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Aon & partners deliver pay-outs with first Blockchain-Based Agricultural Insurance Policies for smallholder farmers in Sri Lanka

by AIP Online Bureau | Nov 6, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

   LONDON: Oxfam in Sri Lanka, the organization working to alleviate poverty; Etherisc, the InsurTech startup developing a protocol for decentralized insurance applications; and Aon plc, the leading global professional services firm providing a broad range...

EU Rules for responsible investing to be set for Insurers, Asset Managers in 2021

by AIP Online Bureau | Nov 6, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension funds to disclose environmental and social risks in their investments from 2021.   The overhaul is expected to bring more clarity...

An extra 15 minute daily walk could boost global economy: Study

by AIP Online Bureau | Nov 6, 2019 | Eco/Invest/Demography, Facts, Health

The world economy could be boosted by as much as $100 billion a year if employers successfully encouraged their staff to meet World Health Organization guidelines on exercise, according to an analysis of the economic impact of activity.   Adding an extra 15...

US woos Asia with plan to rival China’s ‘Belt and Road’

by AIP Online Bureau | Nov 5, 2019 | Eco/Invest/Demography, International News

  Bangkok: Commerce Secretary Wilbur Ross says the US will invest and trade more in Asia as it rolls out an American plan to support "sustainable" projects in Asia.   The plan announced at a US business forum in Bangkok is meant to rival...

Govt may change new base year for GDP to 2017-18; decision likely soon

by AIP Online Bureau | Nov 5, 2019 | Eco/Invest/Demography, Indian News

New Delhi: The Ministry of Statistics and Programme Implementation will decide on a new base year for the GDP series in a few months, a senior official said on Tuesday.   The ministry is working to bring in a new series of national accounts which would result in...

India gold demand to hit 3-Yr low as prices surge to record: World Gold Council

by AIP Online Bureau | Nov 5, 2019 | Indian News

   Mumbai: India's gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of...

Safer skies but claims and risks grow

by AIP Online Bureau | Nov 5, 2019 | Articles, Non-Life, Reinsurance

  The global airline industry has experienced some of its safest years ever in terms of fatal accidents recently, despite a number of crashes. However, the long-term improvement in its risk management record is challenged by a growing number of insurance claims...

India to see a 10% salary increase in 2020, Willis Towers Watson Survey finds

by AIP Online Bureau | Nov 5, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Salaries in India are projected to rise 10% in 2020, marginally higher than the actual increase (9.9%) in 2019, according to the latest Q3 2019 Salary Budget Planning Report released by Willis Towers Watson  the leading global advisory, broking and...

No guaranteed bonus,Half of remuneration of Bank CEOs to be variable:RBI

by AIP Online Bureau | Nov 4, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  Mumbai: The Reserve Bank of India (RBI) on Monday said at least half the compensation offered to chief executive officers (CEOs) and whole-time directors in private banks should be variable pay linked to the performance of the individual, the business unit and...

Suit against Facebook alleges age, gender bias in financial services ads

by AIP Online Bureau | Nov 4, 2019 | International News, Risk Management, Technology

  Facebook Inc. was sued on Thursday in a proposed class action accusing it of discriminating against older and female users by withholding advertising for financial services such as bank accounts, insurance, investments and loans.   According to the...
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