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Millionaires group calls for wealth tax at virtual Davos

by AIP Online Bureau | Jan 19, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

According to a study conducted by the Patriotic Millionaires together with Oxfam and other non-profits, a progressive wealth tax starting at 2% for those with more than $5 million and rising to 5% for billionaires could raise $2.52 trillion, enough globally to lift...

Rising premium growth, govt reforms to strengthen insurers’ profitability: Moody’s Report

by AIP Online Bureau | Jan 19, 2022 | Eco/Invest/Demography, Indian News

”The Indian insurance industry’s growth prospects are favourable, underpinned by an expected 9.3 per cent GDP expansion in fiscal 2021, which ends March 2022, and by strong demand for health insurance in the wake of the pandemic,” Moody’s...

UK regulatory shake-up could address lack of domestic commercial reinsurance -lobby group

by AIP Online Bureau | Jan 19, 2022 | International News, Non-Life, Regulation, Reinsurance

Britain’s upper chamber of parliament, the House of Lords, said late last week that its Industry and Regulators committee of lawmakers was launching an inquiry into the regulation of the London insurance market and how to improve the regulatory set-up for the...

5G scare: AI cancels 8 US flights; DGCA working to overcome situation

by AIP Online Bureau | Jan 19, 2022 | Indian News, Risk Management, Technology

Air India stated on Twitter that it won’t be operate eight India-US flights on Wednesday “due to deployment of the 5G communications in the US”. These eight Air India flights were: Delhi-New York, New York-Delhi, Delhi-Chicago, Chicago-Delhi, Delhi-...

Risk mitigation in insurance key to drive penetration: Official

by AIP Online Bureau | Jan 19, 2022 | Indian News, Policy

Both the government and the Insurance Regulatory and Development Authority of India are working together on how to drive the penetration of products, innovation and distribution, he said. said Saurabh Mishra,Joint Secretary,Department of Financial Services New Delhi:...
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