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China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19

by AIP Online Bureau | Jul 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...

Luton Airport runway meltdown shows airports vulnerable to climate change

by AIP Online Bureau | Jul 24, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Airports Council International (ACI), a group representing airports globally, said it will soon publish an airfield maintenance handbook for members with a section dedicated to pavement management “This includes lists of probable cause of pavement distresses, and some...

China says medical insurance fund in the black, responding to concerns

by AIP Online Bureau | Jul 24, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

Healthcare affordability is a sensitive issue in China. Costs are often high, with hospitals setting elevated prices for some drugs, and medical supplies and doctors known to over-prescribe. The government has started to reform price mechanisms for some medical and...

ICICI Pru on course to hit new business value of Rs 2,560 crore in FY23

by AIP Online Bureau | Jul 24, 2022 | Indian News, Life

”We’ve ticked on all the four boxes in the June quarter. Our 4Ps strategy, initiated in FY19, of focusing on premium growth, products especially on the protection side, improving persistency, and enhancing productivity, are performing as planned and...

Experts say no need to panic as monkeypox less contagious, rarely fatal

by AIP Online Bureau | Jul 24, 2022 | Eco/Invest/Demography, Health, Indian News

The Union Health Ministry had last week reviewed the functioning of health screening of international travellers arriving in India at airports and ports “The virus causes mostly mild illness. It is less contagious and requires close personal contact with...
Medical tourism sector getting back in health with higher inflow of patients than pre-Covid times

Medical tourism sector getting back in health with higher inflow of patients than pre-Covid times

by AIP Online Bureau | Jul 24, 2022 | Health, Indian News, Non-Life, Workplace/Employee Benefits

Cost-effectiveness and the presence of good hospitals in India make the country a preferred destination for many international patients, according to experts New Delhi: Thirty-year-old Iraqi national Mohsin Ali (name changed), a victim of war, is undergoing treatment...
DGCA starts 2-month-long special audit of airlines

DGCA starts 2-month-long special audit of airlines

by AIP Online Bureau | Jul 24, 2022 | Indian News, Risk Management

The focus of the aforementioned special audit will be facilities like hangars and stores, equipment being used by airline personnel, airlines’ quality assurance system, aircraft grounded due to lack of spare parts and airlines’ maintenance control centre,...

A 34-year-old Delhi man with no history of foreign travel testes positive for monkeypox

by AIP Online Bureau | Jul 24, 2022 | Health, Indian News

“The patient is stable and recovering. There is no need to panic. The situation is under control.We have made a separate isolation ward at LNJP. Our best team is on the case to prevent the spread and protect Delhiites,” Delhi Chief Minister Arvind Kejriwal tweeted...

Bajaj Allianz launches usage-based motor insurance add-on cover

by AIP Online Bureau | Jul 24, 2022 | Indian News, Non-Life, Technology

Pay-as-you-consume add-on cover can be opted by the customer along with the basic OD (Own Damage) plan under Package Product, Bundled and Standalone OD cover, the company said Pune: Private sector Bajaj Allianz General Insurance launched its add-on motor insurance...
UN health agency declares monkeypox a global emergency

UN health agency declares monkeypox a global emergency

by AIP Online Bureau | Jul 23, 2022 | Health, International News, Non-Life, Risk Management

“In short, we have an outbreak that has spread around the world rapidly through new modes of transmission about which we understand too little and which meets the criteria in the international health regulations,” WHO Director-General Tedros Adhanom...
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