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25 people dead as typhoon triggered landslides

by AIP Online Bureau | Apr 12, 2022 | Disaster & Management, International News, Non-Life, Reinsurance

Nearly 140,000 people have been affected by the storm locally known as Agaton, which made landfall over Eastern Samar province on April 10, the nation’s disaster risk-reduction and management council said. Megi is this year’s first tropical storm to hit the...

Chilean state sues mining multinationals for causing environmental damages

by AIP Online Bureau | Apr 12, 2022 | Climate, Environment, Renewable Energy, Intermediaries, Policy

Chile’s leftist President Gabriel Boric has made environmental protection a key focus of his administration, including rights over water, since taking office in March In March, Chile’s environmental watchdog SMA fined Escondida for exceeding the maximum level allowed...

DHL run Boeing jet breaks in two after skidding off runway

by AIP Online Bureau | Apr 12, 2022 | International News, Non-Life, Reinsurance

The jet spun about 180 degrees and its tail went down an embankment. Photos showed the tail section snapped off from the main fuselage A Boeing Co. 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria International airport in...

Russia- Ukraine crisis could slash global trade growth by half in 2022: WTO

by AIP Online Bureau | Apr 12, 2022 | Eco/Invest/Demography, International News, Non-Life

The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine, said the Secretariat note.Russia and Ukraine are both important suppliers of essential products, notably food and energy, according to the note...

Jharkhand ropeway accident: 2 dead, 15 trapped mid-air as rescue ops halt

by AIP Online Bureau | Apr 11, 2022 | Indian News

Around 32 people have so far been rescued while 15 people remain trapped mid-air in a row of cable cars, nearly 28 hours after the accident took place around 20 km from the famous Baba Baidyanth temple in Deoghar town Deoghar (Jharkhand): One more person died on...

General Insurance industry’s prms rise 11 % to Rs 2.20 trillion in FY 2021-22, Health topples Motor as the largest portfolio

by AIP Online Bureau | Apr 11, 2022 | Indian News, Non-Life, Reinsurance

Thanks to Covid-19 Pandemic and stagnant motor third party premium for the last two years, for the first time in the history of Indian general insurance industry, in FY 2021-22, Health portfolio has replaced Motor business as the largest segment in the industry Though...
KKR signs agreement to acquire 10% in Shriram Gen Insurance for Rs1800 crore

KKR signs agreement to acquire 10% in Shriram Gen Insurance for Rs1800 crore

by AIP Online Bureau | Apr 11, 2022 | Indian News, Non-Life

Gaurav Trehan, Partner and CEO of KKR India, said, “Shriram General Insurance has been one of the standout performers in India’s fast-growing general insurance industry, and continues to build on their record by developing new capabilities, channels, and products to...
Munich Re partners with OneDegree to launch digital asset insurance in Hong Kong

Munich Re partners with OneDegree to launch digital asset insurance in Hong Kong

by AIP Online Bureau | Apr 11, 2022 | Eco/Invest/Demography, International News, Pandemic, Reinsurance, Technology, Wealth Management/ Philanthropy

OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms, custodians, asset managers and technology providers Under this partnership, Munich Re will provide reinsurance capacity and support OneDegree’s...
VP Naidu calls for greater participation of private sector in strengthening health infrastructure

VP Naidu calls for greater participation of private sector in strengthening health infrastructure

by AIP Online Bureau | Apr 11, 2022 | Health, Indian News

, M Venkaiah,Vice President Highlighting the worrying trend of increasing non-communicable diseases in India, Naidu urged the medical fraternity in the private sector to create awareness among people, particularly the youth, on the dangers posed by a sedentary...

Six charred to death after blast at Indian chemical plant

by AIP Online Bureau | Apr 11, 2022 | Disaster & Management, Indian News, Non-Life

Ahmedabad: A massive blaze touched off by an explosion at a chemicals plant in India’s western state of Gujarat charred to death at least six people before it was brought under control, authorities said on Monday. The blast on Sunday night took place in a hub...
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