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Trade conflicts could cause a loss of $700 bn to global economy:IMF Chief

by AIP Online Bureau | Oct 9, 2019 | Eco/Invest/Demography, International News, Risk Management

  Washington: Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new International Monetary Fund (IMF) chief said Tuesday.   "Global trade growth has come to a near...

Korean insurer plans to boost overseas investments to escape low-yield trap

by AIP Online Bureau | Oct 8, 2019 | Eco/Invest/Demography, International News

  Seoul: South Korea’s third-largest life insurer plans to boost overseas investments to almost a third of total assets, joining the growing ranks of investors that are taking more risks as bond yields decline.   Kyobo Life Insurance Co. will raise its...

Nutrition survey finds rising diabetes risk in children

by AIP Online Bureau | Oct 8, 2019 | Eco/Invest/Demography, Facts, Health

New Delhi: There is a growing risk of non-communicable diseases among children aged 5 to 9 years and adolescents aged 10-19 years in India. As per the Comprehensive National Nutrition Survey (CNNS) 2016-18, one in 10 school-age children and adolescents were...

Outlook for Indian commercial vehicle industry remains negative

by AIP Online Bureau | Oct 7, 2019 | Eco/Invest/Demography, Indian News

  Mumbai: Rating agency Icra on Monday said its outlook for the domestic commercial vehicle industry remains negative for the rest of the fiscal due to subdued sales amid slowing economic growth and tight financing environment.   The rating agency believes...

Fundamental changes to insurers current model unavoidable:WITR 2019

by AIP Online Bureau | Oct 7, 2019 | Facts, Life, Non-Life, Risk Management, Technology

  Success within the future insurance marketplace will require a structured approach to product development based on a keen understanding of customer needs and preferences, astute partner selection, and a pragmatic go-tomarket strategy. Clearly, fundamental...

Munich Re invests $ 250m more in Next Insurance

by AIP Online Bureau | Oct 7, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

  Munich/Netherlands Munich Re, the second largest global reinsurer,has increased its stake in Next Insurance by investing an additional US$ 250m in the Californian Start-up. Upon completion of the transaction, Next’s value will increase to...

AIIMS, Health ministry launch ‘eDantSeva’ website and app

by AIP Online Bureau | Oct 7, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The All India Institute of Medical Sciences in collaboration with the Union Health Ministry on Monday launched the first-ever website and mobile application on oral health awareness.   The digital platform, 'e-DantSeva', contains...

YES Bank files complaint with police against ‘fake news’

by AIP Online Bureau | Oct 6, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Risk Management

  Mumbai: Yes Bank on Sunday said it has file a police complaint against "fake news and rumours" on social media about its finances, saying there was an attempt to scare depositors.   The bank complained to the Mumbai Police's cyber cell after...

FPIs pull out Rs 3,000 crore from equities in 3 trading sessions of October

by AIP Online Bureau | Oct 6, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Foreign portfolio investors have offloaded equities worth around Rs 3,000 crore in just three trading sessions of October amid fears of global recession and trade war.   This follows a net investment of around Rs 7,850 crore by foreign portfolio...

Only 10% of Indian CEOs confident about reliability of AI applications: PwC

by AIP Online Bureau | Oct 6, 2019 | Eco/Invest/Demography, Facts, Risk Management, Technology

New Delhi: Even as AI has the potential to solve complex problems effectively at scale, badly designed applications can cause more harm than good, PwC India said in its report based on a comprehensive study conducted with over 1,000 CXOs and business decision makers...
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