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Financial services secretary asks banks to achieve financial inclusion targets at earliest

by AIP Online Bureau | Jul 20, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

He also reviewed the progress made by banks with special focus on the progress under the ongoing Jan Suraksha campaign of PMJJBY & PMSBY schemes in all the Gram Panchayats of the country being held from April 1 and urged them to ensure achievement of targets of...

Only 27% of $194 bln economic losses from global natural disasters insured in 1H2023: Aon

by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 “Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These...

Swiss Re structures Blackstone’s first indemnity catastrophe bond

by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The transaction is Blackstone’s first indemnity catastrophe bond and covers named storms and earthquakes in the United States and Canada New York: Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked...
Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon

Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon

by AIP Online Bureau | Jul 20, 2023 | Indian News, Life, Non-Life, Technology

The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...

Himachal rains: Economic losses of Rs 4808.79 crore, Death toll reaches 130

by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

As many as 13 people died, including one rescuer, after the landslide occurred at Irshalwadi village in Khalapur tehsil in Maharashtra’s Raigad district, police said Shimla/Mumbai: With five new deaths on Wednesday, the death toll in Himachal Pradesh due to...
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