by AIP Online Bureau | Jul 3, 2021 | International News, Non-Life, Reinsurance
London: Reinsurance rate increases continued for most major lines and territories during the 1.6 and 1.7 renewal period; however, in many cases reinsurers had to accept firm order terms below their initial quotes. That indicates that the market is approaching...
by AIP Online Bureau | Jul 3, 2021 | Eco/Invest/Demography, International News, Life, Pension & Social Security
OLDWICK, N.J: The private equity industry has significantly increased its exposure in the life/annuity (L/A) insurance industry over the last decade, with private equity-owned or sponsored insurers’ admitted assets growing to $604.1 billion in 2020 from...
by AIP Online Bureau | Jul 3, 2021 | Uncategorized
New Delhi: Facebook ''actioned'' over 30 million content pieces across 10 violation categories during May 15-June 15 in the country, the social media giant said in its maiden monthly compliance report as mandated by the IT rules. Instagram took action...
by AIP Online Bureau | Jul 3, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology
Didi Global Inc. tumbled Friday after China said it’s starting a cybersecurity review of the ride-hailing company just two days after it pulled off one of the biggest U.S. stock market debuts of the past decade. The move is to prevent data security risks,...
by AIP Online Bureau | Jul 3, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance
London: A recent poll by GlobalData has revealed that the reputation of the insurance industry globally has taken a hit due to its response to the COVID-19 pandemic. The poll found that almost a third (29%) of respondents felt that their opinions on global...
by AIP Online Bureau | Jul 3, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Technology
New Delhi: Sachin Bansal,co-founder,Navi Technologies, on Friday said financial services present a large opportunity and by bringing a consumer tech thought process, new-age companies are well-positioned to tap into underpenetrated segments like insurance,...
by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic
Hyderabad: Bharat Biotech's Covaxin has demonstrated 77.8 percent effectiveness against symptomatic COVID-19 and65.2 percent protection against the new Delta variant. The company on Saturday said it concluded the final analysis of Covaxin efficacy from...
by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, International News, Policy
LONDON: Britain's finance minister pledged on Thursday to "sharpen" the competitive advantage of the UK financial services sector as he set out his vision for its future after the City of London lost business to the bloc after Brexit. In his first...
by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation
New Delhi: The national drug pricing regulator NPPA on Friday said it has allowed a one-time increase of 50 per cent in the ceiling prices of nine scheduled formulations of three drugs – carbamazepine, ranitidine and ibuprofen – to ensure their...
by AIP Online Bureau | Jul 2, 2021 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Several states of north India reeled under heatwave on Friday, though scattered rains and cool winds brought some relief to people in Delhi, while in Tripura over 2,000 people were moved to relief camps due to flash floods in two districts. The...
