by AIP Online Bureau | Jan 14, 2021 | International News, Reinsurance, Risk Management
London: The reinsurance market continued hardening at the January 2021 renewals as pandemic-related claims, high natural catastrophe losses and pressure on liability lines of business led to widespread price increases that often went beyond claims inflation,...
by AIP Online Bureau | Jan 14, 2021 | Facts, Intermediaries, Non-Life
Aon Plc, an insurance brokerage that’s previously been questioned about ties to the Trump Organization, said it ended a relationship with the business. An Aon spokesperson confirmed the news Wednesday. In 2019, Aon received a subpoena from New...
by AIP Online Bureau | Jan 14, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Risk Management
MUMBAI/TOKYO: Asia’s chicken farmers are confronting the region’s worst bird flu outbreak in years, with the deadly virus affecting farms stretching from Japan to India, roiling some poultry prices and showing no signs of easing.More than 20 million...
by AIP Online Bureau | Jan 14, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic
New Delhi: The Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY22 (fiscal year ending March 2022) growth will slow to around 6.5 per cent a year over FY23-FY26, Fitch Ratings said on Thursday....
by AIP Online Bureau | Jan 13, 2021 | Uncategorized
New Delhi: Amid the spread of bird flu in the ten states across the country, the Ministry of Fisheries, Animal Husbandry and Dairying (MFAHD) on Wednesday asked all the states not to ban the supply of poultry and poultry products from other states, stating that...
by AIP Online Bureau | Jan 13, 2021 | Uncategorized
Beijing: Digital decoupling between China and the United States could severely impact EU businesses in China and they should "prepare for the worst" and may be forced into a costly separation of their international operations, European business groups...
by AIP Online Bureau | Jan 13, 2021 | Eco/Invest/Demography, International News, Technology
London: Bengaluru has emerged as the world's fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India's financial centre of Mumbai in sixth place, according to new research...
by AIP Online Bureau | Jan 13, 2021 | Uncategorized
More than 16,000 victims have now joined a case seeking compensation from the airline. They could claim 2,000 pounds ($2,724) each, according to PGMBM, the law firm representing the claimants. “We trust companies like British Airways with our personal...
by AIP Online Bureau | Jan 13, 2021 | International News, Non-Life, Reinsurance, Risk Management
LONDON: Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.The possibility of more attacks on commercial...
by AIP Online Bureau | Jan 13, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic
LONDON: The dramatic global shift to remote working during COVID-19 lockdowns has underscored an urgent need for greater protections for homeworkers, many of whom are paid far less than those employed outside the home, the United Nations said on Wednesday....
