by AIP Online Bureau | Sep 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The cap would rely heavily on denying London-brokered shipping insurance, which covers about 95% of the world’s tanker fleet, and finance to cargoes priced above the cap. But analysts say that alternatives can be found to circumvent the cap and market forces could...
by AIP Online Bureau | Sep 2, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance
This year heavy rains have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India, while drought has put farmers’ harvests at risk across Europe Insured losses from floods doubled to $80 billion globally...
by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic
In a recent survey, YouGov asked consumers across 18 markets in which areas would they first make cutbacks if their household budget is squeezed due to increase in cost of living. Over a tenth (13%) of global consumers answered insurance policies or premiums The...
by AIP Online Bureau | Jul 27, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News
Steve Bowen, managing director and head of Catastrophe Insight for Aon’s Impact Forecasting team, said: “The continued effects of La Niña conditions, amplified by climate change’s influence on global weather patterns, not only increased volatility and intensified many...
by AIP Online Bureau | Jul 25, 2022 | Indian News, Non-Life, Regulation
”To give more thrust to our space programme, we need to target much more lenient insurance policies where the government can come forward and help out in a bigger way than what is done in other countries,” Pawan Kumar Chandana, CEO of Skyroot Aerospace,...
