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China’s zero covid policy fails miserably as new cases of viruses found everyday: Report

China’s zero covid policy fails miserably as new cases of viruses found everyday: Report

by AIP Online Bureau | Nov 4, 2022 | Eco/Invest/Demography, Health, International News, Non-Life

According to Africa Daily Digital, at least 31 cities in China are under lockdown, which has affected over 232 million people’s lives. The Universal Resort in Beijing too has been shut down as fresh cases of Covid are rising in the capital city Beijing: Chinese...

Govt mapping laboratories to plug critical gaps: Goyal

by AIP Online Bureau | Nov 4, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation

The government has issued 450-odd quality control orders and asked BIS along with the commerce ministry to set up a crack team to do a complete study on quality standards New Delhi: The government is mapping all laboratories in the country in a bid to plug the...

Reliance Capital lenders to meet on today to decide on Challenge Mechanism

by AIP Online Bureau | Nov 4, 2022 | Indian News, Life, Non-Life

Some bidders have raised concerns with the Administrator about the introduction of this new clause at this late stage of the bidding process, sources said, adding there was no mention of this mechanism in the Request for Resolution Plan (RFRP) document These bidders...

Danish train standstill on Saturday caused by cyber attack

by AIP Online Bureau | Nov 3, 2022 | International News, Risk Management, Technology

“We were contacted by our subcontractor who told us that their testing environment had been compromised by criminal hackers,” DSB’s chief of security, Carsten Dam Sonderbo-Jacobsen, told public broadcaster DR. A major breakdown of Denmark’s...

Lloyd’s Syndicate Ascot resumes cargo cover for Black Sea grain shipments

by AIP Online Bureau | Nov 3, 2022 | International News, Non-Life, Pandemic, Reinsurance

“In response to today’s news, the Ascot-led ‘AsOne’ facility is quoting again, effective immediately, and we have already issued quotes this morning,” Chris McGill told Reuters by email Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance...

India has the largest gender wealth gap in APAC:WTW Report

by AIP Online Bureau | Nov 3, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

In APAC, the gender wealth gap is the largest in India at 64%. The study found that one of the contributing factors for this can be the significant gender pay gaps in the country, which exceed the global average, particularly for professional and technical roles....

Gen Z & millennials made nearly 70% calls to AXA’s 24X7 free mental health helpline in India

by AIP Online Bureau | Nov 3, 2022 | Indian News, Non-Life

The maximum number of calls were recorded from the 21-30 years age bracket (30%), followed closely by the 31-35 years age bracket (22%) and the 36-50 years age bracket (17%) Of the calls answered by the helpline over the past 6 months, the majority calls were from...

ESG will increasingly influence insurers’ strategies: Fitch

by AIP Online Bureau | Nov 3, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance

Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...

US Fed eaises rate by 75 bps to over a decade high at 3.75-4.0% in fight against inflation

by AIP Online Bureau | Nov 3, 2022 | Eco/Invest/Demography, Health, International News, Wealth Management/ Philanthropy

Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity The statement added that the assessments would take into...

Mild disease, no severity among Indian patients: INSACOG on Omicron’s XBB variant

by AIP Online Bureau | Nov 3, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic

“The community need not panic and adherence to coronavirus appropriate behaviour is recommended in the light of ongoing festivities,” Indian SARS-CoV-2 Genomics Consortium (INSACOG) said. Among the Indian patients the disease is mild like with other...
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