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WTW and University of Cambridge launch first ever Airport Risk Index

by AIP Online Bureau | Sep 26, 2022 | International News, Non-Life, Reinsurance, Risk Management, Technology

Ultimately, with the Airport Risk Index framework, airports will be able to reassure governments, regulators, investors, insurers and business partners that they have a renewed understanding of their risks and the necessary mitigation strategies LONDON: WTW and the...

Marine cargo insurance premium rises 8% to $18.9 billion in 2021,improvement in overall loss ratios: IUMI

by AIP Online Bureau | Sep 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Cargo premiums increased in most markets, with China leading the growth in 2021. China now accounts for 14% of the cargo market, with the UK (Lloyd’s of London and the International Underwriting Association) having a 12.2% market share. With 2021 claims starting at a...

India among leaders in green jobs generation, creates employment for 8.63 lakh in 2021

by AIP Online Bureau | Sep 26, 2022 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

In 2020-21, India created 863,000 green jobs, of which 217,000 were in solar photovoltaic vertical and 414,000 in hydropower, a joint report published by International Renewable Energy Agency and the International Labour Organization titled ‘Renewable Energy and...

Piramal, Zurich Insurance mull joint bid for Reliance General Insurance

by AIP Online Bureau | Sep 25, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution process under Insolvency and Bankruptcy Code (IBC). ”The terms of any transaction are subject to negotiations and there can be...

RBI set for fourth straight rate hike to quell inflation, say experts

by AIP Online Bureau | Sep 25, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report ”This Update forecasts the inflation rate averaging 6.7 percent in FY2022 (fiscal ending in March 2023) before moderating to...
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