by AIP Online Bureau | Dec 7, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance
“Most of our transactions today have been either earthquake or hurricane,” said Bennett, referring to insured risks. “I think that will continue to be the largest, but certainly people are thinking about things like drought and flooding” Michael Bennett, head of...
by AIP Online Bureau | Nov 13, 2022 | Eco/Invest/Demography, International News, Policy
David Malpass, Presidnt,World Bank President IMF and World Bank officials say 25% of emerging market and developing economies are in or near debt distress, and the number rises to 60% for low- and middle-income countries. Climate shocks, interest rate increases and...
by AIP Online Bureau | Nov 8, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance
World president David Malpass said announced the new instrument, called the Global Shield Financing Facility, at a meeting with German Chancellor Olaf Scholz, who has spearheaded the effort among G7 members to create a program to give vulnerable countries access to...
by AIP Online Bureau | Oct 14, 2022 | Eco/Invest/Demography, International News
All of the problems that people have taken note of, the inflation problem, the interest rate rises, and the cutoff of capital flows to the developing world hits the poor hard, he said, adding that’s a huge challenge for the bank Washington: World Bank President...
by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, Health, International News, Pandemic
The COVID-19 pandemic marked a historic turning point after decades of poverty reduction, the report said, with 71 million more people living in extreme poverty in 2020. That meant 719 million people – or about 9.3% of the world’s population – were...
