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Cigna profit gets boost from lower costs as patients delay surgery

by AIP Online Bureau | Jul 30, 2020 | Eco/Invest/Demography, International News

  Health insurer Cigna Corp beat Wall Street expectations for second-quarter profit on Thursday, helped by lower medical costs from delayed surgical procedures and strong sales from its pharmacy benefits business. The company, like rivals UnitedHealth Group Inc...

Coastal flooding could hit 20% of world GDP by 2100 – study

by AIP Online Bureau | Jul 30, 2020 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  LONDON:  Failure to rein in climate change and bolster sea defences could jeopardize up to a fifth of the world’s economic output by the end of the century, as flooding threatens coastal countries worldwide, according to a study released on...

Swiss Re reshuffles APAC management team

by AIP Online Bureau | Jul 30, 2020 | International News, Non-Life, Reinsurance

Zurich: In a bid to strengthen its Asia Pacific  business , Swiss Re has reshuffled its top team in the region with effective from September 2020, . According to a Swiss Re announcement on Thursday, Sharon Ooi,currently managing director, head of P&C...

Deadline for filing I-T returns extended till Sept 30

by AIP Online Bureau | Jul 30, 2020 | Eco/Invest/Demography, Indian News, Policy

New Delhi: The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30. “In view of the constraints due to the Covid pandemic & to further ease compliances for taxpayers, CBDT extends the...

Global health agencies fear wealthier countries will go it alone on Covid-19 vaccines

by AIP Online Bureau | Jul 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

London: It's dog eat dog in the world of COVID-19 vaccines. That's the fear of global health agencies planning a scheme to bulk-buy and equitably distribute vaccines around the world. They are watching with dismay as some wealthier countries have decided to go...

India found cybersecurity lapses at National Payments Corp in 2019 – government document

by AIP Online Bureau | Jul 30, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

NEW DELHI :  A government audit of India’s flagship payments processor last year found more than 40 security vulnerabilities including several it called “critical” and “high” risk, according to an internal government document...

India sees record spike of 52,123 COVID-19 cases, recoveries cross 10 lakh

by AIP Online Bureau | Jul 30, 2020 | Eco/Invest/Demography, Indian News, Pandemic

New Delh: COVID-19 cases in India crossed the 50,000 mark in a single day for the first time, pushing the virus tally to 15,83,792, while the recoveries went past 10 lakh on Thursday, according to the Union Health Ministry data.? The country registered a record...

LIC’s total premium rises by 13% to Rs 3,79 trillion,assets at Rs 31.96 trillion in 2019-20

by AIP Online Bureau | Jul 29, 2020 | Indian News, Life

Mumbai:  Despite being hit by the nationwide lock down due to  Covid-19 Pandemic in March, the most productive month for the Life Insurance Corporation(LIC),  the life insurance behemoth has seen its total premium rising by12.50 per cent year on...

Insurers walk tightrope of risky corporate credit

by AIP Online Bureau | Jul 29, 2020 | Eco/Invest/Demography, International News, Risk Management

  London: Normally among the most conservative of investors, insurers facing shrinking returns and big future payouts are delving increasingly into riskier corporate debt, potentially exposing themselves to defaults and more regulatory scrutiny. Insurers globally...

South Korea investigates suspected safety issues with Tesla vehicles

by AIP Online Bureau | Jul 29, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  South Korea said it is investigating suspected safety issues with vehicles made by U.S. automaker Tesla Inc, which is competing strongly with Hyundai Motor Co in the South Korean electric vehicle market. Braking and steering systems including the Autopilot...
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