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ESG will increasingly influence insurers’ strategies: Fitch

by AIP Online Bureau | Nov 3, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance

Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...

US Fed eaises rate by 75 bps to over a decade high at 3.75-4.0% in fight against inflation

by AIP Online Bureau | Nov 3, 2022 | Eco/Invest/Demography, Health, International News, Wealth Management/ Philanthropy

Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity The statement added that the assessments would take into...

Mild disease, no severity among Indian patients: INSACOG on Omicron’s XBB variant

by AIP Online Bureau | Nov 3, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic

“The community need not panic and adherence to coronavirus appropriate behaviour is recommended in the light of ongoing festivities,” Indian SARS-CoV-2 Genomics Consortium (INSACOG) said. Among the Indian patients the disease is mild like with other...

Ukraine grain export deal back on track as Russia resumes participation

by AIP Online Bureau | Nov 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The grain deal, originally reached three months ago, had dispelled a global food crisis by lifting a de facto Russian blockade on Ukraine, one of the world’s biggest suppliers. The prospect that it could fall apart this week had revived fears of global hunger and...

Europe hotting up more than twice global average: WMO

by AIP Online Bureau | Nov 2, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News

In 2021, high impact weather and climate events led to hundreds of fatalities, directly affected more than half a million people and caused economic damages exceeding $50 billion. About 84 per cent of the events were floods or storms As the climate continues to...
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