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Nipah virus resurfaces in India’s Kerala after killing 17 last year

by AIP Online Bureau | Jun 4, 2019 | Eco/Invest/Demography, Health, Indian News

  NEW DELHI: The deadly brain-damaging Nipah virus has resurfaced in the southern Indian state of Kerala a year after it killed 17 people, state officials said on Tuesday. A 23-year-old student tested positive for the virus, which is transmitted to humans through...

APAC remains top shipping loss region despite lowest loss figures globally this century:Allianz

by AIP Online Bureau | Jun 3, 2019 | International News

  Singapore: Asia Pacific waters remain the top shipping loss region, accounting for 45 per cent of losses globally in 2018, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes...

SCOR raises $ 250 mn of Cat Bond 

by AIP Online Bureau | Jun 3, 2019 | Disaster & Management, International News, Reinsurance

  Paris: SCOR has successfully sponsored a new catastrophe bond (“cat bond”), Atlas Capital UK 2019 PLC, which will provide the Group with multi-year risk transfer capacity of USD 250 million to protect itself against named storms in the U.S.,...

Ship insurers ‘already charging’ war risk premium around Fujairah post-sabotage attacks

by AIP Online Bureau | Jun 3, 2019 | International News, Non-Life, Reinsurance, Risk Management

  Singapore: Shipping and maritime insurers have already started charging war risk premiums in the waters around the Middle East bunkering hub of Fujairah after the insurance coverage area was expanded to include the Persian Gulf and the Gulf of Oman, according...

Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

by AIP Online Bureau | Jun 3, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

NEW DELHI: Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India has said.    A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, it...
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