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Britain’s green finance strategy could mandate corporate Climate Risk disclosure

by AIP Online Bureau | Jul 3, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

London: British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy.   Britain last week became the first G7 country to sign into law a requirement to...

Global #MeToo movement provides lots of work for London’s top lawyers

by AIP Online Bureau | Jul 3, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management

London: The global #MeToo movement, in which women across much of the corporate world have spoken out about sexual harassment at work, is having an unintended consequence: more work for top city lawyers.   Clifford Chance, one of London’s leading...

Alamelu joins IRDAI as member, non-life, IRDAI

by AIP Online Bureau | Jul 3, 2019 | Indian News, Non-Life

  Hyderabad: T R Alamelu,58, CMD, Agriculture Insurance Company, has taken over as the member, IRDA on Monday.   Alamelu, who was appointed as the member, non-life, IRDAI on March 11, joined her new posting after the government appointed Rajeev Chaudhary,...

Govt all set to ban e-cigarettes and e-hookahs

by AIP Online Bureau | Jul 3, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Going tough on Electronic Nicotine Delivery Systems (ENDS), including e-cigarettes, the health ministry has proposed to classify such alternative smoking devices as "drugs" under the Drugs and Cosmetics Act, in a bid to ban their...

Markel International launches Cyber 360 Policy

by AIP Online Bureau | Jul 2, 2019 | International News, Non-Life, Technology

  Singapore and London:  Markel International, the specialist insurer, has launched its Markel Cyber 360 policy which provides insureds with all round protection against cyber risks, to help them safeguard their business before, during and after a...

Foreign ownership limits in life insurers to go by 2020, one year in advance

by AIP Online Bureau | Jul 2, 2019 | Eco/Invest/Demography, International News

  Beijing:  China will end ownership limits for foreign investors in its financial sector including life insurnace industry,securities and futures sector, in 2020, a year earlier than scheduled, to show the world it will keep opening up its markets,...

Govt aims to raise health services expenditure to 2.5% of GDP by 2025

by AIP Online Bureau | Jul 2, 2019 | Eco/Invest/Demography, Health, Indian News, Non-Life

  New Delhi: The government's expenditure on health services has increased continuously over the years and the target is to raise it to 2.5 per cent of the country's GDP by 2025, Health Minister Harsh Vardhan told the Rajya Sabha Tuesday.   In reply...

Chubb recognises climate change reality,pulls back from coal

by AIP Online Bureau | Jul 2, 2019 | Climate, Environment, Renewable Energy, International News, Non-Life

  ZURICH:  Chubb Limited today announced that it has adopted a new policy concerning coal-related underwriting and investment.  With the new policy, the company will no longer underwrite the construction and operation of new coal-fired plants or new...

FWD buys Thai insurance unit for $3 billion, in top SE Asian sector deal

by AIP Online Bureau | Jul 2, 2019 | International News, Life

BANGKOK:  FWD Group is acquiring the life insurance business of Thailand’s Siam Commercial Bank (SCB) (SCB.BK) for 92.7 billion baht ($3 billion) in Southeast Asia’s biggest insurance M&A deal, broadening a rapid Asian expansion by the Hong...

First blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka

by AIP Online Bureau | Jul 2, 2019 | Eco/Invest/Demography, International News, Non-Life, Technology

  LONDON:  Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the InsurTech startup developing a protocol...
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