by AIP Online Bureau | Sep 15, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance
Vishwajeet Kadam The Indian Surety insurance business will assist in developing an alternative to bank guarantees for construction projects. This shall enable the efficient use of working capital and reduce the requirement of collateral to be provided by...
by AIP Online Bureau | Sep 15, 2022 | International News, Non-Life, Policy, Regulation, Reinsurance, Technology, Workplace/Employee Benefits
New rules from the European Commission called the Cyber Resilience Act, set to become public next week, are aimed at improving the security of devices in the face of surging online attacks across the globe. Damages from software and hardware cybercrime amounted to...
by AIP Online Bureau | Sep 15, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Life
“We have been at it for quite some time. It is also a first of its kind transaction where through a bidding route we will be privatising a bank. Both government and LIC put together hold 94 per cent in IDBI Bank,” he said while addressing ‘FICCI...
by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
A consequent rise in interest rates to combat inflation contributed to a loss of £1.8 billion in the first six months of the year at Lloyd’s, Neal said. The decline in profit was attributed to a net investment loss of £3.1 billion from unrealized mark-to-market...
by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic
“We are not there yet. But the end is in sight,” WHO Director-General Tedros Adhanom Ghebreyesus told reporters at a virtual press conference. Deaths from COVID-19 last week were the lowest since March 2020, the U.N. agency reported The world has never...
