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RBI holds rates, raises GDP growth forecast to 7 pc, no plan to loosen interest rates

RBI holds rates, raises GDP growth forecast to 7 pc, no plan to loosen interest rates

by AIP Online Bureau | Dec 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

“The Indian economy presents a picture of resilience and momentum. Growth remains resilient and robust, surprising everyone. There is no plan to loosen interest rates as inflation continues to be the top priority for the central bank,” ,” Reserve...

AXA explores $1.1 bln disposal of European protection businesses -sources

by AIP Online Bureau | Dec 8, 2023 | International News, Life

The transaction could include businesses in France, Italy, Spain and part of the UK, which all sit under the group’s AXA Partners division AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to...

Rising war risks prompt property insurers to rethink cover

by AIP Online Bureau | Dec 8, 2023 | International News, Non-Life, Reinsurance, Risk Management

“There’s a chance that the reaction to Ukraine and others is going to have more of an impact on other parts of the world that are not live situations right now but could be live in the future like Taiwan. You can’t get anything in Ukraine at this point in time. For...

Maersk introduces surcharge on Israel shipments to cover insurance

by AIP Online Bureau | Dec 8, 2023 | Eco/Invest/Demography, Non-Life, Reinsurance

“Moving into 2024, insurance premiums continue to be raised for vessels bound for Israel, which has brought about the need for Maersk to officially implement an Emergency Risk Surcharge (ERS),” the Danish company said in a statement Shipping group A.P. Moller-Maersk...

Airline industry to meet in January over GPS spoofing spike

by AIP Online Bureau | Dec 8, 2023 | International News, Risk Management, Technology

A spoofed plane’s navigation system will show it as being in a different place – a security risk if a jet is guided to fly into a hostile country’s airspace. Spoofing is common around conflict zones and areas with sensitive military targets Geneva: Global aviation...
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