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Munich Re lifts target as lower-than-expected claims fuel profit

Munich Re lifts target as lower-than-expected claims fuel profit

by AIP Online Bureau | Oct 24, 2023 | International News, Non-Life, Reinsurance

Chief Executive Officer Joachim Wenning is in the midst of a five-year strategic plan that calls for earnings per share to increase at least 5% per year on average. He has shown willingness to discontinue businesses that no longer meet expectations in terms of prices...
India to surpass Japan to become 2nd largest eco in Asia by 2030: S&P Global

India to surpass Japan to become 2nd largest eco in Asia by 2030: S&P Global

by AIP Online Bureau | Oct 24, 2023 | Eco/Invest/Demography, Indian News, Policy

India’s nominal GDP measured in USD terms is forecast to rise from USD 3.5 trillion in 2022 to USD 7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding Japanese GDP by 2030, making India the second largest...

World far off track on pledges to end deforestation by 2030 – report

by AIP Online Bureau | Oct 24, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

Deforestation increased by 4% worldwide in 2022 compared with 2021, as some 66,000 square kilometers (25,000 square miles) were destroyed, the annual Forest Declaration Assessment report said. That means the world is 21% off track to end deforestation by 2030. The...
China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact

China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact

by AIP Online Bureau | Oct 23, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The problem is an embarrassment for Beijing and is discouraging ordinary Chinese from traveling to Southeast Asia out of fear they might be duped or kidnapped and caught up in a cyber scam operation. In recent years, media reports have uncovered instances of young...

Cyber experts express concern about data security in India

by AIP Online Bureau | Oct 23, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Digital Personal Data Protection (DPDP) Act, 2023 has instilled more confidence among multi-national corporations (MNCs), though they have been concerned about security in India, Businesses are always shy about sharing information that is critical for protecting...
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