Eco/Invest/Demography

Rs 70,000 cr package announced for exports, realty sectors to boost growth

Indian News       Sep 14, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the exports and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year...

Mutual funds add around 5 lakh folios in August, total tally reaches to 8.53cr

Indian News       Sep 12, 2019

Mumbai: The mutual fund industry has added around 5 lakh investors' account in August, taking the total tally to 8.53 crore, amid volatile market conditions. In comparison, the industry had added 10.29 lakh new folios in July.   Folios are numbers designated to individual investor accounts....

Analysts see 2020 reinsurance price hikes due to catastrophes

International News       Sep 09, 2019

Insurers are increasingly concerned about the impact of bad weather linked to climate change, with an increase in wildfires in California among the most costly in recent years, something S&P said could see rates there jump 30-70%.   Big insurance losses from hurricanes, wildfires and other...

Climate change tops list of world’s ‘extreme risks’

Facts       Sep 09, 2019

  LONDON: The Thinking Ahead Institute’s (TAI) Extreme risks 2019 report and ranking, which categorises rare events that could have a high impact on global economic growth and asset returns, has a new top three: global temperature change, global trade collapse and cyber warfare.   The Thinking...

IRDA forms panel to link motor premium with traffic violations

Indian News       Sep 06, 2019

  Hyderabad  The insurance regulator IRDAI has asked the insurance companies to undertake a pilot project in NCT, Delhi to implement the premium escalation formula for registered owners/drivers of motor vehicles involved in traffic offences.   The regulator has constituated a  working group under the chairmanship of...

World safest cities index: Tokyo tops list of 60, New Delhi ranks at 53

Facts       Sep 04, 2019

  There’s a new surprise member of the world’s safest cities club. Washington, DC, has entered the top 10 in the Safe Cities index for the first time, while Hong Kong is a noticeable no-show after plummeting down the rankings. Tokyo took the No. 1 spot...

Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re

International News       Sep 04, 2019

  London: Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8 per cent increase from a re-stated USD 518 billion at year-end 2018[1], with strong investment markets being the main driver of the...

Amit Shah assures Rs 2 lakh insurance for J&K panchayat members

Indian News       Sep 03, 2019

  New Delhi: In a major decision in the first meeting with a delegation from Jammu and Kashmir after removal of Article 370 and bifurcation of the state, Union Home Minister Amit Shah on Tuesday assured of providing Rs 2 lakh life insurance cover to each...

Sensex suffers its biggest fall of this year,Investors lose Rs 2.55 trillion

Indian News       Sep 03, 2019

  Mumbai: Investor wealth dropped Rs 2.55 trillion on Tuesday following a sharp plunge in the equity market as investor sentiment went for a toss amid concerns related to economic crisis and trade issues.   The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to...

Global reinsurance market to see consolidation, product & service innovation:S&P

International News       Sep 03, 2019

  New York: S&P Global Ratings has kept its stable outlook on the global reinsurance sector and on the majority of the reinsurers it rates.   This assessment is mostly based on reinsurers' still-robust capital adequacy and relatively disciplined underwriting, at least so far, supported by well-developed...

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