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India set to become world’s fastest-growing economy, Finance Ministry report says

by AIP Online Bureau | Nov 11, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The report said, softening retail inflation and adequate liquidity in the market are also reflected in largely stable G-Sec and corporate bond yields since July 2021. New Delhi: Armed with necessary macro and micro growth drivers, India is on its way to becoming the...

Depression to cross coast between TN and AP around Chennai this evening, says IMD

by AIP Online Bureau | Nov 11, 2021 | Eco/Invest/Demography, Indian News, Non-Life

“It is very likely to continue to move west-northwestwards and cross north Tamil Nadu & adjoining south Andhra Pradesh coasts around Chennai by the evening of today,” it added. As a result, Deputy Director General of Meteorology, S Balachandran said...

Fintech funding in Southeast Asia triples to record $3.5 bln this yr – report

by AIP Online Bureau | Nov 11, 2021 | Data, International News, Technology

Singapore, Southeast Asia’s financial hub, accounted for nearly half of the region’s deals at $1.6 billion, including six mega rounds worth a combined $972 million. The next most active was Indonesia, the region’s most populous country, with $904...

QBE Re launches life reinsurance for MENA with addition to Dubai office

by AIP Online Bureau | Nov 11, 2021 | International News, Life, Reinsurance

The newly created role marks an expansion of QBE Re’s offering in the region to focus on growing opportunities in the MENA life reinsurance market. QBE Re has appointed Mohamed El Sabri as Head of Life Reinsurance for Middle East and North Africa (MENA).Subject to...
Flooding: more likely, more extreme and more unpredictable

Flooding: more likely, more extreme and more unpredictable

by AIP Online Bureau | Nov 11, 2021 | Articles, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

-Unprecedented weather patterns are challenging the flood risk landscape, which was previously well defined by government and historic records-Many flood damages occur outside of mapped river floodplains, and companies outside larger hazard zones can still be affected...
DAS SAYS GDP TO CLIP AT 9.5% AS GROWTH IMPULSES STRONG

DAS SAYS GDP TO CLIP AT 9.5% AS GROWTH IMPULSES STRONG

by AIP Online Bureau | Nov 11, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Reserve Bank Governor Shaktikanta Das Mumbai: Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded Crediting various measures taken by the government and RBI for the...

U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower

by AIP Online Bureau | Nov 11, 2021 | International News, Non-Life, Technology, Workplace/Employee Benefits

The payout to Kim is the first under the U.S.Motor Vehicle Safety Whistleblower Act, passed by Congress in 2015 to create a whistleblower reward program in the Department of Transportation for industry insiders who provide information to safety regulator The U.S. auto...

WTW partners with Indeez for gig workers and digital platforms in Asia Pacific

by AIP Online Bureau | Nov 11, 2021 | Intermediaries, International News, Life, Non-Life, Technology, Workplace/Employee Benefits

Simon Weaver, Head of Corporate Risk & Broking, Asia Pacific, and Head of Australasia, WTW said: “Prior to the outbreak of COVID-19, the International Labour Organisation estimated that 1.3 billion people were working in the gig economy in 2018 in this region. The...

Equity MFs log Rs 5,215-crore inflow in Oct amid rally in markets

by AIP Online Bureau | Nov 10, 2021 | Eco/Invest/Demography, Indian News

Equity schemes have been witnessing a net inflow since March this year and the segment has received a net inflow of Rs 73,766 crore during this period, highlighting the positive sentiments among investors. Before this, such schemes had consistently witnessed outflows...

Electric vehicle sales set to jump 80% in 2021: Report at COP2

by AIP Online Bureau | Nov 10, 2021 | Facts, Non-Life, Technology, Trends, Facts

In the first half of 2021, sales of passenger electric vehicles (including battery electric, plug-in hybrid and fuel cell vehicles) were 140 per cent higher than the same period in 2019, reaching seven per cent of global passenger vehicle sales. Glasgow:Passenger...
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