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Salaries in Southeast Asia to rise in 2024 defying economic slowdown concerns: Aon

by AIP Online Bureau | Nov 15, 2023 | Eco/Invest/Demography, International News

Attrition rates across southeast Asia have dropped in 2023 compared to 2022 yet continue to remain in the double digits a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent Singapore: Aon plc has released its 2023...

Global EV sales stay strong, China hits record despite end of subsidies

by AIP Online Bureau | Nov 14, 2023 | Data, Technology

“What’s notable about October’s figures is that EV demand in China continues to reach record highs even though the subsidies were cut … 2023 is set to be another banner year for China in terms of EV sales,” the market research firm said....
National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24

National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24

by AIP Online Bureau | Nov 14, 2023 | Health, Indian News, Non-Life

“Yes, we have improved on all key parameters of our operations to earn some profit in the first half the year. Going forward, our efforts will be to sustain profitability. Our primary focus will be profitability and not just the topline  growth. We now know the...

12 insurers complete their integration with National Health Claim Exchange

by AIP Online Bureau | Nov 14, 2023 | Health, Indian News, Non-Life, Technology

Under the Digital Health Incentive Scheme, to encourage efficiency in insurance claim processing, there is a provision that for every insurance claim transaction through NHCX, financial incentives of Rs 500 per claim or 10% of the claim amount, whichever is lower...

Cyber ‘Catastrophe Bonds’ set to test bond markets

by AIP Online Bureau | Nov 14, 2023 | International News, Non-Life, Reinsurance, Risk Management, Technology

Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And AXIS Capital is preparing to issue a $75 million cyber...
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