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Hannover Re partners with Stone Ridge in first cyber risks transfer to the capital markets
"For the first time, we were able to transfer cyber risks to the capital markets, and on a substantial scale, through a proportional reinsurance solution. This underscores our lead role as a bridge builder between the capital markets and the insurance industry," said...
Health records of over 10 crore linked digitally to Ayushman Bharat Health Account
With their health records linked to their ABHA accounts digitally, citizens will be able to access and manage these records as per their convenience. It will enables citizens to create a comprehensive medical history across various healthcare providers thereby...
Inflation may be past peak but cost of living crisis far from over Experts
Giving the perspective from business, Unilever CEO Alan Jope said the "fragmentation of supply chains is frankly another inflationary pressure in this economy" and warned more generally of the dangers of inequality Davos: Inflation is likely to have reached its peak...
India’s population may have already overtaken China’s, analysts
India's population stood at 1.417 billion as of end 2022, according to estimates from the World Population Review, an independent organization focused on census and demographics.That’s a little over 5 million more than the 1.412 billion reported by China Tuesday when...
FSIB selects RR Singh as CMD of OIC
Rashmi Raman Singh, general manager and director, Oriental Insurance Company The next round of vacancies of CMDs in the PSU general insurance companies, during the year, will be happening when Suchita Gupta will be calling it a day at National Insurance Company(NIC)...
Budget-2023-24:Centre may plan rate changes in new income tax structure
While the new optional income tax scheme - announced in 2020 to make tax compliance simpler - offers lower headline taxation rates on annual income, experts say it is unattractive to many as it does not allow exemptions on housing rentals and insurance among other...
FSIB to interview 5 sr officials today for selecting CMD of OIC
The officials, who are appearing for the interview to be held on Tuesday afternoon are- N Ramaswamy, general manager, GIC Re, Rashmi Raman Singh, director OIC, M Rajeswari Singh, director, United India Insurance, BS Rahul, general manger, Agriculture Insurance...
Green Bonds purchase by insurers to be treated as infrastructure investments: IRDAI
The regulator, in a circular dated Jan. 13, said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios as well as "from the perspective of participation in environmental, social and governance (ESG)...
China’s GDP sinks to three per cent in 2022, second lowest in 50 years
Significantly this year, China's GDP in terms of dollars declined from USD 18 trillion in 2021 to USD 17.94 trillion last year mainly due to a sharp rise of the dollar against RMB (the Chinese currency) in 2022 The slow pace was blamed mainly on the strictly...
China’s population shrinks for the first time since 1961
The country had 1.41175 billion people at at the end of 2022, compared with 1.41260 billion a year earlier, China's National Bureau of Statistics said Men also continued to outnumber women by 722.06 million to 689.69 million, the bureau said, a result of the strict...
Economic slowdown will leave workers poor and unemployed, says UN
As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labour Organization said, while unemployment around the world is set to rise Global unemployment is projected to reach 208 million people this...
Swiss Re appoints Velina Peneva as Group Chief Investment Officer
Velina Peneva is currently Co-Head Client Solutions & Analytics in Swiss Re's Asset Management. Previously, she headed Swiss Re's private equity investment mandate Zurich: Swiss Re announced today the appointment of Velina Peneva as Group Chief Investment Officer...
Globally, wildfires cost $50 bn every year; AI can help fight them: WEF
World Economic Forum said that global wildfires in 2021 released an estimated 6,450 mega tonnes of CO2 into the atmosphere Sensors with in-built AI can collect acoustic information or operate as smoke detectors in forests and alert authorities within the first hour of...
Nepal finds Black Boxes of aircraft after deadliest crash in 30 Years
The data on the recorders may help investigators determine what caused the Yeti Airlines ATR 72 aircraft, carrying 72 people, to go down in clear weather on Sunday just before landing in the tourist city of Pokhara The plane, on a scheduled flight from Kathmandu to...
EU plans law forcing companies to prove green claims are real – draft
The draft rules would cover all products and services sold in the EU, unless they are covered by comparable EU rules. "Green" investment products are already regulated the EU's taxonomy, a controversial labelling system facing legal challenges from the Austrian...
Global jobs growth will halve in challenging 2023: ILO
The number of unemployed people in the world is expected to rise by 3 million to 208 million in 2023, while inflation will eat into real wages, the ILO said in a report on global trends "As prices rise faster than nominal labour incomes, the cost-of-living crisis...
India Inc may dole out 9.8 pc salary hike in 2023: Survey
To stay ahead, most businesses will need to transform their workforce to meet these demands. Further, 60 per cent of the organizations in the survey indicated that they have adopted some kind of a hybrid model. New Delhi: India Inc is likely to see an average salary...
Mutual funds’ SIP collection jumps 31 pc to Rs 1.5 lakh cr in 2022 on higher retail participation
The 42-player mutual fund industry mainly depends on SIPs for inflows, with equity mutual funds attracting Rs 1.6 lakh crore in 2022, way higher than Rs 96,700 crore seen in 2021 The consistent monthly increase in SIP flows have helped the industry to add Rs 2.2 lakh...