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Few Hong Kong firms have riot insurance so they’ll be paying for protest damages

by AIP Online Bureau | Oct 22, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  Hong Kong: Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders...

Half the world’s banks are too weak to survive a downturn: McKinsey

by AIP Online Bureau | Oct 22, 2019 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management

  More than half of the world’s banks are too weak to survive a downturn, according to a survey from consultancy McKinsey & Co.   A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace...

Aviation security regulator to soon issue norms on countering rogue drones

by AIP Online Bureau | Oct 22, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: Aviation security regulator BCAS will issue anti-drone regulations within a week to counter any rogue drones in the country, a senior official said on Tuesday.   Deputy Director General in the Bureau of Civil Aviation Security (BCAS) Maheshwar...

Number of ‘unicorn’ startups in China exceeds US number for first time

by AIP Online Bureau | Oct 21, 2019 | Eco/Invest/Demography, Technology

  China now has more privately-held start-ups valued by investors at over $1 billion than the US, a report said Monday.   There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups — known as "unicorns" — in June...

Munich Re invests heavily in data analytics & artificial intelligence:Doris Höpke

by AIP Online Bureau | Oct 21, 2019 | International News, Reinsurance, Risk Management, Technology

  Baden Baden:  New technologies and the ability to process large amounts of data are revolutionising the value chains across entire industries – including in insurance, said Doris Höpke, member of the Board of Management of Munich Re. . Nowadays,...
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