by AIP Online Bureau | Aug 30, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Of the five business sectors most vital to the global economy, manufacturing and distribution would be hit hardest by disasters costing $4.2 trillion as water scarcity disrupts production while storms and floods destroy infrastructure and inventory. read more Last...
by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Indian News, Life
Axis is planning to take a 10% stake for around $9 million in the start-up’s upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the...
by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Life
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. “Strategic sale is uncharted territory. There are a lot of issues to be addressed, including...
by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
The Index, which is a report detailing accident trends seen across key metros, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, revealed Delhi recording an accident rate of 20.3%, while Mumbai stood at 18.2%. The reasons behind the mishaps were also fairly...
by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Reinsurance
2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year for Asia Pacific domiciled reinsurers The accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets...
