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AXA XL appoints Marine Ress as Chief Underwriting Officer, Casualty for APAC & Europe

by AIP Online Bureau | Jul 5, 2021 | International News, Non-Life, Reinsurance

  New Delhi: AXA XL Insurance today announced it has appointed Marine Ress as Chief Underwriting Officer, Casualty, APAC & Europe. Her appointment is effective as of October 1st and she will be based in Paris. In this role, Ms. Ress will oversee the...

Rural Thrust: Indian Insurance Penetration

by AIP Online Bureau | Jul 5, 2021 | Articles, Eco/Invest/Demography, Health, Non-Life, Pandemic

  Dr. Daleep  Pandita No financial compensation from insurance sector against the massive damages caused due to recent cyclone storm in costal parts of India,  has exposed the outreach of insurance services in rural India.   With more than Rs...

Increase in household debt stress is worrying: SBI report

by AIP Online Bureau | Jul 5, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

Mumbai: The beginning of second Covid-19 wave has resulted in significant deposit outflows from banking system in alternated fortnights, the pace of which has now again moderated, according to a new report from State Bank of India's (SBI's) economic research...

India’s June services activity shrinks at fastest rate in 11-months

by AIP Online Bureau | Jul 5, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Workplace/Employee Benefits

  Activity in India's dominant services sector contracted sharply in June as tighter restrictions to contain a resurgence of coronavirus cases hammered demand and forced firms to shed jobs at a rapid clip, a private survey showed on Monday....

India records 39,796 new COVID-19 cases, 723 deaths

by AIP Online Bureau | Jul 5, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

New Delhi, India saw a single-day rise of 39,796 new Covid infections, which took the tally of cases to 3,05,85,229, while the death toll climbed to 4,02,728 with 723 more fatalities, the lowest in around 88 days, according to Union Health Ministry data updated on...

50 dead, 49 injured in Philippine military’s worst air disaster

by AIP Online Bureau | Jul 5, 2021 | Disaster & Management, International News

Philippine troops found the last five dead from the crash of a transport aircraft in the south, raising the death toll to 50 in the military's worst air disaster, officials said Monday. The Lockheed C-130 Hercules was carrying 96 mostly combat troops when it...

Health and Term Insurance Price Index marks a huge jump in Quarter 2

by AIP Online Bureau | Jul 5, 2021 | Facts, Health, Life

  Gurugram: PolicyX.com, a web insurance aggregator, unveiled the 'Insurance Price Index' data for the second quarter of 2021. According to the report, there is a drastic shift spotted in the insurance price index of both – Term Insurance &...

Air India flyer seeks Rs 30 lakh damages over data breach of 4.5 million passengers

by AIP Online Bureau | Jul 5, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  New Delhi: An Air India flyer has sought damages from the airline after the recent leak of personal data of 4.5 million passengers including hers and her husband's. A legal notice was sent to Air India management on Sunday by Ritika Handoo in which she said...

When can masks be ditched? UK leader to revamp virus rules

by AIP Online Bureau | Jul 5, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

Prime Minister Boris Johnson will provide an update Monday on plans to ease COVID-19 restrictions in England, amid speculation that he will scrap rules that require people to wear masks in many public settings. Johnson is scheduled to hold a press conference on the...

NGT directs Jindal Saw Ltd to pay Rs 4 cr compensation for damaging houses by illegal blasting

by AIP Online Bureau | Jul 4, 2021 | Disaster & Management, Indian News, Risk Management

New Delhi: The National Green Tribunal has directed Jindal Saw Ltd to deposit Rs 4 crore as compensation because illegal blasting by it had caused damage to several houses in Pur village in Rajasthan's Bhilwara district. A bench headed by the tribunal's...
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