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Munich Re targets growing global energy weather hedges

by AIP Online Bureau | Feb 15, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  ESSEN, Germany: Munich Re is seeing growing demand for weather exposure protection from energy companies and their customers as they roll out more renewable energy installations, which are prone to fluctuations.   Munich Re estimates the annual market at...

DGCA orders probe into Air India’s tail-strike incident

by AIP Online Bureau | Feb 15, 2020 | Indian News, Non-Life

  New Delhi: Even as Air India has hit the London market for its insurance renewal that is due on Apr 1, te country's civil aviation regulator, the Directorate General of Civil Aviation (DGCA) has ordered a probe into an incident involving tail scraping of an...

China cleans, locks away banknotes to stop virus spread

by AIP Online Bureau | Feb 15, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life

  BEIJING: China is disinfecting and isolating used banknotes as part of efforts to stop the spread of the new coronavirus that has killed more than 1,500 people, officials said Saturday.   Banks use ultraviolet light or high temperatures to disinfect yuan...

18 PSBs hit by fraud cases of Rs 1.17 trn in Apr-Dec of FY20

by AIP Online Bureau | Feb 15, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Facts, Intermediaries, Risk Management

Mumbai: A total of 8,926 cases of fraud involving Rs 1.17 trillion hit 18 public sector banks during the first three quarters (April-December) of the current fiscal, a reply to an RTI query has revealed.   The country's largest lender State Bank of India...

Negative interest rates turn saving, borrowing upside down

by AIP Online Bureau | Feb 15, 2020 | Articles, Banking & Bancassurance, Eco/Invest/Demography, Life

  FRANKFURT: Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.   Welcome to the upside-down world of ultra-low and negative interest rates that is...
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