by AIP Online Bureau | Aug 29, 2019 | Eco/Invest/Demography, Facts, Health
The World Health Organization (WHO) and UN-Water today sounded the alarm for an urgent increase in investment in strong drinking-water and sanitation systems. The call came as the international water sector meets in Stockholm for its annual...
by AIP Online Bureau | Aug 29, 2019 | International News, Non-Life, Technology
Tesla Inc said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles. Chief Executive Elon Musk has been one of the strongest...
by AIP Online Bureau | Aug 29, 2019 | International News, Non-Life, Reinsurance
Bangkok: The Asian Reinsurance Corp. (Asian Re), a professional insurer operating in 10 member-countries, has elected Philippines Insurance Commissioner Dennis B. Funa as chairman. He was elected last June 28 as Asian Re’s chairman, replacing...
by AIP Online Bureau | Aug 29, 2019 | International News, Non-Life, Regulation, Reinsurance, Risk Management
ASIA PACIFIC: The global insurance sector is considerably less concerned about silent cyber exposures than it was in 2018. The finding applies to all commercial lines of business and industry groups, according to 2019 Silent Cyber Risk Outlook, the annual...
by AIP Online Bureau | Aug 29, 2019 | Indian News, Intermediaries, Non-Life, Policy, Regulation
New Delhi: The Insurance Brokers Association of India(IBAI), the representative body of over 400 Indian insurance brokers including joint ventures with foreign partners, in a majority has staunchly opposed the government move to increase the foreign direct...
by AIP Online Bureau | Aug 29, 2019 | Indian News, Intermediaries, Non-Life
New Delhi: The government on Wednesday notified 100 per cent FDI in insurance intermediaries which was announced in the Budget in July this year. The notification was issued by Department of Financial Services of the Finance Ministry. Piyush...
by AIP Online Bureau | Aug 27, 2019 | Indian News, Life, Non-Life, Reinsurance
New Delhi: The Banks Board Bureau (BBB), the recruitment body for selecting top officials of PSU banking and insurance companies, on Tuesday said it has selected Devesh Srivastava, 56, general manager, GIC Re as the CMD of the company. Malay...
by AIP Online Bureau | Aug 27, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
New Delhi: Given the weak credit demand from corporates and the lingering NBFC crisis, just announced recapitlisation of state-run banks will not deliver on the key objectives of higher lending and a recovering in their fortunes, warns a report. It can...
by AIP Online Bureau | Aug 27, 2019 | International News, Non-Life
The Australian unit of Germany’s Allianz SE will refund more than A$8 million ($5.40 million) to customers who were mis-sold consumer credit insurance (CCI) premiums, Australia’s investment regulator said on Tuesday. The Australian Securities and...
by AIP Online Bureau | Aug 26, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts
A record number of fires ravaging the Amazon has drawn international outrage because of the rainforest’s importance to the global environment and prompted Brazilian President Jair Bolsonaro to dispatch the military to assist in firefighting. Here is what...
