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Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Risk Management

Fed Chair Jerome Powell “Uncertainty about the economic outlook has increased further,” the FOMC said at the end of a two-day meeting during which officials agreed unanimously to keep the central bank’s benchmark interest rate steady in the...
Insurers remain high alert over Indian missile attacks on Pak terror targets

Insurers remain high alert over Indian missile attacks on Pak terror targets

by AIP Online Bureau | May 7, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

Indian airlines have informed the insurers including New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance that they are going by the advise of the Indian government and no aircrafts have been parked in any of the airports around Indo-Pak...

Finmin invites suggestions on draft climate finance taxonomy

by AIP Online Bureau | May 7, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

India’s climate finance taxonomy will facilitate greater resource flow to climate-friendly technologies and activities, enabling the country to achieve the vision of becoming net zero by 2070 while ensuring long-term access to reliable and affordable energy, the...

Banks tighten cyber security network to ward off any threat

by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

“We have strengthened the cyber security mechanism… we have created a 24 hours war room to diffuse any cyber attack… we are prepared for any eventuality,” Punjab National Bank MD and CEO Ashok Chandra said New Delhi: Banks have tightened their cyber...
Markel launches Clinical Trials product to support clinical trials research globally

Markel launches Clinical Trials product to support clinical trials research globally

by AIP Online Bureau | May 7, 2025 | International News, Non-Life, Reinsurance

“Clinical trials insurance is a regulatory requirement in many countries and it’s often the last hurdle to get approval to begin clinical research,” says Robert Hannaford, Senior Underwriter – Life Science, Markel. “Delays to this process can result in sizeable costs,...
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