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Marsh McLennan to exit Russia Businesses

Marsh McLennan to exit Russia Businesses

by AIP Online Bureau | Mar 11, 2022 | Intermediaries, International News, Non-Life, Reinsurance

Dan Glaser, President and CEO, Marsh McLennan, said, “We condemn the unprovoked attack by the Russian government against the people of Ukraine. Having watched with horror the tragic human toll in Ukraine, we feel compelled to take this action. We intend to transfer...
Auto sales dip 23% in Feb as supply challenges continue: SIAM

Auto sales dip 23% in Feb as supply challenges continue: SIAM

by AIP Online Bureau | Mar 11, 2022 | Eco/Invest/Demography, Indian News, Non-Life

“Continuing supply-side challenges like semiconductor shortages, increase in cost due to new regulations, higher commodity prices and higher logistics cost, etc., have impacted overall sales in the auto industry,” Society of Indian Automobile Manufacturers...
Covid deaths worldwide 18 million, three times official tally: Lancet Study

Covid deaths worldwide 18 million, three times official tally: Lancet Study

by AIP Online Bureau | Mar 11, 2022 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

Because of its large population, India alone accounted for an estimated 22% — or 4.1 million — of the global deaths. The U.S. and Russia were the next highest with 1.1 million each, followed by Mexico, Brazil and Indonesia “At the global level, this is...
Swiss Re partners with dacadoo to offer platform to insurers of all sizes

Swiss Re partners with dacadoo to offer platform to insurers of all sizes

by AIP Online Bureau | Mar 11, 2022 | Health, International News, Life, Non-Life, Reinsurance

The new combined solution also strengthens Swiss Re’s Personal Resilience Suite (PRS capabilities). PRS is a holistic, modular and innovative risk assessment approach, powered by Swiss Re’s renowned underwriting manual Life Guide Zurich: Swiss Re and dacadoo...
US says $ 100 billion soon to help poor nations with climate

US says $ 100 billion soon to help poor nations with climate

by AIP Online Bureau | Mar 11, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

U.S. climate envoy John Kerry Kerry said to fund the economic transition that all countries must make to tackle climate change, “it’s going to require not just $100 billion but trillions of dollars.No single government — no group of governments — can meet...

Aviation Ministry invites applications from drone industry for PLI scheme

by AIP Online Bureau | Mar 11, 2022 | Eco/Invest/Demography, Policy, Technology

The ministry had on September 16, 2021, announced a PLI scheme for drones and drone components with an allocation of Rs 120 crore spread over three financial years Aviation Minister Jyotiraditya Scindia had on September 16 last year that the Indian drone industry will...
U.S. Census undercounted Latinos, Black people and Native Americans

U.S. Census undercounted Latinos, Black people and Native Americans

by AIP Online Bureau | Mar 11, 2022 | Eco/Invest/Demography, Health, Policy

The analysis found the national count of 323.2 million was largely accurate Black people had a net undercount of more than 3%, while Native Americans and Native Alaskans on reservations were undercounted by more than 5%, both more than in 2010.Non-Hispanic white...
Several privatisation transactions in an advanced stage: DIPAM Secretary

Several privatisation transactions in an advanced stage: DIPAM Secretary

by AIP Online Bureau | Mar 10, 2022 | Eco/Invest/Demography, Indian News, Policy

Regarding the mega-IPO of LIC, Pandey said the DRHP has been filed already. ”We are watching the market conditions due to the Russia-Ukraine conflict. Hopefully, the IPO will be brought to the market soon and it will be a great opportunity for the Indian capital...

Subscribers under PFRDA schemes increase 22% to 5.07 crore in February

by AIP Online Bureau | Mar 10, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security

The total assets under management (AUM) of the two schemes — NPS and the Atal Pension Yojana (APY) rose 28.21 per cent to Rs 7,17,467 crore New Delhi: The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more...
U.S. Treasury launches campaign to educate public about crypto risks

U.S. Treasury launches campaign to educate public about crypto risks

by AIP Online Bureau | Mar 10, 2022 | Facts, Policy, Regulation, Wealth Management/ Philanthropy

Populations that have limited access to mainstream financial services is a key group the Treasury will look to reach, Nellie Liang, Treasury undersecretary for domestic finance “We’re hearing more and more about investors and households who are purchasing crypto...
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