by AIP Online Bureau | Mar 29, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy
A survey conducted by a state newspaper found Shenzhen’s “war” on COVID-19 has hurt up to 93% of local small and medium-sized companies, with many suffering production disruptions because of shutdowns, interruptions in supply chains, and delays in...
by AIP Online Bureau | Mar 29, 2022 | Eco/Invest/Demography, Indian News, Policy
Bank unions are protesting against the government’s move to privatise two public sector banks as announced in the Budget for 2021-22. They are also demanding an increase in the interest rate on deposits and a reduction in service charges New Delhi/Mumbai:...
by AIP Online Bureau | Mar 29, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
As more countries and businesses shun commerce with Russia, the country’s fleet will be under pressure to conduct dark activity and even engage in illicit shipping to stay afloat, said Ian Ralby, chief executive of I.R. Consilium, a maritime law and security...
by AIP Online Bureau | Mar 29, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Brussels gave lessors until Monday to wind up current rental contracts in Russia under tough sanctions imposed after Moscow’s invasion of Ukraine, leaving them facing heavy potential writedowns or a long insurance battle All Irish lessors terminated their Russian...
by AIP Online Bureau | Mar 29, 2022 | International News, Non-Life, Reinsurance
“Large-scale air crash investigations that only rely on data provided by the black boxes are often insufficient to tell the full truth of the incident,” Zhu Tao, head of the aviation safety office at Civil Aviation Administration of China, told a press conference...
by AIP Online Bureau | Mar 29, 2022 | International News, Non-Life, Reinsurance
“Changing our brand name to Allianz Trade means reinforcing our position as a global player. With the new brand name, we will benefit even more from the reputation and strength of the Allianz Group, which has an extensive global network of expertise,” said...
by AIP Online Bureau | Mar 29, 2022 | International News, Non-Life, Reinsurance
“I’m afraid that we are going to witness the largest sort of theft of aircraft in the history of commercial civil aviation,” said Volodymyr Bilotkach, an associate professor of air transport management at Singapore Institute of Technology. Although the planes are...
by AIP Online Bureau | Mar 28, 2022 | Indian News, Non-Life, Reinsurance
Air India’s insurance renewal may not be a very comfortable affair for the Tatas from the premium point of view as London market sources point out, the aviation insurance market of late has seen significant hardening up impacted by Russian-Ukraine war and crash...
by AIP Online Bureau | Mar 28, 2022 | Health, Indian News, Life, Non-Life, Pandemic
Hyderabad: The insurance regulator IRDAI has once again extended the time frame to sell short-term exclusive Carona policies by the insurers to September, 2022. The IRDA, which had asked insurers to offer standard corona specific health cover polices from July 2020,...
by AIP Online Bureau | Mar 28, 2022 | Indian News, Non-Life, Policy
The case has wider ramifications for all the top level appointments in the PSU insurance sector made by the BBB, whose power to select directors of the PSU general insurers has already been disapproved by the Delhi High Court New Delhi: The Delhi High Court on Monday...
