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Global banking regulators agree to prioritise climate risk work

Global banking regulators agree to prioritise climate risk work

by AIP Online Bureau | May 13, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, International News, Policy, Regulation, Risk Management

The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
UnitedHealth CEO steps down; suspends 2025 outlook on higher medical costs

UnitedHealth CEO steps down; suspends 2025 outlook on higher medical costs

by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Health, International News, Policy, Risk Management

Andrew Witty, CEO ,UnitedHealth UnitedHealthcare is the US’ largest provider of Medicare Advantage plans, with more than 8 million customers. Those are privately run versions of the federal government coverage programme mostly for people ages 65 and older....

Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal

by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, International News, Risk Management

Still, threat levels for shipping remained high given the Houthis’ confirmation that Israeli-related assets remained open to attack and the attendant risks to broader shipping, maritime officials said. Ships with no connection to Israel had been targeted in the...
Trade War: Container liners sever US-China shipping routes across the Pacific

Trade War: Container liners sever US-China shipping routes across the Pacific

by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

As a result, fees are plunging. The cost of shipping a 40-foot box from Shanghai to Los Angeles — port nodes on either side of the Pacific — hit the lowest since 2023 in late March, according to the data from Drewry Shipping Consultants, a maritime advisory firm. A...
US insurers pulling ahead in AI investment, strategy execution

US insurers pulling ahead in AI investment, strategy execution

by AIP Online Bureau | May 4, 2025 | Data, Eco/Invest/Demography, Policy, Regulation, Technology

One thing is certain, AI is not just a technical investment, it’s a strategic business priority for insurers. It demands leadership, cultural alignment, and organisational agility – areas where the US seems to be leading the way right now LONDON: New research...
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