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World Bank raises GBP 1.5 billion in 5-year sustainable development bond

by AIP Online Bureau | Jan 6, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

According to the World Bank, this Sustainable Development Bond aims to generate GBP 1.5 billion from investors, contributing to the financing of the World Bank’s initiatives for sustainable development solutions in its member countries London: The World Bank,...
GIFT City grants  its first approval to Azim Premji’s family office to invest its capital overseas

GIFT City grants its first approval to Azim Premji’s family office to invest its capital overseas

by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Azim Premji, non-executive member of the board and founder chairman of Wipro Dozens of applications for family investment fund that allow families to make investments across various asset classes and instruments offshore, are still pending with GIFT City authorties,...

General insurance industry’s premium rises 15% to Rs 25k in Dec 2023

by AIP Online Bureau | Jan 5, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life

In a move that supported the growth of the industry, New India Assurance(NIA), the country’s largest general insurer, after lying low with a single digit growth for the last few quarters, has expanded its topline by 14.47 per cent to Rs 4,070 crore in the month...

APAC sovereigns exposed to flooding risks, have limited capacity to adapt: Fitch

by AIP Online Bureau | Jan 5, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

In South Asia, Bangladesh is the most prone to the risk of flooding. The materialisation of climate risks in these regions could lead to high economic losses. The cost of relocation from flood-prone areas and rebuilding following floods could be high, leading to...

India providing security escort for container ships around Red Sea

by AIP Online Bureau | Jan 5, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Risk Management

Containers could face delays of 14 days in their turnaround time due to the longer route which is also causing higher transport and insurance costs, the source, who spoke on condition of anonymity, added New Delhi: India’s defence ministry is providing...
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