by AIP Online Bureau | May 4, 2020 | Eco/Invest/Demography, International News, Life
HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner's 50% stake to own fully the company under the new rules on foreign ownership that came into effect in January. The move will allow...
by AIP Online Bureau | May 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Intermediaries, International News
London: Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. A report by...
by AIP Online Bureau | May 4, 2020 | Eco/Invest/Demography, Intermediaries, International News, Life, Non-Life, Technology
London: Despite the clear impact of COVID-19 on InsurTech investment worldwide during Q1 (which saw almost the same amount of money raised in its first three days as was then subsequently raised in its final three weeks), InsurTechs raised a total of...
by AIP Online Bureau | May 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
SYDNEY: Global coronavirus cases surpassed 3.5 million on Monday and deaths neared a quarter of a million, according to a Reuters tally, concerning experts who fear substantial underreporting even as the rate of fatalities and new cases slows. North...
by AIP Online Bureau | May 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Policy, Reinsurance, Risk Management, Technology
WASHINGTON: The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S....
by AIP Online Bureau | May 3, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health
Worshippers at one of many largest Catholic church buildings in Seoul, South Korea, should chorus from singing hymns or saying “amen” for concern of spreading saliva. Priests sanitize their palms throughout communion. Holy water has been faraway...
by AIP Online Bureau | May 3, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance
Chennai: A combination of factors like reduction in premium (new and renewal), constant fixed costs, increase in claims outgo, reduced investment income and the economic slowdown are going to make life tough for non-life insurers, said industry experts. ...
by AIP Online Bureau | May 3, 2020 | Uncategorized
New Delhi: The lockdown has brought economic activity to a grinding halt, CII said on Sunday, citing findings from its CEOs survey, which indicated that 65 per cent of the firms expect revenues to fall more than 40 per cent in April-June quarter. The...
by AIP Online Bureau | May 3, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: The total number of coronavirus cases in India has risen to 49,263, with 1,323 people dead.A record 2,644 new cases detected in the last 24 hours. 83 coronavirus-linked deaths were reported in 24 hours. Recoveries from Covid-19 infection...
by AIP Online Bureau | May 3, 2020 | Eco/Invest/Demography, Indian News
New Delhi: Foreign portfolio investors (FPIs) continued their selling spree for the second straight month, withdrawing a net Rs 15,403 crore from the Indian capital markets in April amid the coronavirus crisis. As per the depositories data, FPIs pulled out a...
