by AIP Online Bureau | Nov 14, 2020 | Eco/Invest/Demography, International News
Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation heats up amid anemic profitability and tightening regulation. Bion, who started her career at Citigroup in...
by AIP Online Bureau | Nov 14, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
HANOI/MANILA: Vietnam was bracing for Typhoon Vamco to make landfall in the country’s central coast early on Sunday, as the death toll in the Philippines rose to 53 from that country’s deadliest storm this year. Packing winds of up to 165 kph (103 mph),...
by AIP Online Bureau | Nov 14, 2020 | Eco/Invest/Demography, Facts, Health, Pandemic, Risk Management
If the Pfizer-BioNTech vaccine gains regulatory approval by Christmas, we can cheer the scientists for heroic work. But it will be the distribution decisions made by governments that will determine how quickly we can all exit Covid confinement. The U.K. has put...
by AIP Online Bureau | Nov 14, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance
LONDON: Insurers in Britain risk being optimistic in estimating losses from COVID-19 related claims and should stress test their underlying assumptions, the Bank of England said on Friday.Insurers in Britain have come under fire for failing to pay out on claims from...
by AIP Online Bureau | Nov 14, 2020 | Eco/Invest/Demography, Health, International News, Pandemic
G20 finance ministers have agreed for the first time on a new joint framework for restructuring government debt, in anticipation that the coronavirus crisis will leave some poor countries in need of deep relief. The COVID-19 pandemic is straining the finances of some...
by AIP Online Bureau | Nov 14, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a warming planet. “Acute hazards, such as...
by AIP Online Bureau | Nov 13, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: India's COVID-19 tally of cases climbed to 87.73 lakh with 44,684 new infections in a day, while 81,63,572 people have recuperated from the disease so far, bringing the national recovery rate to 93.04 per cent on Saturday, according to the Union...
by AIP Online Bureau | Nov 13, 2020 | Health, Indian News, Non-Life
Mumbai: Health and general insurers will soon be permitted to offer a standard insurance cover to the public for treatment of vector-borne diseases like dengue, malaria and chikungunya. Regulator IRDAI on Friday came out with an exposure draft on Standard...
by AIP Online Bureau | Nov 13, 2020 | Indian News, Reinsurance
Mumbai: Backed by a handsome investment income,amidst Covid-19 Pandemic, state owned GIC Re has turned profitable in Q2 FY 2021 by recording profit of Rs 230 .06 crore during the period against a loss of Rs 595.44 crore in the year-ago period. Despite...
by AIP Online Bureau | Nov 13, 2020 | Eco/Invest/Demography, International News, Non-Life
Fifteen Asia-Pacific economies are set to conclude talks on Sunday and sign what could become the world’s largest free trade agreement, covering nearly a third of the global population and about 30% of its global gross domestic product.The Regional Comprehensive...
