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Baltimore shipping set to resume by end of April with full capacity by end of May

Baltimore shipping set to resume by end of April with full capacity by end of May

by AIP Online Bureau | Apr 6, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Port of Baltimore ranks first in the United States for the volume it handles of autos and light trucks and farm and construction machinery, according to the state of Maryland. Most of that traffic has been suspended since the accident, though some terminal...

Allianz sells US mid-size corporate insurance unit to Arch Capital

by AIP Online Bureau | Apr 6, 2024 | International News, Non-Life, Reinsurance

The transaction is part of Allianz’s new strategy to focus on large corporate and specialty businesses in the U.S. instead BERLIN: Allianz agreed to sell Fireman’s Fund, its U.S. insurance unit for mid-sized corporations and entertainment industry clients,...
CBDC transaction volumes down, P2M transactions growing: RBI

CBDC transaction volumes down, P2M transactions growing: RBI

by AIP Online Bureau | Apr 5, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Risk Management, Technology

Reserve Bank of India deputy governor T Rabi Sankar said there are 46 lakh users and 4 lakh merchants transacting in CBDC right now, and added that as the acceptance of CBDC grows, there has been a growth in the P2M, or peer-to-merchant, transactions Mumbai: The...

Health report indicates significant growth in non-communicable diseases across India

by AIP Online Bureau | Apr 5, 2024 | Data, Eco/Invest/Demography, Health, Life, Non-Life

On average, at least one in three Indians today were pre-diabetic, two in three were pre-hypertensive and one in 10 were depressed, the 4th edition of Apollo Hospitals’ flagship Health of Nation Report on World Health Day 2024, said. Most common cancers in order...
S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos

S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos

by AIP Online Bureau | Apr 5, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in Shriram GeneralĀ  Insurance Company (SGIC) and 7.04 per cent in Shriram Life Insurance Company (SLIC) from TPG India Investments, and 4.45 per cent in SGIC and 4.98 per cent in SLIC from the...
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