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Faster than the virus’: India’s financial hub gears up for a third COVID-19 wave

by AIP Online Bureau | May 21, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  Mumbai: India's crowded financial hub Mumbai won plaudits this year for tackling the second wave of the pandemic better than any other metropolis in the country – and it is gearing up to get ahead of a potential third wave that experts fear could...

Peak Re’s net profit rises 150% to $87.1 million in 2020,combined ratio at 97.6%

by AIP Online Bureau | May 21, 2021 | International News, Non-Life, Reinsurance

  Hong Kong:  Despite the headwinds of a pandemic and an economic recession, Hong Kong-based global reinsurer Peak Re has seen its net profit rising by almost 150 per cent year on year(Y-o-Y) to USD87.1 million, from USD 34.9 million in 2019. The...

COVID-19 Pandemic intensifies risk in GCC countries:AM Best

by AIP Online Bureau | May 21, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance

  OLDWICK, N.J Countries in the Gulf Cooperation Council (GCC) region were hit particularly hard during 2020 as they faced the dual economic shocks of commodity price declines and slowdowns in domestic activity stemming from the COVID-19 pandemic. According to a...

NOAA predicts another active Atlantic hurricane season

by AIP Online Bureau | May 21, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Washington: NOAA’s Climate Prediction Center is predicting another above-normal Atlantic hurricane season. Forecasters predict a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a 10% chance of a below-normal season....

Internet upgrade breathes new life into rural areas, new UN report finds

by AIP Online Bureau | May 21, 2021 | Eco/Invest/Demography, Facts, Health, Technology

Although the COVID-19 pandemic threatens to stall progress made for rural populations, the report argues that the crisis has also revealed how new technologies can help end the urban-rural divide. UN Secretary-General António Guterres said new technologies have...
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