by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Facts, Technology, Workplace/Employee Benefits
The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday. The gig economy, where workers get hired typically for short durations, can lead...
by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: India reported 53,480 new COVID-19 cases and 354 related deaths in the last 24 hours, informed the union health ministry on Wednesday morning. With these additional cases, the total number of infections in the country has reached 1,21,49,335. Maharashtra...
by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Indian News, Life, Technology
New Delhi: Max Life Insurance announced the selection of four startups to engage with under the second edition of its flagship InsurTech accelerator program – ‘Max Life Innovation Labs 2.0’. Through a virtual ‘Pitch Day’, organized...
by AIP Online Bureau | Mar 31, 2021 | International News, Non-Life, Reinsurance
London: Lloyd’s today announced a loss of £0.9bn (pre-tax) for 2020, driven by £3.4bn net incurred COVID-19 losses, which contributed 13.3% to the market’s combined ratio of 110.3%. Throughout 2020, Lloyd’s provided significant...
by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management
ISMAILIA, Egypt: The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but experts warned that disruptions to global shipping and at ports could take months to resolve.The blockage...
by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Singapore: AM Best expects the severe flooding in Australia’s eastern states to put pressure on insurance companies’ underwriting results over the near term and add to the industry’s recently elevated loss burden from natural catastrophe...
by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic
Washington: The Pfizer and Moderna Covid-19 vaccines provide highly effective protection under real-world conditions, according to a new report from the US Centers for Disease Control and Prevention. CNN reported that at full vaccination, the vaccines were 90...
by AIP Online Bureau | Mar 31, 2021 | Health, International News, Risk Management
Paris: A French court on Monday found pharma giant Servier guilty of "aggravated fraud" and "involuntary manslaughter" over a diabetes and weight loss pill blamed for hundreds of deaths in one of the country's biggest recent health scandals....
by AIP Online Bureau | Mar 31, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology
Mumbai, About 52 per cent of Indian organisations said they fell victim to a successful cybersecurity attack in the last 12 months, according to a survey released on Tuesday. Of these successful breaches, 71 per cent of organisations admitted it was a serious...
by AIP Online Bureau | Mar 30, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
Mumbai: Come April there will be no automatic recurring payment for various services including recharge and utility bill as RBI has made Additional Factor of Authentication (AFA) mandatory after March 31. However, banks and payment gateways are seeking...
