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IRDAI forms committee to review corporate governance guidelines for Indian insurers 

by AIP Online Bureau | Mar 19, 2020 | Eco/Invest/Demography, Indian News, Regulation

  Hydearbad: IRDAI  has formed a committee on Thursday under Praveen Kutumbe, member(Finance & Investment) to review the existing guidelines on corporate governance guidelines for insurance companies and to make it more effective and robust,...

COVID-19: How many people will die?

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  Paris: Though scientists are still scrambling to understand new coronavirus and its likely impact, experts are warning it could kill millions globally unless widespread and prolonged social distancing measures are adopted.   While models predicting new...

Lloyd’s to close its underwriting room from today,asks market insurers to provide estimates for coronavirus losses

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  London: The Lloyd's of London has announced that its Underwriting Room in London will be closed with effect from 16:00GMT 19 March in line with UK Government advice to avoid all non-essential contact.    “Following our successful resilience...

EU insurers must preserve capital positions as Coronavirus crisis escalates: Watchdog

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Regulation

  Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog said.   “Insurers are likely...

About 25 mn jobs could be lost worldwide due to coronavirus: UN

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  United Nations: Nearly 25 million jobs could be lost worldwide due to the coronavirus pandemic, but an internationally coordinated policy response can help lower the impact on global unemployment, according to a UN agency.   In its preliminary assessment...
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