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IRDA raises investment limit of insurers in financial sector companies to 30% from 25%

by AIP Online Bureau | Apr 29, 2022 | Eco/Invest/Demography, Indian News, Regulation

`The new higher limit will allow insurers to invest larger amount of money in safe instruments of other financial sector companies including insurance companies and improve their returns,” said industry sources Hyderabad: In a bid to boost investment income for...

Heat wave scorches India’s wheat crop, snags export plans

by AIP Online Bureau | Apr 29, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News

The heat in March — the hottest in India since records first started being kept in 1901 — that stunted crops. Wheat is very sensitive to heat, especially during the final stage when its kernels mature and ripen Climate change has made India’s heat wave hotter, said...
Climate change: 4% of global GDP could be lost by 2050, Indian subcontinent to be badly hit

Climate change: 4% of global GDP could be lost by 2050, Indian subcontinent to be badly hit

by AIP Online Bureau | Apr 29, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Bangladesh, India, Pakistan and Sri Lanka’s exposure to wildfires, floods, major storms and also water shortages mean South Asia has 10%-18% of GDP at risk, roughly treble that of North America and 10 times more than the least-affected region, Europe Climate...

Record global InsurTech funding of $15.8 billion in 2021:Report

by AIP Online Bureau | Apr 29, 2022 | International News, Life, Non-Life, Technology

By the end of 2021, an enormous $41.65 billion had been invested globally into InsurTechs across 2,249 deals in 63 countries. It included 99 mega-round deals, which accounted for $21.88 billion of the total. Therefore, more than half of all the investment (52%)...
GIC Pte, ADIA and Norway Sovereign Wealth Fund to be anchor investors in LIC IPO

GIC Pte, ADIA and Norway Sovereign Wealth Fund to be anchor investors in LIC IPO

by AIP Online Bureau | Apr 29, 2022 | Indian News, Life, Workplace/Employee Benefits

The LIC IPO aims to raise as much as Rs 210 billion ($2.7 billion) by pricing shares between 902 rupees to Rs 949 rupees each. Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the...
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