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Today the global reinsurance sector is at crossroads where it has to grapple with several challenges. The low investment yields are pushing down the bottom-line of the reinsurers further down. The industry cannot increase its pricing very drastically; the abundant capacity does not permit it to do so. The claims are continuously going up as the catastrophes continue with an alarming alacrity. Yet it must be said to the credit of global reinsurance industry that it has been performing well despite all odds.

Training is an investment for the future & a tool for up-gradation of the human capital in any organisation. It can never cover the entire gamut of any subject but can always be a means of learning, development and furtherance of knowledge in a specific area

Asian countries are experiencing major developments in their insurance markets, driven by economic growth, intense competition and regulatory initiatives. A.M. Best had organised a one day seminar at Jakarta, Indonesia. Speakers from A.M. Best joined by regional and local market practitioners discussed the issues that are impacting market developments and the prospects of individual insurers.

Baden Baden Reinsurance Congress is yet another major global reinsurance event which provides an opportunity for cedants, brokers and re/insurers to get together to discuss the renewal of reinsurance contracts prior to the major renewals season in January....

A team of three officials from GIC Re participated in the Annual General Meeting of International Union of Aerospace Insurers held in the first week of June 2012 at Montreux, Switzerland. The AGM had presentations by five working groups dealing with airlines, general aviation, manufacturers' products and airports, space and legal and claims.