by AIP Online Bureau | Sep 8, 2021 | Eco/Invest/Demography, Indian News
NEW DELHI, Sept 08: The government is considering allowing foreign institutional investment of up to 20% in Life Insurance Corporation, according to a government source. The listing of LIC is set to be India's biggest ever IPO, with the government aiming to...
by AIP Online Bureau | Sep 8, 2021 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Non-Life
Many extreme environmental events have a devastating effect on people's lives, and a new UN report reveals that many of them are linked by the same underlying causes. On the day the study is released, we look at the impact of a locust swarm on a Kenyan farmer, and...
by AIP Online Bureau | Sep 8, 2021 | International News, Non-Life, Reinsurance
Paris: AXA announced today that it has completed the sale of its 50% shareholding in AXA Gulf and its 34% shareholding in AXA Cooperative Insurance Company (in Saudi Arabia) to Gulf Insurance Group, for a cash consideration of USD 264 million (or Euro 222 million*)....
by AIP Online Bureau | Sep 8, 2021 | Indian News, Intermediaries, Non-Life, Reinsurance
NOIDA, India: RMS®, a global leading catastrophe risk solutions company,and Indian re/insurance broker J. B. Boda Group announce a new agreement towards licensing the RMS® India Earthquake Model and RMS® India Inland Flood Model and the adoption of RMS...
by AIP Online Bureau | Sep 8, 2021 | Indian News, Non-Life, Reinsurance
While the domestic market continues to present significant growth opportunities for New India, intense competition in the largest lines of motor and health business continue to drive premium rate inadequacies and pressure underwriting margins. Singapore: International...
by AIP Online Bureau | Sep 8, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance
London: The outlook for the global reinsurance sector is improving for 2022, Fitch Ratings says in a new report. “We expect significant improvements in reinsurers’ financial performances due to higher prices in a hardening market, a strong rebound...
by AIP Online Bureau | Sep 8, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
New Delhi, Sept 08 The government's various initiatives have led to fast growth in the fintech sector, which is likely to triple to Rs 6,20,700 crore in value terms by 2025, Minister of State for Finance Bhagwat K Karad said on Wednesday. Highlighting that India...
by AIP Online Bureau | Sep 8, 2021 | Eco/Invest/Demography, Facts, Health, Life, Non-Life, Pandemic, Policy
UN: The General Assembly on Tuesday held a High-level Forum on the Culture of Peace, focused on building resilience and a fair recovery against the continued ravages of COVID-19. Opening the event, the President of the General Assembly, Volkan Bozkir, said "the...
by AIP Online Bureau | Sep 8, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi, Sept 08: Looking at the diverse conditions of the country, door-to-door COVID-19 vaccination is not feasible and it cannot pass a general direction to just scrap the existing policy, the Supreme Court said on Wednesday. The top court, which refused to...
by AIP Online Bureau | Sep 8, 2021 | Eco/Invest/Demography, Health, International News, Policy
Hundreds of thousands of people will die of tuberculosis left untreated because of disruption to healthcare systems in poor countries caused by the COVID-19 pandemic, a global aid fund said. In a few of the world's poorest countries, excess deaths from AIDS and...
