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EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel

EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel

by AIP Online Bureau | May 20, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

The G7 price cap was agreed in December 2022, banning trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibiting shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe,...
High crypto investors seek bodyguards to deter kidnappers

High crypto investors seek bodyguards to deter kidnappers

by AIP Online Bureau | May 20, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy

People with crypto wealth face unique physical risks because public blockchain networks like Bitcoin and Ethereum allow tokens to be transferred instantly and anonymously. This means that if an individual is coerced into giving up the access credentials to their...
Why can’t Centre formulate ‘clear cut’ policy to regulate cryptocurrency? asks SC

Why can’t Centre formulate ‘clear cut’ policy to regulate cryptocurrency? asks SC

by AIP Online Bureau | May 19, 2025 | Indian News, Risk Management, Technology, Wealth Management/ Philanthropy

“Why does Centre not come out with a clear cut policy on regulating cryptocurrency? There is a parallel under-market for it and it can affect the economy. By regulating the cryptocurrency, you can keep an eye on the trade,” the bench told Additional Solicitor General...

Govt reviews COVID-19 situation abroad

by AIP Online Bureau | May 19, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

As of May 19, 2025, the number of active COVID-19 cases in India stands at 257 — a very low figure considering the country’s large population. Almost all of these cases are mild, with no hospitalisation required. New Delhi: Following recent media reports...
New India’s net profit stays flat at Rs 347 cr in Q4FY25, improves its gross premium, combined ratio and reduces underwriting losses

New India’s net profit stays flat at Rs 347 cr in Q4FY25, improves its gross premium, combined ratio and reduces underwriting losses

by AIP Online Bureau | May 19, 2025 | Indian News, Non-Life

Girija Subramanian, CMD, New India Assurance “Even more encouraging is that our continued emphasis on profitable growth over the past several quarters is now yielding results. Despite the rise in gross written premium, the company has managed to improve its...
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