by AIP Online Bureau | Dec 7, 2021 | International News, Non-Life, Reinsurance
“We expect 2022 to be the fifth successive year of price rises, although we expect growth to be slower than in 2021 as non-loss-affected lines of business are likely to show a broadly stable price development,”said the rating agency.. Attractive rates and...
by AIP Online Bureau | Dec 7, 2021 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography
‘Installed capacity of solar energy in India has increased by more than 18 times from 2.63 gigawatt in March 2014 to 47.66 gigawatt in October 2021. As a result, India’s current share of non-fossil sources based installed capacity of electricity generation...
by AIP Online Bureau | Dec 7, 2021 | Data, Eco/Invest/Demography
ICRA Vice-President and Sector Head Suprio Banerjee said, ”Though the recovery continued in November, demand continues to be subdued from the corporate traveller segment as reflected by the passenger traffic being lower by around 19 per cent in November 2021...
by AIP Online Bureau | Dec 7, 2021 | Indian News, Life
The insurance behemoth LIC — the only state-owned life insurer in the country — witnessed over 32 per cent rise in the first-year business premium in November at Rs 15,967.51 crore, as against Rs 12,092.66 crore in the year-ago same period, Irdai data...
by AIP Online Bureau | Dec 7, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
The government’s plans to crack down heavily on cryptocurrency trading sparked a frenzy in the market and several investors exited with significant losses. New Delhi: Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India...
by AIP Online Bureau | Dec 7, 2021 | Indian News, Non-Life
In a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an order of “winding up SpiceJet and appointment of official liquidator” in a case filed by Credit Suisse claiming non-payment of $24.01 million dues to engine...
by AIP Online Bureau | Dec 7, 2021 | Indian News, Non-Life, Pandemic, Policy, Workplace/Employee Benefits
Minister of State for Health Bharati Pravin Pawar Further, on account of the unprecedented situation, private hospital staff and retired or volunteer/local urban bodies/contract/daily wage/ad-hoc/outsourced staff requisitioned by states/central hospitals/autonomous...
by AIP Online Bureau | Dec 7, 2021 | International News, Non-Life, Reinsurance
Ashish Raj, Insurance Analyst at GlobalData, commentED: “We are seeing clear indications of a Russian revival in 2021, with the country’s economy expected to grow by 4.1% by the end of the year as it benefits from rising oil and energy prices. As the economy recovers,...
by AIP Online Bureau | Dec 7, 2021 | International News, Non-Life, Risk Management
The proposed safety warning marks the first time manufacturing has come under regulators’ spotlight amid a growing commercial and industrial headache over flaws on the skin of the jets, which Airbus insists are safe to fly. Paris/Chicago: European regulators...
by AIP Online Bureau | Dec 7, 2021 | Eco/Invest/Demography, International News
The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth, up from slightly above 2% at the start of the pandemic in early 2020. Analysts say some super-rich have...
