by AIP Online Bureau | Mar 3, 2022 | International News, Non-Life, Policy, Reinsurance
The world’s biggest container shipping lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow in a further blow to trade with the country British ship insurer West of England has withdrawn cover for two...
by AIP Online Bureau | Mar 3, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
By one estimate, as many as 40 million people in South Asia may be forced to move over the next 30 years because of a lack of water, crop failure, storm surges and other disasters No nation offers asylum or other legal protections to people displaced specifically...
by AIP Online Bureau | Mar 3, 2022 | Briefs, Life
Getting ready for a public listing, Life Insurance Corporation (LIC), with over Rs 38 trillion assets, has roped in Sunil Agrawal as its chief financial officer (CFO). Agrawal earlier had worked with Reliance Nippon Life Insurance in the same post for over 12 years....
by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, Facts, Health, Pandemic
The decline in mortality with omicron could reflect both the reduced virulence of the strain, particularly in comparison to the delta variant, and the benefits of vaccination, the researcher said The omicron strain of Covid-19 is at least 40% more lethal than seasonal...
by AIP Online Bureau | Mar 3, 2022 | Indian News, Non-Life, Policy, Technology
Road Transport Ministry said that it is mandated that the procedure for detailed investigation of road accidents should be conducted, the detailed accident report (DAR) and its reporting, along with timelines for different stakeholders for quick settlements of claims...
by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
by AIP Online Bureau | Mar 3, 2022 | International News, Non-Life, Reinsurance, Risk Management, Technology
Hannover: HDI Global places protection against cyber-attacks at the centre of services for its customers. The focus here is on cyber risk management. Alongside conventional risk transfer, the industrial insurer will now...
by AIP Online Bureau | Mar 3, 2022 | Indian News
For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future’s $3.4 billion sale of assets to Reliance Industries NEW DELHI: Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner...
by AIP Online Bureau | Mar 3, 2022 | Health, International News, Non-Life, Policy
45,000 babies born are born every year with birth defects In addition to mortality, birth defects can cause long term morbidity and disability, which in low- and middle-income countries causes a strain on the health system and, social and family resources. New Delhi:...
by AIP Online Bureau | Mar 3, 2022 | Health, Indian News, Policy, Regulation
The high court directed the Food Safety and Standards Authority of India [FSSAI] to issue a fresh communication to all the authorities concerned stating the obligation to make clear disclosure as to whether the food article is vegetarian or non-vegetarian. A bench of...
