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Govt aims to raise health services expenditure to 2.5% of GDP by 2025

by AIP Online Bureau | Jul 2, 2019 | Eco/Invest/Demography, Health, Indian News, Non-Life

  New Delhi: The government's expenditure on health services has increased continuously over the years and the target is to raise it to 2.5 per cent of the country's GDP by 2025, Health Minister Harsh Vardhan told the Rajya Sabha Tuesday.   In reply...

Chubb recognises climate change reality,pulls back from coal

by AIP Online Bureau | Jul 2, 2019 | Climate, Environment, Renewable Energy, International News, Non-Life

  ZURICH:  Chubb Limited today announced that it has adopted a new policy concerning coal-related underwriting and investment.  With the new policy, the company will no longer underwrite the construction and operation of new coal-fired plants or new...

FWD buys Thai insurance unit for $3 billion, in top SE Asian sector deal

by AIP Online Bureau | Jul 2, 2019 | International News, Life

BANGKOK:  FWD Group is acquiring the life insurance business of Thailand’s Siam Commercial Bank (SCB) (SCB.BK) for 92.7 billion baht ($3 billion) in Southeast Asia’s biggest insurance M&A deal, broadening a rapid Asian expansion by the Hong...

First blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka

by AIP Online Bureau | Jul 2, 2019 | Eco/Invest/Demography, International News, Non-Life, Technology

  LONDON:  Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the InsurTech startup developing a protocol...

DGCA issues safety directions after incidents of planes overshooting runways

by AIP Online Bureau | Jul 2, 2019 | Indian News, Risk Management

Indian aviation regulator DGCA Tuesday issued safety directions to airlines in the wake of multiple incidents of planes overshooting runways while operating amidst bad weather conditions.   In a circular, the DGCA said, "Aircraft operations during monsoon...
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