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Demand, employment severely hit by 2nd wave of Covid: RBI

by AIP Online Bureau | May 18, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pandemic, Technology

Mumbai, As the severe Covid crisis and the resultant lockdowns have shut down economic activities to a great extent, the monthly RBI Bulletin has said that demand and employment have been among the most impacted economic aspects amid the second Covid wave. The RBI...

India second largest insurtech market in APAC: S&P Report

by AIP Online Bureau | May 18, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Technology

  New Delhi India is the second largest insurance-technology market in Asia-Pacific and accounted for 35 per cent of the USD 3.66 billion insurtech-focused venture capital invested in the region, according to S&P Global Market Intelligence data. The data...

269 doctors died due to COVID in second wave of pandemic: Indian Medical Association

by AIP Online Bureau | May 18, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: The Indian Medical Association (IMA) on Tuesday said that 269 doctors across the country have lost their lives due to COVID-19 infection in the second wave of coronavirus pandemic. The IMA said Bihar suffered the largest number of casualties (78)...

Ransomware attack hits 4 Asian countries of AXA subsidiary

by AIP Online Bureau | May 18, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

PARIS – A targeted ransomware attack hit four countries among the Asian operations of Axa Partners, the international subsidiary of Axa insurance group, with some data in Thailand accessed, Axa Partners said. The attack and its full impact were being...

HX launches in Asia to bring its data, digital and analytics capabilities closer to clients and carriers across the region

by AIP Online Bureau | May 18, 2021 | International News, Non-Life, Reinsurance, Risk Management, Technology

  London/Singapore: HX, the data, digital and analytics division of Howden Group Holdings, today announced that it has established HX Asia, which enables it to deploy its data, analytics and technology capabilities directly to clients and carriers in the Asian...

$10 trillion lost globally due to COVID-19 pandemic and lockdowns:WHO Report  

by AIP Online Bureau | May 18, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

  Rome: States that invest too little in public health could have their credit ratings cut, according to the chair of a World Health Organization panel that wants a new global body set up to spell out the risks to financial stability from healthcare failures. The...

Laurent Rousseau to succeed Kessler as SCOR’s CEO

by AIP Online Bureau | May 18, 2021 | International News, Non-Life, Reinsurance

  Paris: The SCOR Board of Directors has choosen Laurent Rousseau as the new CEO of the company,the fourtg largest global reinsurer. The company's  Board of Directors has decided to separate the roles of Chairman of the Board and Chief Executive...

Insurance for safeguarding employee value:Lloyd’s report

by AIP Online Bureau | May 17, 2021 | Articles, Eco/Invest/Demography, Health, Intermediaries, Life, Non-Life, Pandemic, Technology

  Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today published a new report in collaboration with KPMG, which looks at how human capital, or the collective abilities and skills of employees, is a...

India’s virus cases lower but WHO expert says positive tests ominously high

by AIP Online Bureau | May 17, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: India on Monday reported a further decline in new coronavirus cases though daily deaths remained above 4,000 and experts warned that the count was unreliable due to a lack of testing in rural areas, where the virus is spreading fast. For months now,...

Govt may table amendment to DICGC Act in monsoon session

by AIP Online Bureau | May 17, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  New Delhi: In a bid to ensure timely support to depositors of stressed banks, the government may bring amendment to DICGC Act in the monsoon session with the objective to provide account holders easy and time-bound access to funds to the extent of the deposit...
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