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New Zealand’s Auckland stays in lockdown, officials report Pfizer-linked death

by AIP Online Bureau | Aug 30, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy

  Aug 30: New Zealand Prime Minister Jacinda Ardern on Monday extended a lockdown in Auckland by two weeks, while officials reported the country's first death linked to the Pfizer-BioNTech COVID-19 vaccine. New Zealand had been largely virus-free for months,...

ELEMENT and Parametrix launch innovative cloud outage insurance in Europe

by AIP Online Bureau | Aug 30, 2021 | International News, Non-Life, Reinsurance, Technology

  Berlin, Aug 28: ELEMENT, Germany's only 100% cloud-based insurance company, announced a new partnership with US-based Parametrix Insurance – the first on an international level. Together the companies have launched a first-of-its-kind parametric...

M&A in global insurance sector remain subdued during H1

by AIP Online Bureau | Aug 30, 2021 | Health, International News, Life, Non-Life

  Despite witnessing robust U.S.Mergers and acquisitions (M&A) activities, the global insurance industry fell 3% in the first half of 2021. There were  197 completed deals worldwide, down from 206 in the second half of 2020, said Clyde & Co.’s...

Japan’s Fukushima nuclear water to be released via undersea tunnel

by AIP Online Bureau | Aug 29, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Tokyo: The operator of the wrecked Fukushima nuclear power plant said Wednesday it plans to build an undersea tunnel so that massive amounts of treated but still radioactive water can be released into the ocean about 1 kilometer (0.6 mile) away from the plant...

Climate Change: Insurers can afford to drop Oil and Gas—but many won’t

by AIP Online Bureau | Aug 29, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry. To date, just one insurer has promised to take “significant action” in this regard,...

Global COVID-19 toll surpasses 4.5 million, US daily average for new cases increases

by AIP Online Bureau | Aug 29, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy, Risk Management

Washington, Aug 30: The number of coronavirus cases confirmed all over the world has surpassed 216.3 million, while the global COVID-19 death toll stands at over 4.5 million, according to the latest data from the Johns Hopkins University's Coronavirus Resource...

Govt extends deadlines for various I-T compliances, GST relief

by AIP Online Bureau | Aug 29, 2021 | Eco/Invest/Demography, Indian News, Policy

New Delhi: The government on Sunday extended the deadline for various compliances under the income tax law and availing relief under the GST law to help taxpayers tide over difficulties in filing such forms. While the income tax compliances, including filing of...

Govt brings new ‘BH’ registration series for personal vehicles to ensure seamless transfer across states

by AIP Online Bureau | Aug 29, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Policy

New Delhi: To ensure seamless transfer of personal vehicles across states, the road transport ministry has come up with a new registration mark for new vehicles – Bharat Series (BH-series). In this regard, the government has notified a new vehicle registration...

Subscribers joining NPS after 65 yrs of age can take up to 50 pc equity exposure

by AIP Online Bureau | Aug 29, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: Making the National Pension System (NPS) more attractive for subscribers joining it after 65 years of age, the PFRDA has permitted them to allocate up to 50 percent of the funds in equity, besides easing the exit norms. The Pension Fund Regulatory...

Sports Minister Anurag Thakur launches Fit India Mobile App on National Sports Day

by AIP Online Bureau | Aug 29, 2021 | Facts, Health

New Delhi: Sports Minister Anurag Thakur on Sunday launched the Fit India mobile app, a personal trainer-cum-fitness guide, on the occasion of the second anniversary of the Fit India Movement here. Thakur said the app was a gift from the government to the people of...
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