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China’s EV boom saddles its auto insurers with large losses

China’s EV boom saddles its auto insurers with large losses

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Despite EV drivers paying anywhere from 20% higher to double the premiums for traditional cars, China’s auto insurers have been nursing losses from covering new energy vehicles for at least three years. The industry lost 5.7 billion yuan ($802 million) from...

Super Typhoon Ragasa barrels through northern Philippines, triggers alerts across Asian region

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160 mph), Ragasa slightly intensified as it brushed Babuyan Island and headed for possible landfall over Calayan Island, raising the risk of storm surges exceeding three metres (nine feet), the state...
US calls on G7, EU to impose tariffs on China, India over Russian oil purchases

US calls on G7, EU to impose tariffs on China, India over Russian oil purchases

by AIP Online Bureau | Sep 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

A U.S. Treasury spokesperson called on G7 and European Union allies to impose “meaningful tariffs” on goods from China and India to pressure them to halt their purchases of Russian oil WASHINGTON: Group of Seven nations’ finance ministers discussed...

China’s blistering heat leaves workers exposed as gig economy booms

by AIP Online Bureau | Jul 9, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News

Almost half of China’s platform workers don’t have any social insurance coverage, and fewer than a third of the total working population have insurance for work-related injuries, research shows. On a scorching morning in Beijing, Hao and a dozen other food delivery...

China economy to top $19.5 trillion this year, says state planner

by AIP Online Bureau | Jul 9, 2025 | Eco/Invest/Demography, International News, Policy

Zheng Shanjie, chair of the National Development and Reform Commission highlighted progress made under the 2021–2025 five-year plan, which focuses on key priorities such as economic development, technological innovation, green transformation, and improvements in...
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