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Korea sees risks to financial firms from overseas property

by AIP Online Bureau | Dec 12, 2023 | Eco/Invest/Demography, International News, Risk Management

The message comes after the country’s pension funds, insurance companies and asset managers plowed billions of dollars into properties and risky real estate loans across the globe in the run up to the pandemic, leaving them under scrutiny as losses start to pile up....

China offers insurance to rubber producers to encourage planting, output

by AIP Online Bureau | Dec 12, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy

The scheme for producers in Hainan and Yunnan provinces, the main rubber producing regions, will stabilize producers’ income and increase planting acreage to boost the country’s rubber production, according to a joint statement by the finance ministry, agriculture...

Global healthcare benefit cost increases projected to largely continue into 2024, WTW survey finds

by AIP Online Bureau | Dec 12, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

“The high cost of new medical technologies is a key reason for the persistently high trend. Furthermore, in some regions, ongoing geopolitical conflicts and resulting displaced populations have negatively affected medical costs due to an increased need for care and...

Google’s Epic legal defeat threatens $200 billion app store industry

by AIP Online Bureau | Dec 12, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The loss — handed down by a San Francisco jury on Monday — is a blow to the two companies’(Google and Epic Games Inc) business model in apps, where they charge commissions of as much as 30 per cent to software developers who typically have few other options. Google’s...
MoRTH aims to halve road accidents and casualties by 2030: Gadkari

MoRTH aims to halve road accidents and casualties by 2030: Gadkari

by AIP Online Bureau | Dec 11, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Nitin Gadkari,Union Minister,Ministry of Road Transport and Highways According to the latest report by Ministry of Road Transport and Highways (MoRTH), the number of road accidents in India went up 12 per cent to over 4.6 lakh in 2022, resulting in deaths of 19 people...
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