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Work-related accidents and diseases increased by 5 per cent compared to 2015: ILO

by AIP Online Bureau | Nov 30, 2023 | Data, Eco/Invest/Demography, Health, Risk Management, Workplace/Employee Benefits

Circulatory diseases, malignant neoplasms and respiratory diseases rank among the top three causes of work-related death Agriculture, construction, forestry and fishing and manufacturing are the most hazardous sectors, accounting for 200,000 fatal injuries per year,...

UBS sees shift in new billionaires away from entrepreneurs to inherited wealth

by AIP Online Bureau | Nov 30, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

“This is a theme we expect to see more of over the next 20 years, as more than 1,000 billionaires pass an estimated $5.2 trillion to their children,” said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management Number of billionaires...

UK health insurance rates to soar on surging claims-industry experts

by AIP Online Bureau | Nov 30, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

British individual and workplace health insurers paid out a record of nearly three billion pounds ($3.74 billion) for claims in 2022, an ABI spokesperson said. Employers are enthusiastic about offering health cover, as delayed treatment can lead to sickness and...

Finance and insurance sector jobs most affected by adoption of AI:UK Report

by AIP Online Bureau | Nov 29, 2023 | International News, Risk Management, Technology

Management consultants were singled out as the occupation most exposed to any of the 10 AI applications included in the study, from image recognition to language modeling or translation. The technology is most likely to transform professional roles such as lawyers,...

First bond to insure against cyber attacks issued

by AIP Online Bureau | Nov 29, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
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