by AIP Online Bureau | Nov 25, 2020 | Disaster & Management, Eco/Invest/Demography, Indian News
New Delhi: The Chennai international airport has been closed till 7 AM on Thursday amid bad weather conditions caused by Cyclone Nivar, the Civil Aviation Ministry said. Gusty winds and rains lashed parts of Tamil Nadu on Wednesday, leaving several areas inundated....
by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on Wednesday. SCOR, one of the world’s largest reinsurers, has...
by AIP Online Bureau | Nov 25, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life
AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The Hong Kong-based insurer said it decided to end all direct equity investments in coal mining and coal-fired power producers...
by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Risk Management, Technology
LONDON : Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech firms are expected to offer insurance, helped by the impact...
by AIP Online Bureau | Nov 25, 2020 | Eco/Invest/Demography, Indian News
NEW DELHI: The Indian cabinet on Wednesday approved a capital infusion of 60 billion rupees ($812 million) by the government in the National Investment and Infrastructure Fund (NIIF), a quasi sovereign wealth fund, over the next two years, a minister said. The...
