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Panda appointed as special secretary,DFS

by AIP Online Bureau | Dec 14, 2019 | Indian News, Policy

New Delhi: Debasish Panda, IAS,additional secretary,Department of Financial services, Ministry of Finance, on promotion,has been posted as special secreatary, in the same department on Friday by the government.   He is a 1987 batch of Indian Administrative...

Govt launches 7th economic census in Delhi

by AIP Online Bureau | Dec 13, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The seventh economic census was launched in the national capital territory of Delhi on Friday.   The Ministry of Statistics and Programme Implementation (MoSPI) has tied up with Common Service Centres Network (CSCN), a special purpose vehicle...

Startups find new ways to assess risk and create new businesses tied to auto insurance

by AIP Online Bureau | Dec 13, 2019 | Facts, Non-Life, Technology

  Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags.   Data on everything from how frequently a car is booked, the type of vehicle...

Shipping industry and insurers face uncertain new fuel risks and rule

by AIP Online Bureau | Dec 13, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks.   To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil...

Royal Caribbean cruises faces potential liability for New Zealand volcano deaths

by AIP Online Bureau | Dec 13, 2019 | International News, Non-Life, Reinsurance, Risk Management

Royal Caribbean Cruises Ltd.’s potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable “act of God,” according to maritime lawyers.   Cruise ship passengers were...

Big victory for Johnson and Conservatives clears way for quick Brexit

by AIP Online Bureau | Dec 13, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc.   Exiting the European Union, a goal Johnson has...

Bhatnagar & Deepak P jointly to discharge the function of GIC Re CMD

by AIP Online Bureau | Dec 12, 2019 | Indian News, Reinsurance

  Mumbai: With effect from 10th December, the ministry of finance(MoF), has asked  Reena Bhatnagar, general manager, GIC Re and and Deepak Prasad, GM, GIC Re to jointly discharge the function of the chairman cum managing...

Insurtech, Data help Canadian farmers cut lending, insurance costs

by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, International News, Non-Life, Technology

Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs.   Collecting intricate crop data allows individual...

Trov and Sompo partner to expand global mobility solutions

by AIP Online Bureau | Dec 12, 2019 | International News, Non-Life, Technology

  SAN FRANCISCO: Trov, a global leader in insurance technology, is announcing a partnership with Sompo Holdings to launch Mobility Solutions, a new Powered by Trov collaboration that expands the company's mobility footprint to Asia. By combining Trov's...

Weinstein,insurers,accusers have reached tentative $47 mn settlement

by AIP Online Bureau | Dec 12, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Harvey Weinstein, the disgraced film mogul charged with rape, reached a tentative $47 million settlement with accusers, potentially putting an end to many of the civil complaints against him, according to a person with knowledge of the situation.   The...
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