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Swiss Re launches new insurance-linked investment advisory business, to focus  on CAT bonds

Swiss Re launches new insurance-linked investment advisory business, to focus on CAT bonds

by AIP Online Bureau | Aug 4, 2022 | International News, Non-Life, Reinsurance

Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC’s) investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, thus allowing investors the opportunity to access Swiss Re’s capabilities in catastrophe bond...
Taiwan turmoil affects shipping and global supply chain

Taiwan turmoil affects shipping and global supply chain

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Gas suppliers are rerouting or reducing speed on some liquefied natural gas (LNG) vessels currently en route to North Asia Shipments to Taiwan and Japan this weekend will be affected, said the sources SINGAPORE: China’s announcement of military drills around...
Retail auto sales drop 8% in July: FADA

Retail auto sales drop 8% in July: FADA

by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, Indian News

Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati noted that though there is a blip in July numbers, the segment continues to see introduction of new models, especially compact SUVs, aiding growth New Delhi: Automobile retail sales in India...
Wage Revision: Govt offers 12% hike with 5-yr arrears to PSU general insurance industry

Wage Revision: Govt offers 12% hike with 5-yr arrears to PSU general insurance industry

by AIP Online Bureau | Aug 4, 2022 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

The unions of PSU general insurance industry are yet to respond to the new proposal However, there are indications that the unions will reject the latest wage revision proposals from the GIPSA and would like to stick their demand for a pay parity with Life Insurance...
Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals

Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Regulation

The total quantum of the instruments under other forms of capital taken together has to be lower of the following, at any point in time: 50 percent of the total paid up equity share capital and securities premium of an insurer and 50 percent of the net worth of the...
World’s food supply faces new threat from lack of rain in India

World’s food supply faces new threat from lack of rain in India

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Indian News, Risk Management

Much is riding on the rice crop in India and the monsoon’s progress. Some agricultural scientists are optimistic that there’s still time to continue planting and make up for some of the shortfall. Rain is forecast to be normal for August to September, which may...

348 apps blocked for collecting, transmitting users’ info, says Govt

by AIP Online Bureau | Aug 3, 2022 | Indian News, Risk Management, Technology

“The Ministry of Home Affairs (MHA) has identified 348 mobile applications which were collecting users’ information and transmitting it in an unauthorised manner to servers located outside the country for profiling New Delhi: Amid rising complaints against...
LIC breaks into Fortune 100 list

LIC breaks into Fortune 100 list

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Indian News, Life

The nation’s biggest life insurer LIC with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. This is the first outing of LIC on the list, which ranks listed companies by sales New Delhi:...
Over 23.08 cr Ayushman Bharat Health Account numbers created

Over 23.08 cr Ayushman Bharat Health Account numbers created

by AIP Online Bureau | Aug 3, 2022 | Health, Indian News, Policy

Union Health Minister Mansukh Mandaviya The Ayushman Bharat Digital Mission (ABDM) aims to develop the backbone necessary to support the integrated digital health infrastructure of the country. It will bridge the existing gap amongst different stakeholders of the...

Climate change: Cabinet approves India’s updated nationally determined contributions

by AIP Online Bureau | Aug 3, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Policy

According to the updated NDC, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from 2005 level, and achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by...
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