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Here is a masonry blog layout with no sidebarLloyd’s appoints Hayley Spink as head of global operations
Amid trade tensions with US, India wants Iran oil sanction waiver extended
Although the United States granted Iran’s biggest oil customers – China, India, Japan, South Korea, Taiwan, Turkey, Italy and Greece – waivers that have allowed them to continue limited imports, Washington is putting pressure on governments to eventually reduce purchases of Iranian oil to zero. The first round of waivers expires around May 4.
World’s biggest sovereign wealth fund to decide on dumping oil
The decision is also important given the fact that the positions taken by the fund — which controls 1.4 percent of global market capitalisation — are closely watched by other investors.In another significant move, the fund has already pulled out of the coal industry, both for environmental and financial reasons.
IRDA prepares stringent norms to check conflict of interest among officials of insurance cos
Government expects 1 crore enrollment for new pension scheme by end March
NGT fines Volkswagen Rs 500 cr for use of cheat device
At 30%, India’s youth inactivity highest among emerging mkts: IMF economist
“Youth inactivity is the highest in India compare to emerging and developing economies and it is about in 30 per cent,” he said, defining the term as young people being neither in school or employed.Bluedorn noted that the key challenges facing youth in emerging economies labour markets include gender gaps, technological change, poor job quality in employment.
Janaushadhi scheme led to Rs 1,000 crore savings for common people: PM Modi
Munich Re’s innovative coverage for battery performance in renewable energy
Peter Röder, Member of the Board of Management at Munich Re: “The ability to insure battery performance is a key piece of the puzzle in decarbonising our energy sector. For the first time, battery manufacturers can insure against the risk of their products not delivering as promised. With this new coverage, Munich Re has again demonstrated its pioneering role in the insurance of climate-friendly technology.”
Hannover Re profit jumps to EUR 1.06 billion in 2018 despite large losses
The combined ratio improved to 96.5% (99.8%) and was thus only marginally higher than the targeted level of 96% or better.
Property and casualty reinsurance was again fiercely competitive in the financial year just ended. Despite a high level of losses, both traditional reinsurers and alternative capital providers in the ILS market continued to make abundant capacities available. Prices and conditions in the property lines, in particular, consequently remained under pressure. Hannover Re was nevertheless able to act on profitable business opportunities in the various rounds of treaty renewals.
83% women, 87% men worried over financial future: S&P report
However, optimism and investment confidence are high, but their continuation is contingent on income security, which, in turn, is far from assured. Thus, 32 percent of the respondents believe that their financial well-being depends on events mostly outside their control, such as economic development, the stock markets, or an unexpected illness.
Amazon-JPMorgan-Berkshire Health-Care Venture to Be Called Haven
Business organisations need to pay up to Rs 20 for using Aadhaar services: UIDAI
“The entities have been incurring a cost of Rs. 150-200 per KYC sans Aadhaar. They have been demanding to use Aadhaar-based authentication and KYC services on account of these being convenient to them and their customers and also the fact that they will save huge amount which they currently incur in doing KYC through traditional means such as paper, physical verification, etc,” an official source told PTI.
Aon partners with insurtech firm on tracking marine risk accumulations
In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation during a catastrophe, said Aon in a statement. As a result, the need to monitor vessel movement and estimate cargo accumulation has become a critical part of exposure management and risk selection.
IRDAI pulls up insurers for non- compliance of Insurance Ombudsman awards
IRDA has no plans to dismantle motor 3rd party tariff regime:Khuntia
When asked about any possibility of removing the third party motor segment from tariff regime S C Khuntia, Chairman, IRDAI, on the sidelines of the 20th Global Conference of Actuaries, said, “Often general insurers complain us that tariff was not adequate and they are bleeding due to the loss making portfolio.. However, if it is detariffed, a cut- throat competition will begin. We are looking at various options on the issue.’’