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RS passes Motor Vehicles (Amendment) Bill, 2019

by AIP Online Bureau | Aug 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The Rajya Sabha on Wednesday passed the Motor Vehicles (Amendment) Bill, 2019 to tighten road traffic regulations such as the issuance of driving licence and imposed stricter penalties for violations in an attempt to improve road safety.   The...

Willis Towers Watson acquires Risk Capital Advisors

by AIP Online Bureau | Aug 1, 2019 | Intermediaries, International News

  Sydney: Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the acquisition of Risk Capital Advisors Pty Ltd (RCA), a leading specialist Mergers & Acquisitions (M&A) broker in Australia, New Zealand and South...

Swiss Re H1 profit hit by Ethiopian airlines crash, grounding of Boeing 737 MAX

by AIP Online Bureau | Jul 31, 2019 | International News, Non-Life, Reinsurance

  Zurich: Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll.   The world’s second-largest reinsurance...

Companies Act amended to include penal provisions for CSR norm violations

by AIP Online Bureau | Jul 31, 2019 | Eco/Invest/Demography, International News

New DelhI: Parliament on Tuesday cleared amendments to the companies law that will tighten norms pertaining to CSR spending for corporates, strengthen enforcement provisions and help unclog National Company Law Tribunal.   Rajya Sabha passed the Companies...

GIC Re hikes its property capacity to Rs 3,500 cr, plans US operations: Vaidyan

by AIP Online Bureau | Jul 31, 2019 | Indian News, Non-Life, Reinsurance

  Mumbai: In a bid to provide larger support to the $ 5 trillion bound Indian economy, the state owned reinsurer GIC Re has raised its capacity for a single property cover to Rs 3500 crore from Rs 2500 crore in the Indian market.  ...

3 of 5 costliest disasters hit emerging and developing countries in H1 2019:Munich Re

by AIP Online Bureau | Jul 30, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  Munich:  A striking feature of the loss statistics for the first half of 2019 is the high proportion of losses affecting poorer countries. Three of the five costliest disasters affected emerging and developing countries, said Munich Re on Tuesday.These...

Wages Code Bill will uphold workers’ rights, ensure timely payments: Govt

by AIP Online Bureau | Jul 30, 2019 | Uncategorized

New Delhi: Labour Minister Santosh Kumar Gangwar on Tuesday said in Lok Sabha that the Wages Code Bill will enable introduction of minimum wage for every worker besides addressing issues concerning delay in payment to employees.   The Code on Wages Bill, 2019,...

No-Deal EU exit ‘Now a Very Real Prospect’, Says Head of Newly Formed Brexit Cabinet

by AIP Online Bureau | Jul 29, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  UK Prime Minister Boris Johnson’s high-level Brexit cabinet holds its first meeting Monday, and will gather every day to ensure the country leaves the European Union on Oct. 31.   Michael Gove, named to a job that makes him Johnson’s top aide,...

Costs, underinsurance bigger challenge than uninsured in U.S. health system

by AIP Online Bureau | Jul 29, 2019 | Eco/Invest/Demography, Health, International News

  America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie Sanders’ call for replacing private...

WHO launches new report on the global tobacco epidemic

by AIP Online Bureau | Jul 29, 2019 | Eco/Invest/Demography, Health, International News

  Geneva/Rio de Janerio Many governments are making progress in the fight against tobacco, with 5 billion people today living in countries that have introduced smoking bans, graphic warnings on packaging and other effective tobacco control measures – four...
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