by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology
Researchers at the Lloyd’s insurer found so called “supershear” earthquakes accounted for 66% of insured losses from earthquakes since 2016 – equivalent to $13.2 billion – yet are absent from seismic hazard models, building design codes and insurance catastrophe...
by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance
In this role, Navas leads the firm’s claims organization across EMEA, overseeing strategy, advocacy and claims preparation capabilities to support clients in navigating an increasingly complex claims environment. DUBLIN: Aon plc today announced the appointment of José...
by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits
“While mature markets benefit from broader claims experience and greater transparency, limited loss data in less mature markets should not be mistaken for lower malicious or non-malicious exposure.These markets require even stronger underwriting discipline and careful...
by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Life, Regulation
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd’s promoter and CEO Rajesh Mehta from dealing in the company’s securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress...
by AIP Online Bureau | Jun 4, 2026 | Briefs, Life
Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director – designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
by AIP Online Bureau | Jun 4, 2026 | Indian News, Non-Life, Reinsurance, Workplace/Employee Benefits
This appointment represents a key milestone in Mapfre Re’s Asia-Pacific strategy and supports the company’s ambition to build a strong local presence, enhancing proximity to clients and brokers in the region GIFT City: Spanish major Mapfre Re has appointed Chaturbhuj...
by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Workplace/Employee Benefits
“Private equity firms recognise that capital alone cannot unlock this market; what converts opportunity into enterprise is the credibility that only seasoned operators can provide. A veteran CEO carries, in effect, a ready-assembled portfolio of regulator...
by AIP Online Bureau | Jun 3, 2026 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Risk Management
Overall, the global insurance market is expected to grow at an annual rate of +5.3% over the next ten years, slightly above economic output. Munich:The global insurance market is expected to continue shifting eastward over the next decade, with India and China gaining...
by AIP Online Bureau | Jun 3, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
Despite ranking among the world’s ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population...
by AIP Online Bureau | Jun 3, 2026 | Disaster & Management, Eco/Invest/Demography, International News
The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years, as a combination of climate change, urbanization and inflation mean disasters are getting more costly when they hit. In North America, the gap between insured and...
