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Hannover Re profit jumps to EUR 1.06 billion in 2018 despite large losses

by AIP Online Bureau | Mar 7, 2019 | International News, Reinsurance

  Hannover: Hannover Re generated Group net income of EUR 1.06 billion in 2018 as compared to 0.96 billion for the past financial year and thus achieved its profit target.   "The 2018 financial year once again bears witness to the profitability of...

Munich Re’s innovative coverage for battery performance in renewable energy

by AIP Online Bureau | Mar 7, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Munich:  With  innovative Munich Re coverage extended for the renewable energy, battery performance now is insurable.   Munich Re has issued the World’s first long-term insurance for battery performance that  covers manufacturer...

Janaushadhi scheme led to Rs 1,000 crore savings for common people: PM Modi

by AIP Online Bureau | Mar 7, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Prime Minister Narendra Modi on March 7 said the Janaushadhi scheme, under which the government provides quality medicines at affordable rates, has led to savings worth Rs 1,000 crore for common people.   The generic medicines provided by the...

At 30%, India’s youth inactivity highest among emerging mkts: IMF economist

by AIP Online Bureau | Mar 7, 2019 | Eco/Invest/Demography, Facts

  Youth inactivity is the highest in India among emerging and developing economies, IMF senior economist John Bluedorn said on Wednesday.   Bluedorn was speaking on labour market in emerging and developing economies at an event organised by Brookings India....

NGT fines Volkswagen Rs 500 cr for use of cheat device

by AIP Online Bureau | Mar 7, 2019 | Indian News, Risk Management

    New Delhi: The National Green Tribunal Thursday slapped a fine of Rs 500 crore on German auto major Volkswagen for damaging the environment through the use of "cheat device" in its diesel cars in India.   A bench headed by NGT chairperson...
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