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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...
MS Amlin strengthens Asian reinsurance offering with Phoenix 3 Re launch
Phoenix 3 Re has secured over USD45m of collateralised capacity, more than its predecessors Phoenix 1 Re and Phoenix 2 Re. Alongside an increased underwriting risk appetite, this gives MS AAP close to USD83m of capacity through its Phoenix vehicles, to support local...
India may become the sixth largest insurance market in the world by 2032: Swiss Re Report
India will become the sixth largest insurance market in the world in terms of premium volume by 2032, up from 10th largest in 2021 Life insurance profitability in India to benefit from rising interest rates. Pandemic-related claims continued to impact life insurers’...
Maha: Tribunal awards Rs 12.96 lakh compensation to woman for son’s death in road accident
The MACT awarded a compensation of Rs 12.96 lakh to the deceased's mother, including Rs 8.64 lakh towards the loss of income, Rs 3.45 lakh for future prospects, Rs 16,500 towards loss of estate, Rs 44,000 for loss of filial consortium, Rs 16,500 for funeral expenses...
Centre to enhance disaster fund for Himachal Pradesh: CM Sukhu
Sukhvinder Singh Sukhu,Chief Minister, Himachal Pradesh The Chief Minister said that these radars will be able to forecast heavy rain, thunderstorm and hailstorm within 100 kilometer radius in all directions, especially for short-range forecasting and will be helpful...
Centre earmarks Rs 2,000 crore to encourage states to scrap old vehicles
Incentive for scrapping of old vehicles has been added to the scheme and an amount of Rs 2,000 crore has been earmarked for scrapping state government vehicles which are older than 15 years, waiver of liabilities on old vehicles and providing tax concessions to...
India’s richest 1% own more than 40% of total wealth: Oxfam
Since the pandemic begun to Nov 2022, billionaires in India have seen their wealth surge by 121 per cent or Rs 3,608 crore per day in real terms, Oxfam said On the other hand, approximately 64 per cent of the total Rs 14.83 lakh crore in Goods and Services Tax (GST)...
Networth of richest-1% double of rest of world: Oxfam
During the past decade, the richest 1 per cent had captured around half of all new wealth, it added, while noting that extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. ''Women and girls often eat least and last, and make...
Support from others in stressful times can ease impact of genetic depression risk: Study
Compared to individuals in the study who had low depression polygenic risk scores, the doctors and widows with higher risk scores had higher rates of depression after they lost social support, but also had lower rates of depression when they gained social support...
Study suggests strong social connections help to improve health
The study also found that having strong bonds with both close social circles and extended groups is associated with better mental health and wellbeing. Importantly, the greater number of groups people had strong bonds with, the higher their engagement in health...
India continuously striving to provide high-quality, cost-effective healthcare to everyone: Mandaviya
Union Health Minister Mansukh Mandaviya India's experience has reinforced the fact that capacity building of healthcare workers at various levels of governance, coupled with harnessing digital technology, is the way forward. With more than 1.3 million (13 lakh)...
Study: Gardening can help lower cancer risk, improve mental health
Funded by the American Cancer Society, the first-ever, randomized, controlled trial of community gardening found that those who started gardening ate more fiber and got more physical activity--two known ways to reduce the risk of cancer and chronic diseases. They also...