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Bimaplan and Niyo Bharat tie-up to make insurance accessible to contractual factory workers

by AIP Online Bureau | Aug 26, 2022 | Briefs, Eco/Invest/Demography, Health, Non-Life

Bimaplan, a Y Combinator-backed insurtech startup has recently announced a partnership with Niyo Bharat, to provide contractual factory workers with vital microinsurance protection plans. Bimaplan and Niyo Bharat’s partnership will provide financial inclusion to...
“Use & File’- ICICI Lombard revamps its product portfolio

“Use & File’- ICICI Lombard revamps its product portfolio

by AIP Online Bureau | Aug 26, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life

Sanjeev Mantri,executive director, ICICI Lombard General Insurance ` The new offerings were propelled by the recent announcement of ‘Use and File’ framework from the IRDAI. Fuelled by regulatory reforms, we have accelerated our pace of developing and launching new...

2050 net-zero target can boost India’s GDP by 7.3 pc by 2032: Report

by AIP Online Bureau | Aug 26, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

India will need around USD 10.1 trillion in cumulative economy-wide investment to meet its 2070 target. While India could decarbonise using carbon revenues or other domestic tax-raising mechanisms to fund green investments, leveraging international support would free...

World reaches ‘tragic milestone’ of one million COVID-19 deaths so far in 2022

by AIP Online Bureau | Aug 26, 2022 | Health, International News, Non-Life, Pandemic, Policy

In January, WHO and partners launched the COVID-19 Vaccine Delivery Partnership, focused mainly on the 34 countries that were at or below 10 per cent coverage. All but six are on the continent Today, only 10 countries still have less than 10 per cent coverage, most of...

Max Life Insurance enters pension fund management biz; its arm secures licence from PFRDA

by AIP Online Bureau | Aug 26, 2022 | Indian News, Life, Pension & Social Security, Regulation

Set up with initial capital of Rs 50 crore, the fund manager is expected to begin its operation in October, Max Life managing director and CEO Prashant Tripathy told PTI New Delhi: Max Life Insurance Company on Friday said it has ventured into the pension fund...

China’s fragile economy is being hammered by driest riverbeds since 1865

by AIP Online Bureau | Aug 26, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Yangtze’s retreating water levels have snarled electricity generation at many key hydropower plants, sparking energy chaos across parts of the country. Mega cities including Shanghai are turning off lights, escalators and cutting back on air conditioning. Tesla Inc....
Korea shatters its own record for world’s lowest fertility rate

Korea shatters its own record for world’s lowest fertility rate

by AIP Online Bureau | Aug 26, 2022 | Eco/Invest/Demography, Facts, International News

Korea is the world’s fastest-aging nation among economies with per capita GDP of at least $30,000, according to United Nations global population projections and World Bank data. By 2100, its population will fall by 53% to 24 million, up from a 43% decline forecast in...

Russian coal exports face European insurance ban

by AIP Online Bureau | Aug 26, 2022 | International News, Non-Life, Policy, Reinsurance

While Russian coal miners started re-directing volumes to Asia long before the ban came into force, the shipowners typically reinsure their risks with bigger providers that can no longer cover such exports. The companies are looking at other options, but those will be...
Indian Ocean coastline off Somalia declassified as a “high-risk area”

Indian Ocean coastline off Somalia declassified as a “high-risk area”

by AIP Online Bureau | Aug 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The change was approved by marine groups including the International Chamber of Shipping and will be operational from January next year, they said in an emailed statement on Monday “No piracy attacks against merchant ships have occurred off Somalia since 2018,”...
Flexible work places can encourage more women to join labour force, Modi says

Flexible work places can encourage more women to join labour force, Modi says

by AIP Online Bureau | Aug 25, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

Prime Minister Narendra Modi Reiterating that the future needs flexible workplaces, a work-from-home ecosystem, and flexible work hours, the Prime Minister said,“ we can use systems like flexible workplaces as opportunities for women’s labour force...
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