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China pushes commercial insurers in bid to boost local biotechs

by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Policy

The 3.5 trillion yuan ($486 billion) fund — which covers medical expenses for roughly 95% of China’s 1.4 billion people — will also set up a catalog of innovative drugs that can be reimbursed by commercial insurers, according to the document. The list could lead to...
Automakers clash with India over ‘aggressive’ emission limits

Automakers clash with India over ‘aggressive’ emission limits

by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

As automakers and government officials discuss the proposals, the outcome could shape India’s clean vehicle policy for years to come as the country tries to balance climate goals with economic growth and affordability for its 1.4 billion citizens. Automakers are...
India’s auto sector to show weak retail trend in June, flat to single digit growth: Report

India’s auto sector to show weak retail trend in June, flat to single digit growth: Report

by AIP Online Bureau | Jul 1, 2025 | Data, Eco/Invest/Demography, Non-Life

While May and June 2025 volumes saw some support from pre-buying ahead of a dual price hike of approximately 2.5-3 per cent, the overall inquiry pipeline across regions, including North India, stayed extremely weak New Delhi: The automobile industry in the country is...
(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch

(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch

by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
GIC syndicate 1947 novates managing agency services to Asta

GIC syndicate 1947 novates managing agency services to Asta

by AIP Online Bureau | Jul 1, 2025 | International News, Non-Life, Reinsurance, Risk Management

Ramaswamy Narayanan, CMD, GIC Re Ramaswamy Narayanan, GIC Re chairman and managing director, said: “We are pleased to commence this partnership with Asta as we consider they are best-placed to help deliver the group’s strategy through managing our fully-aligned...
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