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Insurtech: HealthySure raises $1.2 mn in Pre-Series A led by Inflection Point Ventures

by AIP Online Bureau | Feb 16, 2022 | Health, Indian News, Non-Life, Technology

The round also saw participation from We Founder Circle, Dexter Angels, Campus Fund, HEM Angels and other private investors, according to a release by HealthySure Mumbai: Insurtech HealthySure has raised $1.2 million (Rs 9crore approx.) in a Pre-Series A round led by...

Global insurance market sees higher M&A deals in 2021 despite pandemic: Clyde & Co report

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

The pandemic has accelerated innovation in the industry with re/insurers prepared to buy, fund or partner with the technology companies that can help provide product innovation and greater agility to deliver a competitive advantage, said the Clyde & Co. report,...

Climate migration fuels conflicts in Bay of Bengal region

by AIP Online Bureau | Feb 16, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Disastrous floods, deadly heatwaves and devastating cyclones are taking a heavy toll in the Bay of Bengal region, which covers more than 2 million sq km (772,204 sq miles) – impacting Bangladesh and parts of Sri Lanka, Indonesia, Myanmar and India Military and...

Global EV sales up 109% in 2021, Tesla leads with 14% share

by AIP Online Bureau | Feb 15, 2022 | Data, Non-Life, Technology

The total global car market grew just 4 per cent in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages, while EV sales represented 9 per cent of all passenger car sales last year, according to market research firm Canalys Nearly 85 per cent...

LIC policyholders need to update PAN details by Feb 28 to participate in IPO

by AIP Online Bureau | Feb 15, 2022 | Indian News, Life, Wealth Management/ Philanthropy

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...

BIS chief says new policies needed to enhance resilience of private firms

by AIP Online Bureau | Feb 15, 2022 | Eco/Invest/Demography, International News, Policy, Risk Management

“I think that now we need to move more into more focused and targeted type of policies that can enhance the resiliency of firms — not of all of them because we know that they have been sectoral shifts, shifts in demand and so on and some firms regretfully...

Separation of chairperson, MD positions voluntary: Industry welcomes Sebi’s decision

by AIP Online Bureau | Feb 15, 2022 | Indian News, Regulation

Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis Mumbai: Industry bodies on Tuesday...

Covid can be said to have become endemic only after 4 weeks of consistently low cases: Virologist

by AIP Online Bureau | Feb 15, 2022 | Facts, Health, Pandemic, Policy

He also said the endemic phase of COVID-19 is expected to last many months and it is ” most unlikely” that another variant with higher transmissibility than Omicron and greater virulence than Delta will emerge The third wave of COVID-19 in India has been...
Cryptocurrencies threaten financial sovereignty, need to be banned: RBI Dy Guv

Cryptocurrencies threaten financial sovereignty, need to be banned: RBI Dy Guv

by AIP Online Bureau | Feb 15, 2022 | Indian News, Regulation, Technology

”We have also seen that cryptocurrencies are not amenable to definition as a currency, asset or commodity; they have no underlying cash flows, they have no intrinsic value; that they are akin to Ponzi schemes, and may even be worse. These should be reason enough...

US Judge blocks Biden administration order on climate risks

by AIP Online Bureau | Feb 14, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

The “social cost of greenhouse gases” estimate is used in rule-making and permitting processes to estimate economic damages associated with a rise in greenhouse gas emissions. Those could include things like impacts to agricultural productivity or property damage from...
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