by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
by AIP Online Bureau | May 13, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, International News, Policy, Regulation, Risk Management
The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
by AIP Online Bureau | May 13, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Reinsurance, Risk Management
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
The civil suits are linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
The foreign institutional investors have sold Rs 477 crore worst of Indian shares while domestic players have bought shares amounting to Rs 4,777 crore on Tuesday. “Geopolitical tensions remained in focus as market participants monitored the fragile ceasefire between...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
by AIP Online Bureau | May 13, 2025 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy
According to the report, Assam saw 2.5 million internal displacements in 2024 due to the most intense floods in more than a decade that struck the state. Storms, including major cyclones, triggered 1.6 million displacements in the country. More than a million...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Health, International News, Policy, Risk Management
Andrew Witty, CEO ,UnitedHealth UnitedHealthcare is the US’ largest provider of Medicare Advantage plans, with more than 8 million customers. Those are privately run versions of the federal government coverage programme mostly for people ages 65 and older....
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Features, Non-Life, Risk Management
The Indian used car sector demonstrates constant evolution under the influence of three key factors: economic conditions, fuel costs, and consumer taste patterns. Valuing a used car in India requires more than a single universal procedure. Different market...
