by AIP Online Bureau | Oct 6, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
New Delhi: India is considering a proposal that may force some of its dirtiest coal plants to close, as policy makers in one of the world’s top polluters increasingly focus on climate change. The plan under consideration by the power ministry would cap...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, Indian News
Mumbai: Subhendu Bal,chief actuary and chief risk officer of SBI Life Insurance, has been elected as the new president of Institute of Actuaries of India(IAI), a statutory body established under an Act of Parliament, for a tenure of two years. Bal...
by AIP Online Bureau | Oct 6, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
Mumbai: India’s third-largest private lender is joining its larger rivals in offering pay hikes to staff even as the economic fall out of the coronavirus pandemic threatens profit growth. Axis Bank Ltd. will increase staff salaries between 4% and 12% from Oct. 1...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Zurich: Swiss Re Corporate Solutions and Hitachi Europe Ltd. today announced a partnership to launch integrated insurance-based offerings for the digital era. As organisations increasingly depend on Artificial Intelligence (AI) powered automation for critical business...
by AIP Online Bureau | Oct 6, 2020 | International News, Non-Life
Insurance Australia Group IAG.AX on Tuesday said it had agreed to a class action settlement involving a gross payment of A$138 million ($99 million) over add-on insurance products sold through motor vehicle and motorcycle dealers. IAG, Australia’s...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Risk Management
Beijing: Association of China has published a 2019 social responsibility report, the first of its kind for the insurance sector. Last year, China's insurance industry raked in a total of 4.26 trillion yuan (about 625.5 billion U.S. dollars) in premium...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The motor insurance market in the Asia-Pacific region is projected to grow from US$227.1bn in 2019 to US$257.8bn in 2023, in terms of written premiums, according to GlobalData, a leading data and analytics company. GlobalData’s insight report,...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Risk Management, Technology
London/Munich/New York/Paris/Singapore: The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic
New Delhi: The daily spike in coronavirus infections dropped below 65,000 on Tuesday and the total recoveries surpassed 56 lakh pushing the recovery rate to 84.70 per cent, according to the Union Health Ministry. However, the COVID-19 caseload rose to 66,85,082 with...
by AIP Online Bureau | Oct 6, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management
A federal appeals court on Friday reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd to pay GlaxoSmithKline Plc $235.5 million for selling a generic version of Glaxo’s heart drug Coreg.In a 2-1 decision, the U.S. Federal Circuit...
