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Britain’s Financial Conduct Regulator admits data breach

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, International News, Risk Management

Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details of people who had made complaints against the watchdog in 2018 and 2019, on its website.   The FCA said on...

Global funds load up on Indian stocks as virus shelter in Asia

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, Health, International News

India’s $2.1 trillion stock market is drawing increasing foreign investment as the country remains relatively unscathed from the coronavirus outbreak threatening lives and economies around the world.   Fund management firms including Eastspring Investments...

Coronavirus could wipe out $1 trn of global GDP

by AIP Online Bureau | Feb 26, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  The worrying prospect that the coronavirus outbreak could become the first truly disruptive pandemic of the globalization era is renewing doubts over the stability of the world economy.   With the death toll approaching 3,000, over 80,000 cases officially...

Coronavirus fears drive up credit risk for Gulf crude exporters

by AIP Online Bureau | Feb 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region.   Conventional spreads on the five-year credit default swaps...

G Srinivasan panel to examine if life insurers can sell indemnity based health products

by AIP Online Bureau | Feb 25, 2020 | Eco/Invest/Demography, Health, Indian News, Life, Regulation

Hyderabad: The insurance regulator IRDAI on Tuesday has formed a panel under G. Srinivasan, director, National Insurance Academy(NIA), to examine whether life insurers should be allowed sell indemnity based health insurance products. MR Kumar, chairman,Life Insurance...

Ensure benefits of tech are available to everyone: Nadella to developers

by AIP Online Bureau | Feb 25, 2020 | Eco/Invest/Demography, Indian News, Technology

  Bangalore:  Microsoft CEO Satya Nadella on Tuesday said developers should focus on ethics and building trust when developing solutions to ensure that the benefits of technology are available for everyone. The India-born top executive also highlighted that...

WHO warns of pandemic risk after coronavirus peaks in China

by AIP Online Bureau | Feb 25, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Geneva: The new coronavirus has peaked in China but could still grow into a pandemic, the World Health Organization has warned, as infections mushroom in other countries.   Financial markets have gone into a tail-spin after grim news of deaths and...

US expands its reinsurance program,transfers $400 mn in flood risk to capital markets

by AIP Online Bureau | Feb 25, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  Washington: The Federal Emergency Management Agency (FEMA) of USA has continued to engage reinsurance markets to help strengthen the financial framework of the National Flood Insurance Program and promote private sector participation in flood-risk...

Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow

by AIP Online Bureau | Feb 24, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  BEIJING/WASHINGTON: U.S. President Donald Trump will seek $2.5 billion from Congress to fight the coronavirus epidemic and U.S. and South Korean militaries are considering scaling back joint training as the virus spreads in Europe and the Middle East.  ...

Health Ministry mulling to increase legal age for tobacco consumption

by AIP Online Bureau | Feb 24, 2020 | Eco/Invest/Demography, Health, Indian News

New Delhi: The Union Health Ministry is mulling to increase the legal age for tobacco consumption from 18 to 21 years as part of its efforts to strengthen the provisions of the Cigarettes and Other Tobacco Products Act (COTPA).   A legal sub-group constituted by...
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