by AIP Online Bureau | Jul 18, 2020 | International News, Reinsurance
London: International rating agency AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” of te Swiss Re, the second largest global reinsurer and its rated...
by AIP Online Bureau | Jul 18, 2020 | Indian News, Non-Life
Mumbai: After hitting a record 19% market share in the June quarter from 14% in March 2020, the New India Assurance(NIA),the largest Indian general insurance multinational,is now focussing on to grow its profitability. “While the...
by AIP Online Bureau | Jul 17, 2020 | Eco/Invest/Demography, Indian News
New Delhi: The Indian industry has a delayed recovery in comparison to other countries, but the FMCG sector has touched pre-Covid-19 level sales in June primarily helped by a rebound in rural consumption and sales from traditional channels, said data analytics...
by AIP Online Bureau | Jul 17, 2020 | Indian News, Non-Life
Mumbai: With a combined ratio of 99.7 per cent in June quarter, ICICI Lombard General Insurance,has seen its net profit growing by 28.5 per cenr year-on -year(Y-O-Y) to Rs 398 crore during the period. The largest private sector general...
by AIP Online Bureau | Jul 17, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
UN: About 273 million Indians moved out of multidimensional poverty between 2005-6 and 2015-16, according to a UN report, which noted that India has recorded the largest reduction in the number of people living in this category. The data, released by the United...
by AIP Online Bureau | Jul 17, 2020 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic, Reinsurance
Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said. The pandemic is...
by AIP Online Bureau | Jul 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic
Washington: Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International Monetary Fund's top official said. IMF Managing...
by AIP Online Bureau | Jul 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Pandemic
MUMBAI: India on Friday became the third country in the world to record more than one million coronavirus cases, behind only the United States and Brazil, as infections spread further out into the countryside and smaller towns. For India’s population of...
by AIP Online Bureau | Jul 16, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic
NEW YORK: Coronavirus support to poor countries has been so far “grossly inadequate and that’s dangerously shortsighted,” U.N. aid chief Mark Lowcock said on Thursday as he asked wealthy countries for billions more dollars in assistance....
by AIP Online Bureau | Jul 16, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
SAN FRANCISCO/WASHINGTON: The extraordinary hacking spree that hit Twitter on Wednesday, leading it to briefly muzzle some of its most widely followed accounts, is drawing questions about the platform’s security and resilience in the run-up to the U.S....
