEO of Aditya Birla Health Insurance Mumbai: Aditya Birla Health...
by AIP Online Bureau | Dec 7, 2023 | Indian News, Life, Wealth Management/ Philanthropy
”We believe that LIC has a strong marketing agency force, while most focus has been on par policies, the agency team is capable of selling non-par policies as well,” the analyst said Mumbai: The Life Insurance Corporation of India on Thursday reclaimed...
by AIP Online Bureau | Dec 7, 2023 | Eco/Invest/Demography, Interviews, Non-Life, Reinsurance, Risk Management
In an exclusive interview with Asia Insurance Post, Teck Siong Ng, Underwriter, Cyber & Technology, Beazley speaks about the latest trends in Asia’s cyber insurance market and outlines his company’s strategies to grow its business in the regionEdited...
by AIP Online Bureau | Dec 7, 2023 | Eco/Invest/Demography, Indian News, Policy
“It is a matter of truth that February 1, 2024 budget that will be announced will just be a vote on account because we will be in an election mode. So the budget that the government presents will just be to meet the expenditure of the government till a new...
