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Brit launches machine learning algorithm to enable faster claims response to catastrophe events

by AIP Online Bureau | Sep 21, 2021 | International News, Non-Life, Reinsurance, Risk Management

  London, Sept 21: Brit Ltd announced the creation and successful proof of concept launch of a proprietary machine learning algorithm designed to accelerate the identification of post catastrophe property damage, based on the use of ultra-high-resolution...

MS Amlin AG appoints Robert Wiest as CEO

by AIP Online Bureau | Sep 21, 2021 | International News, Non-Life, Reinsurance

Zurich: MS Amlin AG (MS AAG), the global reinsurer, today announces the appointment of Robert Wiest as Chief Executive Officer (CEO). Wiest will take up the role on 03 January 2022 and will be based in Zurich, Switzerland. Robert Wiest brings over 30 years of industry...

World Bank and Sri Lanka sign agreement to strengthen Climate Resilience

by AIP Online Bureau | Sep 21, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  COLOMBO, Sept 21 The Government of Sri Lanka and the World Bank signed a $92 million financing agreement for the Climate Resilience Multi-Phased Program Phase I Project. This project is expected to benefit around 11.2 million people across the country by...

World Bank chief says report on pressure to alter data ‘speaks for itself’

by AIP Online Bureau | Sep 21, 2021 | Uncategorized

  Washington: World Bank President David Malpass said on Monday that a law firm's investigation detailing pressure from senior World Bank officials in 2017 and 2019 to boost certain country rankings in the bank's annual Doing Business report "speaks...

EPFO adds 14.65 lakh members in July, up 31 pc over June

by AIP Online Bureau | Sep 21, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: Retirement fund body EPFO recorded net new enrolments of 14.65 lakh in July, 31.28 per cent higher than 11.16 lakh in June this year, giving a perspective of formal sector employment in the country. The provisional payroll data of EPFO...

Need to mainstream green finance: RBI Dy governor

by AIP Online Bureau | Sep 20, 2021 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management

  Mumbai: There is a need to mainstream green finance and devise ways for incorporating environment impact into commercial lending decisions, RBI Deputy Governor M Rajeshwar Rao has said. Addressing climate risk in the financial sector should be the joint...

28% household in Delhi have one or more member with flu-like symptoms: Survey

by AIP Online Bureau | Sep 20, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

New Delhi, Sept 20: A new survey has revealed that 28 percent of surveyed households in the national capital have one or more member showing flu-like symptoms. Released by LocalCircles, the survey was based on answers by 7,697 respondents across Delhi who were asked...

Health Ministry in touch with MEA over UK non-acceptance of Covishield beneficiaries

by AIP Online Bureau | Sep 20, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

New Delhi: After Union Minister of Health and Family Welfare Mansukh Mandaviya on Monday announced that in the fourth quarter this year, the Government of India will resume Vaccine Maitri, sources today informed that the neighbouring countries will get priority under...
Indian general insurers defy Covid barriers, record 300% jump in net profit to Rs 3,868 cr during FY2021

Indian general insurers defy Covid barriers, record 300% jump in net profit to Rs 3,868 cr during FY2021

by AIP Online Bureau | Sep 20, 2021 | Articles, Health, Non-Life, Pandemic

An analysis by AIP Analytics on the basis of industry figures, as compiled by the General Insurance Council, has shown the domestic general insurance industry with 24 general insurance players including four public sector companies, five stand-alone health players and...

COVID-19: India logs 30,256 new cases and 295 fatalities

by AIP Online Bureau | Sep 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: With 30,256 people testing positive for coronavirus infection, India's total tally of COVID-19 cases rose to 3,34,78,419, while the active cases declined to 3,18,181, the lowest in 183 days, according to the Union health ministry data updated on...
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