by AIP Online Bureau | May 26, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
“These political attacks are now interfering with insurers’ independent efforts to price climate risk, which will harm policyholders, main street investors and local economies,” a spokesperson for GFANZ, a United Nations-backed coalition of financial...
by AIP Online Bureau | Apr 24, 2023 | Indian News, Life, Non-Life
Tax authorities estimate that 16 insurance companies in all owe the government about Rs 50 billion rupees ($610 million) in unpaid taxes, interest and penalties since July 2017, when India implemented goods and services tax (GST), two sources said NEW DELHI:...
by AIP Online Bureau | Mar 28, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life
“Insurance companies have been one of the key investors in long-maturity bonds,As the penetration and reach of distribution channels increase, we expect that the growth in the sales of the traditional products to continue to grow, and consequently the demand for...
by AIP Online Bureau | Mar 16, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life, Risk Management
Fitch’s sector outlooks for U.S. Life and U.S. P&C are ‘neutral’ Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure to the failed banks...
by AIP Online Bureau | Mar 15, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Regulation, Risk Management
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
