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Terrorism results in USD 1 trillion loss to world economy: Narendra Modi at BRICS Summit

by AIP Online Bureau | Nov 14, 2019 | Eco/Invest/Demography, International News, Non-Life

  BRASILIA: Prime Minister Narendra Modi on Thursday raised the issue of terrorism at the 11th BRICS Summit here and said the menace has resulted in the loss of USD 1 trillion to the world economy. Addressing the BRICS Plenary Session at the iconic Itamaraty...

FBI warns on rise in sophisticated Cyber crimes

by AIP Online Bureau | Nov 14, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit.   Cole complied, not realizing that a sophisticated hacker network had likely been spying...

Generali launches Art Insurance Unit, aiming to Be ‘Partner for Life’ for collectors

by AIP Online Bureau | Nov 14, 2019 | Uncategorized

  Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ($2.6 million) was stolen earlier this year from an English...

Allianz partners with Microsoft to digitally transform the insurance industry

by AIP Online Bureau | Nov 14, 2019 | International News, Non-Life, Technology

  Munich : On Thursday, Allianz SE and Microsoft Corp. announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process easier while creating a better experience for insurance companies and their customers....

Dip in diabetes claims in FY2019 : ICICI Lombard data 

by AIP Online Bureau | Nov 14, 2019 | Eco/Invest/Demography, Health, Indian News

  Mumbai: According to the internal data analysed by the ICICI Lombard General Insurance  the total number of claims filed by policy holders who have been diagnosed with diabetes has gone down in the year 2019-2020 by 44 per cent. The average claims...

Flood, fire and plague: Climate change blamed for disasters

by AIP Online Bureau | Nov 14, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

Flood, fire and plague: Climate change blamed for disasters   Extreme floods in Venice, fires in Australia and even an outbreak of plague in China have been attributed to climate change this week, while researchers have warned that global warming could saddle...

New India Assurance net profit at Rs 530 crore,up 61 % in Q2 2019-20

by AIP Online Bureau | Nov 13, 2019 | Indian News, Non-Life

  Mumbai: The New India Assurance (NIA), the leader with a 14.2 per cent market share in the domestic general insurance industry, has seen its profit after tax(PAT) rising by 61per cent to Rs 530 crores as compared to Rs 373 crores...

Led by India and China,emerging Asia will power global growth:Swiss Re

by AIP Online Bureau | Nov 13, 2019 | Articles, Eco/Invest/Demography, Life, Non-Life, Reinsurance

  Insurance markets continue to support resilience, with global premiums forecast to increase by 3 per cent  annually in real terms in 2020 and 2021, despite a slowing world economy.   In its latest sigma, "Sustaining resilience amid slowing...

India to consider shifting dividend tax to investors from firms

by AIP Online Bureau | Nov 13, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: ndia is considering changes to its dividend distribution tax, according to people with knowledge of the matter, in a bid to goad companies to boost spending and revive foreign fund inflows.   The budget statement due February may include a...

Boeing says 737 MAX may start flying in January

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

  New York: Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one month. In a statement, the group said it still hopes to receive certification next...
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