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Comm min to help exporters at insurance front to deal with West Asia crisis: Official

Comm min to help exporters at insurance front to deal with West Asia crisis: Official

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Exporters are facing issues due to a joint attack launched by the US and Israel on Iran. It has led to a spike in ocean freight, air transport, and insurance premiums because of disruptions in the movement of oil and gas consignments. New Delhi: The commerce ministry...
Iranian Envoy confirms Tehran to give safe passage to vessels bound for India via Hormuz

Iranian Envoy confirms Tehran to give safe passage to vessels bound for India via Hormuz

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

Mohammad Fathali,Iran’s Ambassador to India Answering a question on whether Iran would allow Indian-bound ships safe transit through the Strait, which is one of the critical routes for global energy trade, Fathali said,”Yes. Because India and I are...
Top Africa insurer Sanlam flags ‘Massive’ risks from Iran war

Top Africa insurer Sanlam flags ‘Massive’ risks from Iran war

by AIP Online Bureau | Mar 13, 2026 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The escalating tensions will hurt earnings of the firm with operations in 27 nations “very directly” as investor flight hits global equity markets and as rising fuel prices trigger inflationary pressure, which will result in higher borrowing costs.You impact consumers...
Extreme Heat:Making life increasingly unlivable

Extreme Heat:Making life increasingly unlivable

by AIP Online Bureau | Mar 12, 2026 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health

Scientists determined that on average, those 65 and older experience a month a year when heat prevents them from routine activities. Parts of Asia, Africa, Australia and North America are becoming unlivable for senior citizens, the researchers said. Younger adults...
Warburg Pincus considers options for Asian insurer Oona

Warburg Pincus considers options for Asian insurer Oona

by AIP Online Bureau | Mar 12, 2026 | International News, Life

Warburg Pincus and Abhishek Bhatia, a former executive with billionaire Richard Li-backed FWD Group Holdings Ltd., set up Oona with a $350 million equity commitment in 2022. It has acquired two general insurance businesses in the region, Abda in Indonesia and MIIC in...
Drugmakers warned against direct or surrogate weight-loss drug and obesity ads

Drugmakers warned against direct or surrogate weight-loss drug and obesity ads

by AIP Online Bureau | Mar 12, 2026 | Eco/Invest/Demography, Health, Indian News, Regulation

Promotional activities, ⁠including what it described as “so-called (obesity) awareness campaigns” that function as surrogate advertisements for prescription ​drugs, could be treated as misleading marketing practices, according to the advisory. India is...
Iran laying mines in the Strait of Hormuz:UK Defense Secretary John Healey

Iran laying mines in the Strait of Hormuz:UK Defense Secretary John Healey

by AIP Online Bureau | Mar 12, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

John Healey,UK Defense Secretary The narrowness of the Strait of Hormuz — it is less than 25 miles (40 kilometers) wide at the thinnest point — makes the danger of sea mines more acute, as ships have less room to maneuver and greater odds of striking one of the...
World faces largest-ever oil supply disruption on Middle East war, IEA says

World faces largest-ever oil supply disruption on Middle East war, IEA says

by AIP Online Bureau | Mar 12, 2026 | Eco/Invest/Demography, International News

The supply could rise in April as some Middle East Gulf producers use alternative export routes to bypass the Strait of Hormuz, and said that, for the year, production would still expand more quickly than global demand. The war in the Middle East is creating the...
Chubb to be lead partner on US’s $20 billion Maritime Reinsurance Plan

Chubb to be lead partner on US’s $20 billion Maritime Reinsurance Plan

by AIP Online Bureau | Mar 12, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

“Together, DFC and Chubb have identified several American insurance companies to provide reinsurance policies behind Chubb and alongside DFC to expand market capacity,” the agency added. US insurance giant Chubb will be the lead partner on the U.S. International...
Making Health Insurance Afforable: IRDAI to meet insurers and hospitals on Mar 17, to push for common empanelment system, says Seth

Making Health Insurance Afforable: IRDAI to meet insurers and hospitals on Mar 17, to push for common empanelment system, says Seth

by AIP Online Bureau | Mar 12, 2026 | Health, Indian News, Regulation, Technology

Ajay Seth, chairman, IRDAI In the last three years, health insurance premiums have been going up by about 10 to 12 per cent, whereas inflation is about five –six  per cent. If it increases by another three to four percentage points more than inflation, it becomes...
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