by AIP Online Bureau | Jun 12, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health
Global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic, which is reducing the income of the world's poorest by USD 500 million a day, according to new research published Friday. The research by...
by AIP Online Bureau | Jun 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: For the first time since the COVID-19 outbreak,India recorded over 10,000 new cases in a day taking the tally to 2,97,535, while the death toll rose to 8,498 with a record single-day spike of 396 fatalities, according to the Union Health Ministry...
by AIP Online Bureau | Jun 12, 2020 | International News, Non-Life, Reinsurance
OLDWICK, N.J: Although the U.S. property/casualty (P/C) industry’s bottom-line underwriting performance improved noticeably in 2019, several individual lines of business are struggling to generate better results in the face of natural catastrophes and wildfires....
by AIP Online Bureau | Jun 12, 2020 | Eco/Invest/Demography, Health, International News, Non-Life
Singapore: AM Best has assigned a stable market segment outlook to Vietnam’s non-life insurance segment, citing solid risk-adjusted capitalisation levels among market participants, supported by conservative investment portfolios, and demographic and...
by AIP Online Bureau | Jun 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Workplace/Employee Benefits
New Delhi: The Supreme Court on Friday directed the Centre and states not to take any coercive action till July end against private companies, which have failed to pay full wages to their employees during the coronavirus-induced lockdown period. A bench...
by AIP Online Bureau | Jun 12, 2020 | Eco/Invest/Demography, Indian News, Risk Management
Mumbai: A “Discussion paper on Governance in Commercial Banks in India’’ by the Reserve Bank of India, released on Thursday, has suggested that a bank’s board should constitute a Risk Management Committee of the Board (RMCB) made...
by AIP Online Bureau | Jun 12, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
Washington: Governments around the world have spent $10 trillion in fiscal actions to respond to the novel coronavirus (Covid-19) pandemic and its economic fallout, but significant further efforts are needed, the head of the International Monetary Fund said on...
by AIP Online Bureau | Jun 12, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Risk Management
Job loss is the most severe immediate impact of COVID-19 crisis while lower economic growth and rise in inequality would be the long-term effects, according to a survey by the Indian Society of Labour Economics (ISLE). The online survey was conducted on 520...
by AIP Online Bureau | Jun 11, 2020 | Eco/Invest/Demography, Health, Indian News
Hyderabad: The IRDA,the insurance regulator,on Thursday, has launched modified guidelines on health insurance product filing norms on proportionate deductions. In the modified norms, the IRDAI has stipulated that insurers canot not recover any...
by AIP Online Bureau | Jun 11, 2020 | Health, Indian News, Regulation
Hyderabad: The insurance regulator IRDAI, on Thursday, has laid down norms to standardize the general terms and clauses incorporated in indemnity based health insurance [excluding Personal Accident and Domestic / Overseas Travel] products by...
