by AIP Online Bureau | Jan 8, 2020 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography
As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an area more than five times the size of Wales and...
by AIP Online Bureau | Jan 8, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Hong Kong: After completing groundbreaking placement of Lion Rock Re, Asia’s first reinsurance sidecar transaction in 2019, Hong Kong based Peak Reinsurance Company has announced that investors have supported Lion Rock Re II for 2020 with an increase in...
by AIP Online Bureau | Jan 8, 2020 | International News, Non-Life, Reinsurance
CINCINNATI: American Financial Group, Inc.announced that it plans to exit the Lloyd’s of London insurance market in 2020. It has initiated actions to place its Lloyd’s subsidiaries including its Lloyd’s Managing Agency, Neon Underwriting Ltd.,...
by AIP Online Bureau | Jan 8, 2020 | Eco/Invest/Demography, International News, Non-Life
Washington/New Delhi: Iran fired more than a dozen ballistic missiles at two military bases in Iraq where American troops are based, said Pentagon. In a statement, the US military said Iran launched the attack at about 1:30 am local time. "It is clear that...
by AIP Online Bureau | Jan 8, 2020 | Eco/Invest/Demography, International News, Non-Life, Technology
SEOUL: U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor (005380.KS) have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion. Global players like...
by AIP Online Bureau | Jan 7, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Tehran: A Boeing Co. 737 jet crashed in Iran shortly after takeoff Wednesday morning, killing all passengers and crew, the head of the Iranian Red Crescent’s Relief and Rescue Organization said on state television. It wasn’t clear how many...
by AIP Online Bureau | Jan 7, 2020 | Indian News, Intermediaries, Non-Life, Regulation
Hyderabad: Regulator IRDA has slapped a fine of Rs 3 crore against Aditya Birla Insurance Brokers Limited (ABIBL), a part part of Aditya Birla Group, for violating the Motor lnsurance Service Provider (MISP) norms. The IRDA thus far has...
by AIP Online Bureau | Jan 7, 2020 | Eco/Invest/Demography, Indian News
NEW DELHI: The past decade was India’s hottest on record, with extreme heat directly killing about 350 people last year, the national meteorological department’s chief said on Tuesday. India has faced some of the fastest-rising threats from...
by AIP Online Bureau | Jan 7, 2020 | Eco/Invest/Demography, International News, Risk Management
Mumbai: According to the world’s leading political risk consultancy, Eurasia Group.India has emerged under Prime Minister Narendra Modi has emerged fifth biggest geopolitical risk of 2020. The consultancy's annual top 10 geopolitical risks...
by AIP Online Bureau | Jan 7, 2020 | Eco/Invest/Demography, Indian News
NEW DELHI: India on Tuesday forecast 5% growth for the current financial year, the slowest pace in 11 years, which will likely prompt the finance minister to opt for extra fiscal stimulus when she presents the annual budget next month. The...
