by AIP Online Bureau | Jun 22, 2023 | International News, Life, Non-Life, Policy, Regulation, Reinsurance
The risk margin refers to the potential cost for a failing insurer to transfer its policies to a third party to avoid disruption to customers. “It is considering options to enable reforms to the matching adjustment to come into force by the end of June 2024, and...
by AIP Online Bureau | Jun 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Sherif Zakhary, CEO of Aon’s Strategy and Technology Group, said: “These megatrends each equate to risk and opportunity for the global insurance industry, and so as risk experts we cannot afford to sit on the sidelines and wait for these trends to crystalize. We have...
by AIP Online Bureau | Jun 22, 2023 | Workplace/Employee Benefits
by AIP Online Bureau | Jun 22, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic
Tedros Adhanom Gebreyesus,Director-General, WHO Almost 4 million cases worldwide were reported last week to WHO and the agency expects the total number of cases to pass 200 million, in the next two weeks. “And we know this is an underestimate”, underscored...
by AIP Online Bureau | Jun 22, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts, Non-Life, Policy, Reinsurance
Hurricane Maria that hit the Carribean island of Dominica in 2017 caused damage equivalent to 226 per cent of its gross domestic product (GDP).Floods in Pakistan in 2022 and cyclone Pam in Vanuatu in 2015 caused damages worth 9 per cent and 64 per cent of their...
by AIP Online Bureau | Jun 22, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
Ajay Banga,President,World Bank World Bank President Ajay Banga will unveil measures, including the pause on repayments and embedding catastrophe insurance into new loans in a speech in Paris on Thursday, the newspaper reported French President Emmanuel Macron is...
by AIP Online Bureau | Jun 22, 2023 | Workplace/Employee Benefits
by AIP Online Bureau | Jun 22, 2023 | International News, Regulation
The consumer protection agency filed a lawsuit claiming that Amazon’s website manipulates users into enrolling in Prime, where subscribers pay $139 a year for privileges like speedy free delivery, video streaming and access to 100 million songs. The cancellation...
by AIP Online Bureau | Jun 22, 2023 | Workplace/Employee Benefits
by AIP Online Bureau | Jun 22, 2023 | Health, International News, Technology
With SMAART, IHC executives will be able to have detailed information about key performance indicators of the business, including loss ratio, ultimate loss ratio, burning costs, incurred claims and ultimate claims Athens: Munich Re HealthTech S.A. today announced that...
