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World Bank eyes first ‘drought’ bond in next 12-18 months

by AIP Online Bureau | Jul 18, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Risk Management

“We would love to do something in the drought space, that is something we are working on,” said George Richardson, director of the capital markets and investment department at the World Bank Treasury told Reuters, adding this would be most likely focussed on Africa...

Railways to monitor untoward incidents in real time to check fraudulent claims

by AIP Online Bureau | Jul 18, 2024 | Indian News, Non-Life, Policy, Risk Management, Technology

The board acted after it came to light that there were delays in fulfilling formalities related to cases of Man Run Over (MRO) by trains and other untoward incidents, due to which fraudulent cases were lodged at the Railway Claims Tribunal (RCT), making it pay a heavy...

Livestock census to start in September Punjab Minister

by AIP Online Bureau | Jul 18, 2024 | Data, Eco/Invest/Demography, Policy, Technology

This will be the first time that pet dogs and cats will also be counted and .This is also the first time that cattle at ‘gaushalas’ and cattle being reared by nomadic tribes will be counted separatel Chandigarh:Punjab Animal Husbandry minister Gurmeet...

LIC ties up with IDFC First Bank for bancassurance

by AIP Online Bureau | Jul 17, 2024 | Banking & Bancassurance, Life

LIC has tied-up with IDFC First Bank, under corporate agency arrangement. This tie-up will facilitate more than 1 crore customers of IDFC First Bank who will now be able to buy LIC policies through the bank. The partnership will have a combined strength of a vast...

ASPEN launches data labs to drive business’ data and artificial intelligence agenda

by AIP Online Bureau | Jul 17, 2024 | International News, Non-Life, Reinsurance, Technology

Christian Dunleavy, Group Chief Underwriting Officer, said: “Technology, and increasingly the potential of AI, is vital to our strategy. Aspen Data Labs will be instrumental in enhancing our decision support systems to bring solutions that improve our operations...
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