by AIP Online Bureau | Jul 19, 2022 | Indian News, Non-Life
It had a combined ratio of 104.1 per cent in Q1 FY2023 as against 123.5 per cent in Q1 FY2022 Its underwriting losses have fallen by almost 70 percent y-o-y to Rs 193 crore during the period Mumbai: With a major drop in its underwriting losses, ICICI Lombard General...
by AIP Online Bureau | Jul 19, 2022 | Indian News, Life
Vibha Padalkar, MD & CEO, HDFC Life, The life insurer’s Indian embedded value(IEV) has risen by to Rs 29,709 crore in the reporting quarter. Its value of new business (VNB) has moved by 25 per cent to 510 crore in the same quarter Its new business margin for...
by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Indian News
Moscow has in recent months imposed sanctions on 31 companies, including the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of Gazprom New Delhi: Russia has defaulted on the supply of at least 5...
by AIP Online Bureau | Jul 19, 2022 | Data, Eco/Invest/Demography
Nirmala Sitharaman said all CSR eligible companies have spent a cumulative CSR amount of Rs 24,865.46 crore in FY 2020-21. Out of the total amount, Rs 6,946.75 crore was spent on ‘healthcare-related activities’, including activities related to COVID-19 New...
by AIP Online Bureau | Jul 19, 2022 | Banking & Bancassurance, International News, Life, Wealth Management/ Philanthropy
Australian banks are grappling with rapidly rising interest rates and falling house prices that’s spurred some investors to reevaluate lenders’ outlooks. The deal hands the lender control of one of the country’s largest retail banks that’s also based in the...
by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits
“Just from a human perspective it’s a sign that you’re not supporting all employees equally,” said Julia Taylor Kennedy, executive vice president for Coqual in an interview with Bloomberg News. “From a business perspective it shows that you’re not actually retaining...
by AIP Online Bureau | Jul 19, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Non-Life
The heatwave is also acting as a lid, trapping atmospheric pollutants, including particulate matter, resulting in a degradation of air quality and adverse health effects, particularly to vulnerable people, explained Lorenzo Labrador, Scientific Officer at WMO’s Global...
by AIP Online Bureau | Jul 19, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
In the coming years, sea level rise, more intense storm surge and jack-up tropical storms will visit many of the world’s nearly 3,800 ports. Most of those ports are coastal; About a third are located in tropical bands vulnerable to the most powerful effects of climate...
by AIP Online Bureau | Jul 19, 2022 | Indian News, Non-Life, Regulation, Technology
Before each departure, an aircraft is checked and certified by an aircraft maintenance engineer (AME). The DGCA has now issued guidelines for airlines on the deployment of AME personnel and directed them to comply by July 28. “It is also seen that airlines are...
by AIP Online Bureau | Jul 18, 2022 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation
AIA Group Ltd., Prudential Plc, Tokio Marine Holdings Inc. and Zurich Insurance Group AG are among the international insurers with ventures in the Southeast Asian nation Overseas insurance companies were allowed to hold a maximum 70% in local firms, but it was mostly...
