by AIP Online Bureau | Sep 13, 2023 | Eco/Invest/Demography, International News
In addition, the watchdog reduced the risk weighting it assigns to investments in Real Estate Investment Trusts (REITs), which in China channel money mainly into infrastructure projects Beijing: China’s financial regulator on Sunday reduced the risk weighting it...
by AIP Online Bureau | Sep 4, 2023 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
by AIP Online Bureau | Aug 25, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life
insurers are limiting the coverage to those with benchmark disabilities in contravention of the legal framework. Even their websites, apps, and claims processes do not adhere to the accessibility standards mandated by the RPWD Act of 2016. A panel meeting of the...
by AIP Online Bureau | Aug 24, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The war risk premium was increased from around 1% of the cargo’s cost to some 1.20-1.25%, the traders said The increase means every voyage will cost $200,000 per one Suezmax tanker (can carry 120,000-200,000 tonnes) more if Russian oil is delivered to India. The rise...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Attacks by Russian forces on agricultural infrastructure in recent weeks have helped sustain sky-high insurance premiums for ships calling into Ukraine Current market rates for war risk insurance can be anywhere between 3% and 5% of the value of a ship, meaning there...
