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African Swine fever detected at another Bulgarian Pig Farm

by AIP Online Bureau | Jul 25, 2019 | Eco/Invest/Demography, Health, International News

Bulgaria has detected another outbreak of African swine fever at a pig breeding farm near the north eastern city of Ruse, after the deadly virus was discovered earlier this month, the food safety agency said on Wednesday.   That was the 19th case in pigs in farms...

Allergan announces global recall of textured breast implants

by AIP Online Bureau | Jul 25, 2019 | Health, International News

Allergan Plc said on Wednesday it was recalling its Biocell textured breast implants and tissue expanders across markets, citing concerns over a rare form of cancer, after the U.S. health agency asked the drugmaker to pull the products.   The Food And Drug...

French reinsurer SCOR reports 62% rise in net profit during 2nd quarter

by AIP Online Bureau | Jul 25, 2019 | International News, Reinsurance

PARIS: French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet financial targets it set three years ago.   Net profit rose to...

InsurTech investment buoyant in Q2, 2019:Willis Towers Watson

by AIP Online Bureau | Jul 25, 2019 | International News, Life, Non-Life, Technology

  London: InsurTech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new Quarterly InsurTech Briefing from...

Insurance subsidiaries of DHFL are in a comfortable position:IRDAI

by AIP Online Bureau | Jul 25, 2019 | Indian News, Life, Non-Life

  Mumbai: The insurance subsidiaries of financially battered Dewan Housing Finance (DHFL)- DHFL Pramerica Life and DHFL General Insurance- don’t have any risks in continuing their ongoing business, said Subhash C Khuntia, Chairman of Insurance Regulatory...

Harnessing India’s Youth Power:Running out of time

by AIP Online Bureau | Jul 25, 2019 | Blog, Eco/Invest/Demography

  India, which is home to more young people than any other country, is running out of time to harness the potential of its youth to drive economic growth.   Growing old The nation’s population in the under-19 age group has already peaked, government...

Natural disasters cause a $73bn global economic loss,Insurance payouts totalled around $20bn in 1H 2019

by AIP Online Bureau | Jul 24, 2019 | Disaster & Management, Eco/Invest/Demography, International News

                                CHICAGO: Impact Forecasting, the catastrophe model development team of Aon’s Reinsurance Solutions business, today launched its Global...

Cost of Norsk Hydro Cyber attack higher than expected at nearly $75 million

by AIP Online Bureau | Jul 24, 2019 | Eco/Invest/Demography, International News, Risk Management, Technology

  Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares.   The Norwegian company’s stock rose as much as 6% in early trade after...

Rhine river shipping faces another historic shutdown as drought hits water levels

by AIP Online Bureau | Jul 24, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

  The bustling boat traffic on Europe’s Rhine river ground to a halt for the first time in living memory last year, as shrinking alpine glaciers and severe drought made the key transport artery impassable. Those historic conditions could be repeated in a...

Group of German companies – including BASF, Siemens, Roche – hit by cyber attacks

by AIP Online Bureau | Jul 24, 2019 | Eco/Invest/Demography, International News, Risk Management, Technology

German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed Chinese group. Public broadcaster ARD said the...
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