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Cyclones in Africa exacerbated by climate change: Study

by AIP Online Bureau | Apr 16, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

“While our analysis clearly shows that climate change made the storms more damaging, our ability to establish precisely by how much was hampered by inconsistent data and lack of weather observations. This would also help to improve forecasts of extreme weather events...
Swiss Re chairman re-elected despite proxy adviser raising concerns about diversity

Swiss Re chairman re-elected despite proxy adviser raising concerns about diversity

by AIP Online Bureau | Apr 16, 2022 | Eco/Invest/Demography, International News, Reinsurance

Sergio Ermotti, chairman, Swiss Re ISS recommended shareholders oppose the reappointment of Ermotti as a “signal of concern” over the lack of gender diversity on the reinsurer’s board. Ermotti told shareholders in a webcast that “abilities and experience” are also...

Oil traders to cut Russian oil purchases from May 15

by AIP Online Bureau | Apr 16, 2022 | Eco/Invest/Demography, International News

Energy trading firms face compliance and reputational risks from the current raft of Western sanctions. They have to examine closely which entities they can pay as well as their employees’ nationalities. Also, the lack of an outright ban complicates ending...
Windows under attack from Chinese threat actors: Microsoft

Windows under attack from Chinese threat actors: Microsoft

by AIP Online Bureau | Apr 16, 2022 | International News, Technology

“As Microsoft continues to track the high-priority state-sponsored threat actor HAFNIUM, new activity has been uncovered that leverages unpatched zero-day vulnerabilities as initial vectors,” the company said in a blogpost. San Francisco: Tech giant...

Normal monsoon season predicted, to mitigate some inflationary pressures

by AIP Online Bureau | Apr 16, 2022 | Eco/Invest/Demography, Indian News

In terms of predictions, both Skymet and IMD have given a forecast for a ‘normal’ Southwest Monsoon for the current year at 99 per cent and 98 per cent of the long period average (LPA) respectively India has been relatively fortunate to receive a...

Japan’s population down by record 644,000 people

by AIP Online Bureau | Apr 16, 2022 | Eco/Invest/Demography, International News

Tokyo, saw its first population drop in 26 years, declining by 40,000 to a total of 14 million people The population of Japan has been shrinking for 11 consecutive years, but this year’s fall is the greatest both in absolute numbers and in percentage terms The...

Enhanced insurance cover, RFID tags among new facilities as Amarnath Yatra set to resume after 2 years

by AIP Online Bureau | Apr 16, 2022 | Indian News, Non-Life

Several new facilities have been incorporated including Radio Frequency Identification tags for not just pilgrims but ponies as well, insurance cover for people has been Increased from Rs 3 lakh to Rs 5 lakh and ponies have also been covered in insurance cover of Rs...

EU sanctions tweak allows some plane owners to sell to Russia

by AIP Online Bureau | Apr 15, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

Under the amended provision, no economic resources can be made available to the Russian counterpart, except to transfer ownership of the plane after the EU company has been fully reimbursed An amendment to European Union sanctions last week created a potential path...
Indian insurance industry has managed Covid 19 crisis well: III Survey

Indian insurance industry has managed Covid 19 crisis well: III Survey

by AIP Online Bureau | Apr 15, 2022 | Indian News, Life, Reinsurance, Technology

From(L to R) Dilip Ukey, vice-chancellor, Maharashtra National Law University,Sharad Mathur, MD and CEO, Universal Sompo General Insurance, Devesh Srivastava, CMD, GIC Re at an event in Mumbai to release survey reports prepared by Insurance Institute of India The...

India-Fundraising via debt placement hits 6-yr low at Rs 5.88 lakh cr in FY22

by AIP Online Bureau | Apr 15, 2022 | Data, Eco/Invest/Demography

Unless the high government borrowings and adverse interest rate cycle play spoilsport, the ongoing financial year is expected to be robust in terms of fundraising activities through the debt route on account of higher demand for credit from corporates in light of the...
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