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India pulls out of RCEP, paves way for 15 nations to sign China-backed deal

by AIP Online Bureau | Nov 4, 2019 | Eco/Invest/Demography, International News, Non-Life

Bangkok: India pulled out of a trade pact covering much of Asia, paving the way for 15 other countries to sign the China-backed regional trade deal next year.   India conveyed its decision to exit the Regional Comprehensive Economic Partnership, or RCEP, foreign...

Q3 non-life ILS capacity at near-record high of $27.3 billion:Willis Re

by AIP Online Bureau | Nov 4, 2019 | International News, Non-Life, Reinsurance

  Singapore:  The value of non-life capacity issued and outstanding at the end of the third quarter was at a near-record high of $27.3 billion, exceeded only by the year-end figure of $27.8 billion for 2018, according to the new ILS Market Update from Willis...

U.K. bans fracking on concerns about Earthquake Risk

by AIP Online Bureau | Nov 4, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

London: The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice.   The move, just weeks ahead of a general election, effectively bans new wells using hydraulic fracturing technology....

AIR Worldwide launches Multi-peril Crop Insurance Model for India

by AIP Online Bureau | Nov 4, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  Boston: Catastrophe risk modeling firm AIR Worldwide (AIR) announced it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls for 11 major crops across the...

Industries with pollution load in control need not seek permissions from ministries: Prakash Javadekar

by AIP Online Bureau | Nov 4, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Industries with pollution load in control need not seek permissions from ministries: Prakash JavadekarUnion Environment Minister Prakash Javadekar on Monday stressed on the need for self regulation to combat air pollution while asking industries to...

Pollution in Delhi-NCR: People losing precious years of their lives, says SC

by AIP Online Bureau | Nov 4, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: People are losing precious years of their lives due to pollution, the Supreme Court said Monday and slammed authorities for their failure to curb pollution in Delhi-NCR.   A bench of justices Arun Mishra and Deepak Gupta asked the Centre to call...

Draft law proposes compensation for faulty medical devices, implants

by AIP Online Bureau | Nov 3, 2019 | Health, Indian News, Risk Management, Technology

  New Delhi: Patients suffering from adverse effects of faulty medical devices and implants will soon be able to demand compensation from the manufacturer or the firm importing them under a new regulatory framework proposed by the government think tank Niti...

IRDAI to get two full-time members soon

by AIP Online Bureau | Nov 3, 2019 | Indian News, Intermediaries, Life, Non-Life

  Hyderabad:  The government has issued advertisements inviting applications from the prospective public and private sector candidates for the two posts of members, Distribution and Actuary , in the Hyderabad based insurance regulator IRDAI. Sujay Banarji,...

PMO, cabinet secy to hold meeting on Delhi pollution

by AIP Online Bureau | Nov 3, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The principal secretary to the prime minister and the cabinet secretary will hold a high-level meeting Sunday evening to discuss the issue of deteriorating air quality in Delhi-NCR, officials said.   Besides Delhi officials, the meeting will be...

Led by India, South Asia moving towards becoming center of global growth: IMF

by AIP Online Bureau | Nov 3, 2019 | Eco/Invest/Demography, International News

WASHINGTON: Led by India, South Asia is moving towards becoming center of global growth and could contribute about one-third of the world's growth by 2040, according to a latest research by the International Monetary Fund.   Notably, under the IMF's...
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