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Pakistan examines ways to bolster insurance penetration

by AIP Online Bureau | Jul 11, 2019 | International News, Life, Non-Life

Pakistan’s securities watchdog is examining ways to support the country’s struggling brokerage and insurance industries under its latest chief.   The Securities and Exchange Commission of Pakistan is working more closely with insurers and seeking...

Govt defines child pornography, brings digital or computer generated content under WCD Ministry

by AIP Online Bureau | Jul 11, 2019 | Indian News, Non-Life, Risk Management, Technology

   New Delhi: Any sexually explicit digital or computer generated content involving children will come under the purview of "child pornography", according to a new definition proposed by the government in a bid to convey the message of zero...

French utility EDF prepares its nuclear reactors for climate change

by AIP Online Bureau | Jul 11, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  Paris: Electricite de France SA is preparing its nuclear power facilities to operate in more severe heatwaves in the coming decades as a changing climate may interfere with key electrical equipment.   The utility, which produces almost three-quarters of...

India to receive below-average monsoon rains in next 2 weeks: Report

by AIP Online Bureau | Jul 11, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: India may receive below-average rainfall in the next two weeks with a large deficit in the soybean and cotton growing central and western regions, a weather department official said on Thursday, raising concerns over the output of summer-sown crops....

Adani’s new ‘big money maker’ plan: Selling data services to Amazon, Google

by AIP Online Bureau | Jul 11, 2019 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  A string of successful bets on ports, mining and commodities helped transform Gautam Adani from a nondescript diamond trader into a tycoon with a net worth of $10 billion.   Now the Indian businessman is setting his sight on what he believes could become...

Top 10 states have 83% penetration of outstanding portfolio: Equifax-SIDBI study

by AIP Online Bureau | Jul 11, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life

  MUMBAI:  “Microfinance Plus”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax revealed growth in overall volume in loan disbursement by 20 per cent in FY18.   From the overall industry’s...

Sugar in fruit juice is linked to a higher cancer risk, says report

by AIP Online Bureau | Jul 11, 2019 | Facts, Health

Drinking soda doesn’t just threaten to make us fat, it could be linked to a higher risk of cancer, judging from a new study. But here’s the more surprising part: so could fruit juices.   Increased daily consumption of about 3.4 ounces of soda —...

Niti Aayog proposes two-wheelers sold in India after 2025 should be electric ones: Nitin Gadkari

by AIP Online Bureau | Jul 11, 2019 | Indian News, Non-Life

  NEW DELHI: To ensure rapid transition towards electric mobility, the Niti Aayog has proposed that two-wheelers below the capacity of 150 cc sold in the country after March 31, 2025, should be electric ones only, Parliament was informed July 11.   In a...

Beware the hype around AI. It has fooled many

by AIP Online Bureau | Jul 11, 2019 | Blog, Risk Management, Technology, Trends, Facts

Last March, McDonald’s acquired the startup Dynamic Yield for $300 million, in the hope of employing machine learning to personalize customer experience.    In the age of artificial intelligence, this was a no-brainer for McDonald’s, since...

Swiss Re suspends £3.3bn ReAssure’s IPO due to market conditions

by AIP Online Bureau | Jul 11, 2019 | International News, Reinsurance

  Zurich: Swiss Re announced today the suspension of its previously communicated plans for an initial public offering (IPO) of ReAssure. This action is in response to the heightened caution and weaker underlying demand in the UK primary market from large...
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