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China revises company law to tighten capital contribution rules

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Google settles $5 billion consumer privacy lawsuit

Google settles $5 billion consumer privacy lawsuit

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The plaintiffs alleged that Google’s analytics, cookies and apps let the Alphabet unit track their activity even when they set Google’s Chrome browser to “Incognito” mode and other browsers to “private” browsing mode Alphabet’s Google has agreed to settle a lawsuit...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter

Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
Risk Report: Building Risk Culture for India Inc

Risk Report: Building Risk Culture for India Inc

by AIP Online Bureau | Dec 29, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits

Sanjeev Mantri, MD & CEO, ICICI General Insurance Profound urgency of Climate Change continues to be undervalued among India Inc. Only Energy and Utilities, Hospitality, Infrastructure and Real Estate and FMCG sectors identified Climate Change and Natural...
World population to top 8 billion by January 1,adds 75 million this year

World population to top 8 billion by January 1,adds 75 million this year

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News

The worldwide growth rate in the past year was just under 1 per cent. At the start of 2024, 4.3 births and two deaths are expected worldwide every second, according to the Census Bureau figures Washington: The world population grew by 75 million people over the past...
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