by AIP Online Bureau | Jan 4, 2022 | Indian News, Pension & Social Security, Workplace/Employee Benefits
NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...
by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance
“There’s only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that’s pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden...
by AIP Online Bureau | Jan 4, 2022 | International News, Non-Life, Reinsurance
The market appears to have moved on from the Covid-19 claims of 2020 as primary companies’ claims reserves stabilise and reinsurance recoveries start to move through the market with an increasing number being settled Reinsurers have managed to achieve further...
by AIP Online Bureau | Jan 4, 2022 | Indian News, Risk Management
In a statement on Monday, a spokesperson of Devas Multimedia said an amount of over USD 30 million, which was held by global airlines body IATA on behalf of the AAI, has been seized by Devas Multimedia’s shareholders following a Canadian court order New Delhi:...
by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Health, Non-Life, Pandemic, Policy
Noting that in the major metro centres and the surrounding regions, the new variant of the virus is accounting for over 50 per cent of the fresh cases. The galloping increase in the number of Covid cases over the last one week is indicative of the third wave, as is...
by AIP Online Bureau | Jan 4, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
“If the FII buying yesterday is an indication of their renewed interest in India, financials particularly the leading banks, are likely to continue the momentum witnessed yesterday,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial...
by AIP Online Bureau | Jan 4, 2022 | Health, International News, Pandemic
The data, some scientists say, signal a new, less worrying chapter of the pandemic Several factors appear to have made the omicron variant less virulent, or severe, than previous waves of Covid-19. One factor is the virus’ ability to infect the lungs A string of new...
by AIP Online Bureau | Jan 4, 2022 | International News, Non-Life, Pandemic, Reinsurance
Capacity was ample for many lines but more constrained for retrocession and some components of property, including loss-impacted lower catastrophe layers and aggregates.Capacity for cyber aggregates was also limited Emerging risk factors, including climate change,...
by AIP Online Bureau | Jan 4, 2022 | International News, Non-Life, Reinsurance, Risk Management
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
by AIP Online Bureau | Jan 4, 2022 | International News, Wealth Management/ Philanthropy
The world’s most valuable company is the first to reach the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. Apple’s march from $2 trillion to $3 trillion...
