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Poor application of norms cause of accidents at explosives and ammunition making units: Secretary

Poor application of norms cause of accidents at explosives and ammunition making units: Secretary

by AIP Online Bureau | Jul 31, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Sanjeev Kumar, Secretary, Department of Defence Production Addressing a seminar in Pune on ‘Military Explosives & Propellants — Safety and Compliance and Quality Assurance, Defence Production’, Sanjeev Kumar, Secretary, Department of Defence...
Japan earthquake halts auto and chip plants, testing supply chain resilience

Japan earthquake halts auto and chip plants, testing supply chain resilience

by AIP Online Bureau | Jul 31, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Given Japan’s proneness to natural disasters, manufacturers have for decades sought to strengthen the resilience of parts supply and this latest quake, which has claimed the lives of 34 people, will be a test of how robust their efforts have been. The 7.1-magnitude...
Insurers are ‘Actively Evaluating’ new catastrophe risks as Europe burns

Insurers are ‘Actively Evaluating’ new catastrophe risks as Europe burns

by AIP Online Bureau | Jul 31, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Historical data no longer provide an adequate foundation on which to base loss probabilities, which is why the industry now relies “heavily” on forward-looking scenario analysis, Aon’s Bruce said. And Europe’s ability to generate reliable catastrophe risk models will...
Rajaraman gets extension as IFSCA chairman till 65

Rajaraman gets extension as IFSCA chairman till 65

by AIP Online Bureau | Jul 31, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance, Technology

K Rajaraman, chairman, International Financial Services Centres Authority The main objective of IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region...
Houthis’ Red Sea attacks prompt London insurers to widen high-risk zone

Houthis’ Red Sea attacks prompt London insurers to widen high-risk zone

by AIP Online Bureau | Jul 30, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

War risk premiums for voyages through the southern Red Sea have already jumped to between 1% to 2% of the value of a ship from 0.3% before the Houthi announcement, sources have said.. Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market...
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