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Investors richer by over Rs 7.21 trn in two days of market rally

by AIP Online Bureau | Mar 9, 2022 | Eco/Invest/Demography, Wealth Management/ Philanthropy

Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, said, in the near-term, volatility cannot be ruled out till uncertainty looms over the Ukraine conflicts. “Investors will watch out for the state elections result on...

Indian non-life industry grows by Rs 814 cr in February: IRDAI

by AIP Online Bureau | Mar 9, 2022 | Indian News, Non-Life

According to the Insurance Regulatory and Development Authority of India (IRDAI), general insurers booked a total premium of Rs 16,560.99 crore last month as against Rs 15,746.99 crore earned in February 2021 Industry leader and government owned New India Assurance...

Australia to declare east coast floods a national emergency

by AIP Online Bureau | Mar 9, 2022 | Disaster & Management, International News, Non-Life, Reinsurance

The declaration means flood victims won’t have to provide identification documents to receive support payment and in some circumstances the federal government can act independently in areas where the state governments haven’t requested help. Canberra:...

Lessors face legal quagmire as Russian plane repos stall

by AIP Online Bureau | Mar 9, 2022 | International News, Non-Life, Reinsurance

Western bans imposed after Russia’s invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines – sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft Leasing companies are...
Britain announces new aviation sanctions against Russia

Britain announces new aviation sanctions against Russia

by AIP Online Bureau | Mar 9, 2022 | International News, Non-Life, Reinsurance

The new measures would also prevent aviation and space related exports including insurance and re-insurance. This will mean cover is withdrawn on existing policies and British-based insurers and reinsurers will be unable to pay claims on existing policies in these...

The disasters that never happened: how to soothe rising climate anxiety

by AIP Online Bureau | Mar 9, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts

A growing mental health crisis linked to climate change – often dubbed “eco-anxiety” – has come under the spotlight in recent years, from heat-linked suicides in Mexico and the United States to people who fear the future is too uncertain to...
Pandemic surveillance: is tracing tech here to stay?

Pandemic surveillance: is tracing tech here to stay?

by AIP Online Bureau | Mar 9, 2022 | Articles, Eco/Invest/Demography, Technology

From contact tracing apps to facial recognition, technology has become part of the arsenal used to protect public health. While this might have helped save lives, rights advocates say intrusive solutions could already be so entrenched that personal privacy is the...

Food emergency: Ukraine war compounds global hunger crisis

by AIP Online Bureau | Mar 9, 2022 | Eco/Invest/Demography, International News

As a result, global food prices are already at record highs, with the benchmark U.N. index increasing more than 40% over the past two years. The surge has had crushing consequences. Food insecurity has doubled in the past two years, and the World Food Programme...

Insurers refuse to pick up tab for billions in Opioid claims

by AIP Online Bureau | Mar 9, 2022 | Health, International News, Non-Life

The legal battle revolves around whether insurance claims can be denied if policyholders created a “public nuisance” by improperly marketing addictive painkillers. This is the claim made by communities across the United States seeking restitution from drug...
Swiss Re partners with NTUC Income to shield against future variation in Income’s annuity book

Swiss Re partners with NTUC Income to shield against future variation in Income’s annuity book

by AIP Online Bureau | Mar 9, 2022 | Eco/Invest/Demography, Life, Pension & Social Security, Reinsurance

This partnership will help shield Income from future variations in its annuity book, by sharing with Swiss Re any future payments to annuitants who live beyond their age expectancy “In this instance, Swiss Re leveraged its global longevity reinsurance expertise,...
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