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Climate change may lead to increased probability of defaults: RBI DG Rao

Climate change may lead to increased probability of defaults: RBI DG Rao

by AIP Online Bureau | Apr 29, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

M Rajeshwar Rao,deputy governor, Reserve Bank of India “Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers,” he...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Balz Grollimund, Swiss Re’s Head of Catastrophe Perils, said: “Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country...
Rare diseases often go undiagnosed or untreated in parts of Africa. A project seeks to change that

Rare diseases often go undiagnosed or untreated in parts of Africa. A project seeks to change that

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, Features, Health

Globally, more than 350 million people live with rare diseases, most of them caused by a misstep hidden within their genes. Some conditions can be caught early and treated—but in parts of Africa where population data and resources are scarce, many people go...
Canara HSBC Life Insurance files for an IPO, PNB to exit JV

Canara HSBC Life Insurance files for an IPO, PNB to exit JV

by AIP Online Bureau | Apr 29, 2025 | Indian News, Life, Regulation, Wealth Management/ Philanthropy

Canara HSBC Life Insurance Company is a joint venture promoted by state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group’s HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. Punjab National Bank holds the rest of stakes and will...

Corporate America boosts security spending after UnitedHealth murder, filings show

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, International News, Risk Management

“The number of customers requiring assessments and executive protection has increased 10 to 15 times the number prior to December 4,” said Glen Kucera, president at security services firm Allied Universal, which serves more than 80% of Fortune 500 companies U.S....
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