by AIP Online Bureau | May 27, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Scenes of widespread devastation were evident across West Bengal’s coastal areas, with extensive damage to infrastructure and property, a day after Cyclone Remal tore through the coasts of Bangladesh and West Bengal with winds reaching speeds of 135 km per hour...
by AIP Online Bureau | May 27, 2024 | International News, Non-Life, Reinsurance
Promising thought-provoking discussions, SIRC 2024 will delve into the diverse trajectories required to reshape itself to be climate resilient while looking at the transformative possibilities of artificial intelligence (AI) automation and its pros and cons for the...
by AIP Online Bureau | May 27, 2024 | Eco/Invest/Demography, International News, Life, Wealth Management/ Philanthropy
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
by AIP Online Bureau | May 27, 2024 | Indian News, Non-Life, Regulation, Reinsurance
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, further said : “With higher growth, the market share of private insurers in terms of GDPI is likely to rise to 69% for FY2025 and 71% for FY2026 from 68% for FY2024. The health segment,...
by AIP Online Bureau | May 27, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
