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UK climate stress test for banks, insurers is the toughest yet: Fitch

by AIP Online Bureau | May 23, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life, Non-Life

Non-life insurers and reinsurers are exposed to physical risk through property and catastrophe losses, which are becoming more frequent and severe due to climate change Life insurers are more exposed to the transition risk that affects the assets in their investment...

Date to head IRDAI’s Reinsurance Advisory Committee

by AIP Online Bureau | May 23, 2022 | Briefs, Regulation, Reinsurance

The IRDAI has reconstituted its Reinsurance Advisory Committee (RAC) under the chairmanship of former managing director, Swiss Re, India Dhananjay Date. The other members are R. Chandrasekaran,former Head of Reinsurance, Cholamandalam MS General, G. Srinivasan,...

Pandemic creates new billionaire every 30 hours: Oxfam at Davos

by AIP Online Bureau | May 23, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

”We expect this year that 263 million more people will crash into extreme poverty, at a rate of a million people every 33 hours,” Oxfam International said. Davos: As the rich and powerful from across the globe gather here for the World Economic Forum...
DRDO report finds serious battery fault in electric vehicles that caught fire

DRDO report finds serious battery fault in electric vehicles that caught fire

by AIP Online Bureau | May 23, 2022 | Indian News, Non-Life, Technology

Earlier this month, the Central Consumer Protection Authority (CCPA), which comes under the Union Ministry of Consumer Affairs, sent notices to Pure EV and Boom Motors after their e-scooters exploded in April New Delhi: Serious defects have been found in the...

Monkeypox threat: Mumbai civic body keeps isolation ward ready in hospital

by AIP Online Bureau | May 23, 2022 | Health, Indian News, Non-Life, Policy

As on date, there has been no report of any suspected or confirmed case of Monkeypox in the city, an official from the Brihanmumbai Municipal Corporation’s (BMC) public health department said.In an advisory issued about the viral zoonotic disease, the BMC said...
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