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China asks state insurers to review exposure to Russia, Ukraine

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance

The development underscores Beijing’s efforts behind the scenes to minimize risk to its own institutions even as it continues to maintain strong trade ties with Russia in the face of crippling sanctions imposed by the West on that country Beijing: China has told top...
Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk

Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Gautam Adani ‘Over the last 10 years, Indian billionaires added circa USD 700 billion to their cumulative wealth – this is equivalent to Switzerland’s GDP and twice the GDP of the UAE!,” he said New Delhi: Gautam Adani, India’s and...

Meet the company where staff work less, but produce more

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits

Microsoft gave its 2,300 Japan-based employees Fridays off in 2019, and said it saw productivity rise 40% When French company boss Laurent de la Clergerie decided to let his staff work a four-day week, on the same pay as before, he knew he risked hurting his bottom...
Mandaviya directs high alertness, aggressive genome sequencing as Covid cases spike in Asia, Europe

Mandaviya directs high alertness, aggressive genome sequencing as Covid cases spike in Asia, Europe

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

Union Health Minister Mansukh Mandaviya Amid a rise in Covid cases in some European and East Asian countries, Union Health Minister Mansukh Mandaviya on Wednesday directed officials to maintain a high level of alertness and surveillance, and carry out genomic...

WHO says rise in COVID cases is the tip of the iceberg

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Policy

New infections jumped by 8% globally last week, compared to the previous week. “Surges are to be expected particularly in areas where measures to prevent transmission have been lifted. However, there are unacceptably high levels of mortality in many...
Govt will implement Rs 7,500-crore scheme to tackle road accidents: Gadkari

Govt will implement Rs 7,500-crore scheme to tackle road accidents: Gadkari

by AIP Online Bureau | Mar 16, 2022 | Indian News, Non-Life, Risk Management

”The government is very sensitive about this issue. We will soon implement a Rs 7,500-crore plan with the support of the World Bank across the country. We have urged the World Bank to implement this programme across the country.We will soon get cabinet approval...

TNEDICCA raises $1.75 million to reduce traffic accident risk through improved insurance coverage, better data and analytics

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Risk Management, Technology

TNEDICCA identifies accident hotspots, enabling consumers and insurance companies to manage their risk accordingly. The company has built the most comprehensive accident location database with more than 30 million crashes covering 91% of the U.S. auto insurance market...

Global nonlife insurers leverage innovation for financial strength: AM Best

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance, Technology

The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...

Lloyd’s of London says Russia, Belarus represent less than 1% of business

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance

“We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets,” Lloyd’s said in a statement on its website dated March...
Mamata asks Kolkata mayor to form panel for fire safety audit of godowns

Mamata asks Kolkata mayor to form panel for fire safety audit of godowns

by AIP Online Bureau | Mar 16, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

Mamata Banerjee,Chief Minister,West Bengal The major fire that had broken out in the godown in Tangra area on Saturday evening was brought under control after 15 hours of firefighting “The CM has asked me to form a high-powered committee, comprising police, fire...
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