by AIP Online Bureau | Jun 23, 2023 | Banking & Bancassurance, International News, Technology
FDIC Chairman Martin Gruenberg said in a speech the spring turmoil in the banking sector showed firms of that size pose a risk to the financial system and merit stricter oversight. Three banks failed during the spring, requiring regulators to step in and backstop...
by AIP Online Bureau | Jun 23, 2023 | International News, Non-Life, Risk Management, Technology
David Lochridge, OceanGate’s director of marine operations, wrote an engineering report in 2018 that said the craft under development needed more testing and that passengers might be endangered when it reached “extreme depths,” according to a lawsuit filed that year...
by AIP Online Bureau | Jun 23, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation
Shaktikanta Das,Governor,Reserve Bank of India “Our job is only half done, having brought inflation within the target band (4-6 per cent). Our fight against inflation is not yet over,” the RBI Governor said at the latest monetary policy meeting held from...
by AIP Online Bureau | Jun 22, 2023 | International News, Life, Non-Life, Policy, Regulation, Reinsurance
The risk margin refers to the potential cost for a failing insurer to transfer its policies to a third party to avoid disruption to customers. “It is considering options to enable reforms to the matching adjustment to come into force by the end of June 2024, and...
by AIP Online Bureau | Jun 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Sherif Zakhary, CEO of Aon’s Strategy and Technology Group, said: “These megatrends each equate to risk and opportunity for the global insurance industry, and so as risk experts we cannot afford to sit on the sidelines and wait for these trends to crystalize. We have...
