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Coronavirus fears drive up credit risk for Gulf crude exporters

by AIP Online Bureau | Feb 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region.   Conventional spreads on the five-year credit default swaps...

G Srinivasan panel to examine if life insurers can sell indemnity based health products

by AIP Online Bureau | Feb 25, 2020 | Eco/Invest/Demography, Health, Indian News, Life, Regulation

Hyderabad: The insurance regulator IRDAI on Tuesday has formed a panel under G. Srinivasan, director, National Insurance Academy(NIA), to examine whether life insurers should be allowed sell indemnity based health insurance products. MR Kumar, chairman,Life Insurance...

Ensure benefits of tech are available to everyone: Nadella to developers

by AIP Online Bureau | Feb 25, 2020 | Eco/Invest/Demography, Indian News, Technology

  Bangalore:  Microsoft CEO Satya Nadella on Tuesday said developers should focus on ethics and building trust when developing solutions to ensure that the benefits of technology are available for everyone. The India-born top executive also highlighted that...

WHO warns of pandemic risk after coronavirus peaks in China

by AIP Online Bureau | Feb 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Geneva: The new coronavirus has peaked in China but could still grow into a pandemic, the World Health Organization has warned, as infections mushroom in other countries.   Financial markets have gone into a tail-spin after grim news of deaths and...

US expands its reinsurance program,transfers $400 mn in flood risk to capital markets

by AIP Online Bureau | Feb 25, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  Washington: The Federal Emergency Management Agency (FEMA) of USA has continued to engage reinsurance markets to help strengthen the financial framework of the National Flood Insurance Program and promote private sector participation in flood-risk...
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