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Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica

Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica

by AIP Online Bureau | Nov 11, 2025 | International News, Non-Life, Reinsurance, Risk Management

Catastrophe insurance backed by catastrophe bonds are part of the World Bank’s Crisis Preparedness and Response toolkit which provides developing countries with an innovative suite of tools to better respond to crises and prepare for future shocks. This includes fast...
Indian cities need $2.4 trillion for climate infrastructure by 2050, World Bank says

Indian cities need $2.4 trillion for climate infrastructure by 2050, World Bank says

by AIP Online Bureau | Jul 23, 2025 | Eco/Invest/Demography, Indian News, Risk Management

The number of Indians living in cities is projected to nearly double to 951 million by 2050 from 480 million in 2020. But erratic rainfall, heatwaves, and rising sea levels are leaving urban areas in the world’s most populous nation increasingly vulnerable, the...
171 million Indians lifted out of poverty in a decade: World Bank

171 million Indians lifted out of poverty in a decade: World Bank

by AIP Online Bureau | Apr 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The five most populous states–Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh–accounted for 65 percent of the country’s extreme poor in 2011-12 and contributed to two-thirds of the overall decline in extreme poverty by...
US Treasury’s Bessent urges IMF, World Bank to refocus on core missions

US Treasury’s Bessent urges IMF, World Bank to refocus on core missions

by AIP Online Bureau | Apr 24, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

“The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability. Now it devotes disproportionate time and resources to work on climate change, gender, and social issues. These issues are not the IMF’s...
Disaster Recovery: Rebuilding Turkiye with resilience

Disaster Recovery: Rebuilding Turkiye with resilience

by AIP Online Bureau | Feb 9, 2025 | Articles, Eco/Invest/Demography, Policy, Risk Management

Shaken by a series of devastating earthquakes,Türkiye has integrated climate adaptation and disaster risk reduction into national development plans and institutional frameworks are being strengthened to enhance preparedness. Nevertheless, urgent action is needed to...
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