by AIP Online Bureau | Aug 30, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Of the five business sectors most vital to the global economy, manufacturing and distribution would be hit hardest by disasters costing $4.2 trillion as water scarcity disrupts production while storms and floods destroy infrastructure and inventory. read more Last...
by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Indian News, Life
Axis is planning to take a 10% stake for around $9 million in the start-up’s upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the...
by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Life
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. “Strategic sale is uncharted territory. There are a lot of issues to be addressed, including...
by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
The Index, which is a report detailing accident trends seen across key metros, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, revealed Delhi recording an accident rate of 20.3%, while Mumbai stood at 18.2%. The reasons behind the mishaps were also fairly...
by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Reinsurance
2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year for Asia Pacific domiciled reinsurers The accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets...
by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Pandemic, Reinsurance
Asia-Pacific reinsurers face weather-related catastrophe losses from flooding and drought, such as the major floods in eastern Australia and China in 2022. Reinsurers are re-assessing risk modelling and catastrophe management frameworks to help quantify potential...
by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
Gautam Adani All told, Adani has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else. He first overtook Ambani as the richest Asian in February, became a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s...
by AIP Online Bureau | Aug 30, 2022 | Workplace/Employee Benefits
“ The insurance business is going through a time of transformational change. Dominick’s addition to the Client Advisory team is timely as we continue to invest to ensure our capability and solutions remain market leading.” Sam Farrimond, Regional Leader, Client...
by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The Beazley Manufacturing Risks & Response coverage is an innovative insurance solution that provides what manufacturers need to help protect their business and customers “Our solution includes offerings for any component parts and consumer goods . Adding this to...
by AIP Online Bureau | Aug 29, 2022 | International News, Non-Life, Policy, Reinsurance, Workplace/Employee Benefits
“We note the tribunal’s conclusions, and we are giving them full and careful consideration,” Swiss Re said in a statement. The firm “does not tolerate discrimination of any kind and is committed to providing an equal and inclusive workplace for all employee A former...
