by AIP Online Bureau | Oct 19, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
War risk insurance rates have soared more than tenfold in recent days to Israeli ports with growing concerns over an escalation in hostilities Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its...
by AIP Online Bureau | Oct 19, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
“The global interconnectedness of cyber means it is too substantial a risk for one sector to face alone and therefore we must continue to share knowledge, expertise and innovative ideas across government, industry and the insurance market to ensure we build society’s...
by AIP Online Bureau | Oct 19, 2023 | Health, International News, Technology
Amazon says customers will be able to choose from more than 500 medications, a list that includes common treatments for conditions like the flu or pneumonia, but not controlled substances Texas: Amazon will start testing drones that will drop on your doorstep,...
by AIP Online Bureau | Oct 19, 2023 | Health, Indian News, Risk Management
Dabur India, which sells Vatika Shampoo and Honitus cough syrup brands, said it could not determine the financial implication due to settlement or verdict outcome at this stage but expected the defense costs to breach the materiality threshold in the near future New...
by AIP Online Bureau | Oct 19, 2023 | Indian News, Non-Life, Regulation
The compulsory cover has to be provided as an inbuilt coverage under the Compulsory Motor Third Party Liability Section of Private Car Package/ Bundled Policies and under standalone policies insuring Compulsory Motor Third Party Liability and no additional premium can...
by AIP Online Bureau | Oct 19, 2023 | Health, Indian News, Non-Life, Regulation, Reinsurance, Technology
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: In a bid to expedite general insurance claims in Sikkim, which has...
by AIP Online Bureau | Oct 19, 2023 | Eco/Invest/Demography, Facts, Health, Indian News, Pension & Social Security, Technology
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work — 15 places lower compared to last...
by AIP Online Bureau | Oct 18, 2023 | Indian News, Non-Life
The company had managed to bring down its combined ratio to 103.90 per cent during the reporting quarter as compared to 105.10 per cent in the year-ago period.The insurer’s underwriting losses have fallen marginally to Rs 145 crore during the quarter over Rs152...
by AIP Online Bureau | Oct 18, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
Brazil’s Science Ministry blames the drought on this year’s onset of the El Nino climate phenomenon, which is driving extreme weather patterns globally. In a statement earlier this month, the ministry said it expects the drought will last until at least...
by AIP Online Bureau | Oct 18, 2023 | Indian News, Life
The assets under management of the company grew by 11.3 per cent from Rs 2,44,279 crore as on September 30 last year to Rs 2,71,903 crore as on September 30, 2023 Mumbai: ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net...
