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In the hands of God:’ Central America bears brunt of powerful hurricane Iota

by AIP Online Bureau | Nov 17, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

PUERTO CABEZAS, Nicaragua: Hurricane Iota sent zinc roofing flying into the streets, toppled electricity poles and flayed palm trees as its core approached a remote Central American coast on Tuesday, the second giant storm to tear at the area this month.Iota reached...

Reinsurers’ pandemic losses have started to fade:Fitch

by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, International News, Non-Life, Pension & Social Security, Reinsurance

  London: The 9M20 results of the four major European reinsurers – Munich Reinsurance Company (Insurer Financial Strength (IFS): AA/Stable), Swiss Reinsurance Company Ltd (IFS: A+/Stable), Hannover Rueck SE (IFS: AA-/Stable) and SCOR SE (IFS: AA-/Stable)...

bolt reaches $4 bn in active insurance premium on its platform

by AIP Online Bureau | Nov 17, 2020 | Intermediaries, International News

NEW YORK: bolt has reached an all-time high of more than $4 billion in active insurance premium on its platform, growing premiums by more than a third since May. bolt's insurtech exchange is one of the world's leading platforms for distributing insurance...

Air travel reaching pre-COVID levels by year-end or early next year

by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, Indian News, Non-Life

HYDERABAD: Civil Aviation Minister Hardeep Singh Puri on Monday expressed confidence that air travel would reach pre-COVID levels by the end of the year or early next year. "We opened civil aviation on May 25, a good two months and two days after we have...

India in talks with Moderna for its Covid vaccine candidate: Sources

by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: India is in dialogue with the US-based biotech giant Moderna over the progress in the clinical trials of its coronavirus vaccine candidate, which the firm said has shown 94.5 percent efficacy, official sources said on Monday. Moderna on Monday said...

Pfizer moves US court against Aurobindo Pharma, Dr Reddy’s on cancer drug

by AIP Online Bureau | Nov 17, 2020 | Health, Indian News, Risk Management

  Hyderabad: Pfizer Inc and its group companies filed a petition in a US court against Aurobindo Pharma Ltd and Dr Reddy's Laboratories alleging that the Indian drug makers were planning separately to come out with generic versions of itsblockbuster...

Dip in new COVID-19 cases, India records 29,163 infections in single day

by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The number of new coronavirus infections reported in a day dropped below 30,000 after four months,taking India's COVID-19 caseload to 88.74 lakh, while? the number of people who have recuperated from the disease surged to 82,90,370 according to...

Cyber attacks up multi-fold in current environment: India”s cyber security coordinator

by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

Mumbai: Referring to China as a major "challenge" from a cybersecurity perspective for India, National Cyber Security Coordinator Lt Gen (retd) Rajesh Pant on Monday said cyberattacks have gone up multifold in the current environment. Pant, who took over the...

“Stunningly Impressive”: On Moderna Covid Vaccine Results

by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  Washington: The United States' top infectious disease scientist Anthony S. Fauci on Monday hailed early results from Moderna's Covid-19 vaccine trial as "stunningly impressive," calling the findings an emphatic validation of experimental mRNA...

Ahead of IPO FinMin invites bids from actuarial firms for valuing LIC

by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Indian News, Life, Policy

New Delhi: The finance ministry on Monday invited bids from actuarial firms for arriving at the embedded value of Life Insurance Corporation (LIC) ahead of its stake sale. The government plans to sell minority stake in the insurance behemoth and list it on the...
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