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ECB climate stress test flags $71 billion risk to euro zone banks

by AIP Online Bureau | Jul 9, 2022 | Banking & Bancassurance, Climate, Environment, Renewable Energy, International News, Non-Life, Policy, Regulation

“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
Australian flood: Insurers receive 8,415 claims for almost $100 million

Australian flood: Insurers receive 8,415 claims for almost $100 million

by AIP Online Bureau | Jul 9, 2022 | Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance

There are 84 per cent property, 14 per cent motor and two per cent commercial claims Sydney: The Australian insurers have received 8,415 claims with an estimated insurance loss of $97.9 million, said the Insurance Council of Australia (ICA) which earlier this week...
Assam floods damaged 30,000 to 40,000 houses, says CM Himanta

Assam floods damaged 30,000 to 40,000 houses, says CM Himanta

by AIP Online Bureau | Jul 9, 2022 | Disaster & Management, Indian News, Non-Life, Policy

Later, talking to journalists, Sarma said since Assam’s flood has been labelled ”severe” by a central team, which made an assessment of the flood situation, he sought an advance fund from the NDRF to enable the state to help the people whose houses...

PSU general insurance employees defer their strike to 15 July

by AIP Online Bureau | Jul 9, 2022 | Briefs

The Joint Forum of unions and associations of employees and officers in public sector general insurance companies(JFTU) has decided to defer their strike, to push for early conclusion of the industry’s wage revision, to 15th July. In view of the fact that GIPSA...

IBA looks for consultant to to groom senior managers for top positions in PSU banks

by AIP Online Bureau | Jul 8, 2022 | Banking & Bancassurance, Indian News

It is expected that each year around 75 senior management participants will attend this programme on and off campus involving around 30 days (may include weekends) of various interventions during the 9.5 months leadership development journey Mumbai: The new formed...
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