According to chief executive officer, Axel Theis, of Allianz’s Allianze Global Corporate & Specialty industrial insurance unit, “New products such as cyber-risk protection and coverage for renewable-energy plants will boost premiums in the mid-term.This industrial insurance coverage is being offered by companies such as Zurich Insurance Group and American International Group, as well as Allianz.
6 million every year (4 billion South African rand) in order to compensate for the insurance fraud that it is experiencing in that country., a Cape Town based short term insurer, this year, alone, there have already been 79 cases of commercial insurance fraud worth 7.
A recent statement from the Canada Mortgage and Housing Corporation (CMHC) has revealed that the organization will no longer be providing mortgage insurance to condo developers in order to assist in financing new building construction.The reason that many are simply shrugging their shoulders at the decision by the Crown corporation is that it hasn’t actually offered any of this controversial form of mortgage insurance since 2011.
Last year, severe weather lead to widespread flooding throughout much of the province, causing an estimated $1.These losses are encouraging insurers to revise their approach to flood protection and the coverage they offer for severe weather disasters.
The giant insurance market, Lloyd’s of London has just announced the appointment of the first female chief executive in the history of the company, who will be replacing the current CEO who had announced in July that he would be stepping down from that position.Ahead of her appointment to the insurance market, Beale has been a veteran of the industry for the last thirty years.
15, 2013 – According to catastrophe modeling firm AIR Worldwide, Tokyo is bracing itself for its strongest typhoon since October 2004.According to the Japan Meteorological Agency (JMA), as of 14 UTC on October 15, Typhoon Wipha is located at 31.
One Calgary insurer is now providing flood insurance in the city, representing a first in the entire industry across Canada, which does not currently provide overland flooding protection anywhere else.This overland flood insurance is now being offered to businesses in Calgary.
The American Insurance Group is looking to mitigate this risk by offering a new product that provides rail companies with $1 billion in coverage.With the rail business booming, new risks are emerging and rail companies need insurance policies that can protect them from the liabilities that they face.
Now, however, Bitcoin insurance may help put some of the issues to rest.The digital currency stored by the service is protected with insurance coverage.
Following the railway disaster in Lac-Mégantic, Quebec, Canada, the Canadian Transportation Agency (CTA) is making insurance news by holding a review of the minimum coverage amounts that railways must carry.The federal regulators added to their insurance news announcement by saying that they will be starting consultations on coverage for railway companies in the next few months.
Notable alumni include Rahul Gandhi, Rajiv Gandhi, Hero Group's Sunil Munjal and Pawan Munjal.9,70,000 per annum and incidental expenses are estimated at around 25,000/- per term.
6 crore) in funding from e-commerce giant, Flipkart.With the funding, the startup plans to advance its products, improve user experience and expand on services, Tinystep said in a statement.
Indian passport has been ranked a lowly 78 in a global ranking of the world's most powerful passports which was topped by Germany.India stands at 78th position with a visa-free score of 46, ahead of China and Pakistan.
Indian online healthcare platform Practo said on Tuesday it had raised $55 million from new and existing investors in a fresh round of funding led by China's Tencent Holdings.Bengaluru-headquartered Practo, founded in 2008, acts as a one-stop shop for patients booking appointments with doctors for online and in-person consultations.
Tech giants such as Google, Facebook and Microsoft are heavily investing in AI along with its variations such as machine learning and robotics.The USB 3.
British American Tobacco (BTI) said Tuesday that it's agreed to pay $49.The two cigarette giants hold some of the biggest selling brands on the planet, including Pall Mall, Camel and Newport.
The two cigarette giants hold some of the biggest selling brands on the planet, including Pall Mall, Camel and Newport.Bringing them together would create the world's largest listed tobacco company by net sales and operating profit, according to BAT.
As the number of insurers takes off in China – particularly as the country has opened its doors to providers from other countries – has been taking off and this has caused the need for insurance agents to skyrocket.That said, there are some experts in the industry who are forecasting that hiring so many insurance agents at such a rate could be problematic.
Munich Re has now agreed to sell its Italian insurance company, Ergo to a British private equity investor, Cinven, which has been working to boost the size of its position as an insurer within Italy’s industry.Early this week, Ergo stated that the insurance companies it would be selling would be Ergo Assicurazioni and Ergo Previdenza.
Nepal, a relatively small country bordering India and Tibet, has been struck by a major earthquake that is expected to produce a large number of claims for the property insurance industry.Over the past weekend, the country suffered from a strong earthquake, which caused significant damage to property near its epicenter.