by AIP Online Bureau | Sep 2, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Hinnamnor is forecast to be even more destructive than Typhoon Sarah in 1959, according to the meteorological administration. That storm killed more than 600 people and injured 2,533, and caused 249 billion won ($180 million) in property damage, according to the...
by AIP Online Bureau | Sep 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The cap would rely heavily on denying London-brokered shipping insurance, which covers about 95% of the world’s tanker fleet, and finance to cargoes priced above the cap. But analysts say that alternatives can be found to circumvent the cap and market forces could...
by AIP Online Bureau | Sep 2, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance
This year heavy rains have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India, while drought has put farmers’ harvests at risk across Europe Insured losses from floods doubled to $80 billion globally...
by AIP Online Bureau | Sep 2, 2022 | Banking & Bancassurance, Indian News, Intermediaries, Life, Non-Life, Reinsurance
The proposed director should not not be working in the capacity of the chief insurance executive / specified person or any other officer responsible for soliciting insurance business for or on behalf of the insurance agent, intermediary or insurance intermediary while...
by AIP Online Bureau | Sep 2, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
His remarks came after data on Wednesday showed India’s gross domestic product grew less than RBI’s estimate of a 16.2% expansion, and signs that domestic demand will further moderate as borrowing costs rise are emerging Mumbai: India’s central bank will seek to...
