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GIC sued for $115 million by AM Re for cancellation of agreement

GIC sued for $115 million by AM Re for cancellation of agreement

by AIP Online Bureau | Feb 24, 2022 | International News, Non-Life, Reinsurance

‘GIC disputes the allegations of the complaint and will address claims at the appropriate time in the litigation. Beyond that, GIC has no comment on the allegations or claims asserted in that proceeding as the matter is pending adjudication before the US...
Global Population Growth and Sustainable Development

Global Population Growth and Sustainable Development

by AIP Online Bureau | Feb 24, 2022 | Articles, Eco/Invest/Demography

Most of the world’s future population growth will take place in developing countries. Since the middle of the twentieth century, the world has experienced unprecedented population growth. World population continues to grow but is expected to peak around 2100 at a...

Rising incomes more harmful to environment than population growth

by AIP Online Bureau | Feb 24, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts, Pension & Social Security, Policy

The Global Population Growth and Sustainable Development report, launched on Wednesday, is the latest in a series on major demographic trends The number of people on the planet more than tripled since 1950 and could reach nearly 11 billion by the end of the century,...

How the World Health Organization might face future pandemics

by AIP Online Bureau | Feb 24, 2022 | Facts, Health, Non-Life, Pandemic

A new pact is among more than 200 recommendations for shoring up the world’s defences against new pathogens made by various reviewers following the COVID-19 pandemic that has killed more than 6.2 million people in two years Suggested proposals for the pact...

Insurer AIA Group sells Australian savings and investments business

by AIP Online Bureau | Feb 24, 2022 | International News, Life, Wealth Management/ Philanthropy

AIA did not disclose a deal value for the sale, but said the business holds about A$8 billion ($5.77 billion) in funds under administration. The Australian savings and investment business, which offers superannuation and retirement products, was acquired by AIA...

Ukraine closes airspace to civilian flights amid “high risk” to safety

by AIP Online Bureau | Feb 24, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The aviation industry has taken heightened notice of the risks conflicts pose to civil aviation since Malaysia Airlines flight MH17 was shot down over eastern Ukraine in 2014 Kiev: Ukraine closed its airspace to civilian flights on Thursday, citing a high risk to...

Munich Re forecasts 2022 profit lift after pandemic rebound

by AIP Online Bureau | Feb 23, 2022 | Non-Life, Pandemic, Reinsurance

“Propelled by this momentum, we will resolutely tap into the favourable market environment as we increase our profit to 3.3 billion euros in 2022,” Chief Executive Officer Joachim Wenning said FRANKFURT: German reinsurance group Munich Re on Wednesday...
Rajasthan raises health cover to Rs 10 lakh per family, reverts to defined benefits pension scheme for its employees

Rajasthan raises health cover to Rs 10 lakh per family, reverts to defined benefits pension scheme for its employees

by AIP Online Bureau | Feb 23, 2022 | Health, Indian News, Pension & Social Security, Policy

Rajasthan Chief Minister Ashok Gehlot as part of Budget also announced that IPD and OPD services will be free-of-cost in state-run hospitals Jaipur: Rajasthan Chief Minister Ashok Gehlot on Wednesday presented his fourth Budget for the year 2022-23, with the main...

India sees strong financial security, tepid growth in life insurance ownership and awareness: Max Life Survey

by AIP Online Bureau | Feb 23, 2022 | Health, Indian News, Life, Pandemic

Term insurance witnessed an uptake in the last two years, with ownership rising to a significant 43% from 39% last year. The survey also reflects an increased ownership of other life-insurance products amongst urban Indians such as savings and market-linked plans. New...
IRFC raises $ 500 million foreign currency Climate Bond

IRFC raises $ 500 million foreign currency Climate Bond

by AIP Online Bureau | Feb 23, 2022 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

The funds raised will help Indian Railways to meet its target of carbon neutrality and the wider target set by the government to meet the emission and carbon norms set in COP26. This Transaction makes IRFC the first Central Public Sector Enterprise (CPSE) to list its...
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