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26.66 million people affected by floods in 2020; 1,365 lives lost: Union minister Shekhawat

by AIP Online Bureau | Jul 21, 2022 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance

Responding to a question in Lok Sabha, Jal Shakti Minister Gajendra Singh Shekhawat said Rs 21,190 crore of total damage of crops, houses and public utilities has been recorded in 2020 New Delhi: As many as 26.66 million people were affected by floods in the country...
India witnessed 36.29 lakh cyber security incidents since 2019 till Jun this year: Govt

India witnessed 36.29 lakh cyber security incidents since 2019 till Jun this year: Govt

by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

The government is operating an automated cyber threat exchange platform for proactively collecting, analyzing, and sharing tailored alerts with organizations across sectors for proactive threat mitigation actions by them, Union minister Ajay Kumar Mishra said New...

Russia defaults on LNG supplies to India

by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Indian News

Moscow has in recent months imposed sanctions on 31 companies, including the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of Gazprom New Delhi: Russia has defaulted on the supply of at least 5...

3 emergency landings of international airlines in India in last 48 hours

by AIP Online Bureau | Jul 17, 2022 | International News, Non-Life, Reinsurance

“We had two emergency landings of foreign operators on Saturday. Air Arabia at Cochin due to hydraulic issues and Ethiopian at Kolkata due to pressurisation issue,” said an official In a third similar incident, on July 15, an aircraft of SriLankan airlines...
With 9% growth, India will be the 6th largest insurance market globally in 10 yrs: Swiss Re report

With 9% growth, India will be the 6th largest insurance market globally in 10 yrs: Swiss Re report

by AIP Online Bureau | Jul 14, 2022 | Indian News, Life, Non-Life, Reinsurance

“We forecast that premiums will grow by an average 9% per annum (in real terms) over the next decade, stronger than the 7.5% annual average of 2015–2021. At this rate, India will be the 6th largest insurance market in the world by 2032, ahead of Germany, Canada,...
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