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Russia still uses Western insurance for half of its oil shipments

by AIP Online Bureau | Mar 30, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Russia’s high dependence on insurance from G-7 and European countries for shipping oil means the price-cap coalition has strong leverage,” Meri Pukarinen, Europe-Russia policy officer at the Helsinki-based Centre for Research on Energy and Clean Air, said by email....

Swiss Re faces $6.3 million claim over sexism, unfair dismissal

by AIP Online Bureau | Mar 30, 2023 | International News, Non-Life, Reinsurance, Risk Management

The lawsuit by Julia Sommer, 41, brought after a Swiss Re senior manager commented about her breasts, made references about sex and discriminated against her, swings the spotlight back on an industry struggling to shake off a reputation for sexism. London: A former...
Sebi to boost disclosure norms; do away with permanent board seats for individuals

Sebi to boost disclosure norms; do away with permanent board seats for individuals

by AIP Online Bureau | Mar 30, 2023 | Indian News, Intermediaries, Regulation, Risk Management, Technology

Sebi also said that listed entities will be required to fill up the vacancy of Directors, Compliance Officer, Chief Executive Officer and Chief Financial Officer within a period of three months from the date of such vacancy to ensure that such critical positions are...
IRDAI to hire senior professionals from open market, offers packages more than chairman’s salary

IRDAI to hire senior professionals from open market, offers packages more than chairman’s salary

by AIP Online Bureau | Mar 29, 2023 | Indian News, Regulation

The posts which have been advertised for recruitments are Chief Technology Officer (CTO),Chief Communications Consultant (CCC), Chief People Officer (CPO) and Chief Risk Officer (CRO) The minimum gross emoluments for all these posts would be around Rs70 lakhs per...

World Bank approves $100 million to improve disaster response in Odisha

by AIP Online Bureau | Mar 29, 2023 | Disaster & Management, Indian News, Policy, Risk Management

“The Program will help Government of Odisha scale up existing social protection systems to better protect vulnerable households from climate shocks,” said Auguste Tano Kouame, the World Bank’s Country Director for India. Washington: The World...
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