by AIP Online Bureau | Aug 7, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales. In a meeting with Finance Minister Nirmala Sitharaman, industry...
by AIP Online Bureau | Aug 7, 2019 | International News, Non-Life, Reinsurance
Munich: German reinsurer Munich Re’s gross premiums, written in the second quarter of 2019, improved year on year by 5.5% to €11,799m (11,188m). If exchange rates had remained unchanged, the increase would have been 3.5%, said the company on...
by AIP Online Bureau | Aug 7, 2019 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
London: The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, with just below $1.7 billion of non-life ILS capacity issued through 11 cat bonds, down from $6.2 billion and $4.0 billion in Q2 2017 and 2018...
by AIP Online Bureau | Aug 7, 2019 | International News, Non-Life, Reinsurance, Technology
Munich: Munich Re today announced a new suite of hurricane response tools to help insurance companies assess widespread property damage after a hurricane and improve their customers’ claims experience. Developed by Munich Re’s Remote...
by AIP Online Bureau | Aug 7, 2019 | International News, Non-Life, Reinsurance, Risk Management, Technology
SINGAPORE: Willis Towers Watson,a leading global advisory, broking and solutions company, has launched a disruption action plan specifically to deal with drone technology. “Drone disruption at airports: A risk mitigation and insurance...
by AIP Online Bureau | Aug 6, 2019 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits
Becoming the parent of a new baby is both a life-altering gift and an immense responsibility. This week, as countries around the world celebrate World Breastfeeding Week, UNICEF and WHO are calling on governments and all employers to adopt family-friendly policies...
by AIP Online Bureau | Aug 6, 2019 | Facts, Health, Workplace/Employee Benefits
At Mexico’s state-run oil company, skinnier waists mean bigger bonuses. Under Petroleos Mexicanos’s new collective bargaining contract with its union, workers who meet certain body weight standards will receive a “health...
by AIP Online Bureau | Aug 6, 2019 | Disaster & Management, Eco/Invest/Demography, Facts, Technology
On a tower in the Brazilian rainforest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren’t human. They don’t blink or take breaks, and guided by artificial intelligence they can tell the difference between a dust cloud,...
by AIP Online Bureau | Aug 6, 2019 | Facts, Non-Life, Technology
Tokyo: It was caged and only hovered for about a minute, but it flew: a new flying car. Made by NEC Corp., the vehicle is essentially a large drone with four propellers that’s capable of carrying people. The Japanese electronics maker demonstrated the...
by AIP Online Bureau | Aug 4, 2019 | Eco/Invest/Demography, Indian News
Mumbai: Continuing their selling spree, foreign investors have withdrawn a net amount of Rs 2,881 crore from the Indian capital markets in the first two sessions of August on account of domestic as well as global headwinds. According to latest...
