by AIP Online Bureau | Mar 18, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Facts, Technology
HDBC’s venture into the virtual world comes as the British-based lender slashes its footprint in the real world, announcing on Tuesday it would cut a further 69 branches in Britain as its customers move online HSBC is the second global bank to invest in a...
by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic
After more than a month of decline, COVID cases started to increase around the world last week, the WHO said, with lockdowns in Asia and China’s Jilin province battling to contain an outbreak A combination of factors was causing the increases, including the...
by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
The valuations of Indian markets having moderated, geopolitical tensions subsiding, and with more clarity on the timeline for policy rate hikes by the US Federal Reserve, the volatility in the markets is expected to abate, said brokerage house Samco Securities in a...
by AIP Online Bureau | Mar 18, 2022 | International News, Life
The insurance group has been shaken in recent quarters by growing concerns about its investments in the highly indebted property sector, which has been hit by a string of developer defaults, credit rating downgrades and slump in shares and bonds SHANGHAI/HONG KONG:...
by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The Financial Times reported Thursday that Lloyd’s of London is expecting a “significant but manageable overall loss” with a final bill between $1 billion to $4 billion after reinsurance pays out, citing a person familiar with the matter. The exchange didn’t respond...
by AIP Online Bureau | Mar 18, 2022 | International News, Non-Life, Reinsurance
Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from 1 July 2022 Katie McGrath will succeed Ivan as Regional CEO for Swiss Re Corporate Solutions in North America Russell Higginbotham, chief executive officer Reinsurance...
by AIP Online Bureau | Mar 18, 2022 | Briefs, Indian News, Non-Life, Reinsurance
Electric two-wheeler maker One Moto India on Thursday said it has partnered with Reliance General Insurance to provide motor insurance to its customers. The company, which has launched three electric scooters — Byka, Electa, and Commuta, said the partnership...
by AIP Online Bureau | Mar 18, 2022 | Health, Indian News, Pandemic, Policy, Workplace/Employee Benefits
“I would also like to emphasize that there should be continued focus on the five-fold strategy, i.e., Test-Track-Treat-Vaccination and adherence to COVID Appropriate Behavior,” said Union Health Secretary Rajesh Bhushan New Delhi: With the resurgence of...
by AIP Online Bureau | Mar 18, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology, Trends, Facts
According to Moody’s Investors Service, the introduction of the Unified Payment Interface (UPI) in 2017, which allows funds to be transferred instantaneously, has been a key catalyst to the development of digital payments due to the ease of use of apps running...
by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation
Even though India is making steady progress on the domestic front, the spiralling oil and gas prices and unsettled financial market conditions also pose fresh headwinds to the still incomplete global recovery, it observed The RBI also said that a rapid and large...
