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Epidemic & Pandemic insurance contracts less ambiguous in Asia:Peak Re CEO

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

  London: Franz-Josef Hahn, chief executive officer, Peak Re, said that the wording in pandemic insurance contracts written in Asia Pacific were often tighter than in more developed markets due to the region’s additional experience with contagious...

Arctic headache for ship insurers as routes open up

by AIP Online Bureau | Oct 27, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Arctic headache for ship insurers as routes open upArctic headache for ship insurers as routes open upDouble the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don’t lose concentration and miss a mass of floating ice....

EU warns not enough COVID vaccines for all in Europe until 2022

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  BRUSSELS: Only part of the European Union population can be inoculated against the new coronavirus before 2022, EU officials said in an internal meeting, as the vaccines the bloc is securing may not prove effective or may not be manufactured in sufficient...

Delhi nearing third peak, situation worrisome in WB, Kerala: NITI Aayog

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi: While the spread of Covid-19 in the country seems to be stabilising for now, two states and an Union Territory (UT) have remained a matter of concern for the Centre. NITI Aayog (health) member and head of the national task force for Covid-19, V.K. Paul,...

ICICI Pru Life net profit marginally up at Rs 303 crore in Q2FY 2020-21

by AIP Online Bureau | Oct 27, 2020 | Indian News, Life

  Mumbai: ICICI Prudential Life Insurance on Tuesday reported a marginal rise in net profit at Rs 303 crore for September quarter of the current fiscal year. The life insurer had posted a net profit of Rs 302 crore during the similar period a year ago. Total...
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