by AIP Online Bureau | May 10, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
But current proposals will nevertheless make life considerably harder for Moscow, assuming they are adopted. The ban on providing insurance would span the vast majority of the global fleet of oil tankers seeking to transport Russian barrels Tanker companies insure...
by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Aircraft lessors have been caught up in the international response to Russia’s invasion of Ukraine. The Kremlin has blocked the repossession of planes as required by sanctions, stranding roughly 400 jets that had been leased to Russian companies. The Middle East’s...
by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, International News, Policy
The bloc is proposing to ban European vessels and companies from providing services — including insurance — linked to the transportation of Russian oil and products globally as part of its new sanctions package, according to officials and a draft document seen by...
by AIP Online Bureau | Apr 13, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“On average, the world’s poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance,” says UNDP Administrator, Achim Steiner “This new partnership with Generali will allow UNDP to...
by AIP Online Bureau | Apr 12, 2022 | Health, Indian News, Life, Non-Life, Reinsurance
Debasish Panda, chairman,IRDAI “All the regulated entities are requested to make use of this initiative to interact with the chairperson, whole-time members and senior officials of IRDAI and offer pragmatic solutions to reduce significant insurance penetration...
