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Ex-AIG employees, seeking back-bonuses of $100M, win British court ruling

by AIP Online Bureau | Jun 27, 2019 | International News, Non-Life

London: A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle to obtain $100 million dating back to the financial crisis, after he said that the insurance giant couldn’t put forward...

Russell Higginbotham to become new Swiss Re CEO Reinsurance Asia and Regional President

by AIP Online Bureau | Jun 26, 2019 | International News, Reinsurance

  Zurich: Swiss Re has appointed Russell Higginbotham as the CEO Reinsurance Asia and Regional President, effective 8 July 2019 and subject to necessary regulatory approvals. He is succeeding Jayne Plunkett, who has decided to pursue career opportunities outside...

Lloyd’s underwriters team up to “insure the uninsurable” with a £53m capacity

by AIP Online Bureau | Jun 26, 2019 | International News, Non-Life, Reinsurance, Risk Management, Technology

  London:  A group of Lloyd’s underwriters have launched The Product Innovation Facility – a new initiative with £53m of capacity designed to speed up (re)insurance product development for today’s new and emerging risks.   The...

In ‘climate apartheid’, rich will save themselves while poor suffer: UN

by AIP Online Bureau | Jun 26, 2019 | Blog, Climate, Environment, Renewable Energy, Eco/Invest/Demography

  The world is on course for “climate apartheid”, where the rich buy their way out of the worst effects of global warming while the poor bear the brunt, a UN human rights report said on Tuesday.   The report, submitted to the UN Human Rights...

HDFC Life partners with startups, to co-create targeted solutions 

by AIP Online Bureau | Jun 26, 2019 | Indian News, Life, Technology

  Mumbai: HDFC Life Insurance Company announced a strategic partnership with IvyCamp, an arm of IvyCap Ventures Advisors Pvt. Ltd., to launch HDFC Life “Futurance”, a program which aims to identify and work with startups that have built cutting edge...

Robots on track to wipe out a tenth of manufacturing jobs by 2030: Report

by AIP Online Bureau | Jun 26, 2019 | Eco/Invest/Demography, Facts, Risk Management, Technology

  Robots are on track to wipe out almost a tenth of the world’s manufacturing jobs with the brunt borne by lower-income areas in developed nations, Oxford Economics says.   While automation should boost the economy as a whole, it is likely to create...

Modi govt considers tougher rules for audit firms amid crack down on lapses

by AIP Online Bureau | Jun 26, 2019 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: India is considering tougher rules for audit firms, including a cap on the number of listed companies they can examine, according to a person with knowledge of the matter, as the government seeks to tighten oversight after a recent spate of...

Trump moves to force hospitals, insurers to disclose Prices

by AIP Online Bureau | Jun 25, 2019 | Eco/Invest/Demography, Health, International News, Non-Life

  The Trump administration took a step toward making paying for health care more like paying for coffee, computers or clothing, by letting patients know prices up front — but what consumers could do with that information once they have it is unclear.  ...

“Retirement related life goals are now a priority among Indian millennials”

by AIP Online Bureau | Jun 25, 2019 | Indian News, Life

  Mumbai: Bajaj Allianz Life unveiled its India's  Life Goals Preparedness Survey 2019 is the company’s first flagship surveyto identify the life goals, and aspirations of India, and how Indians are preparing to get them done.   In the...

Kerala best state on health parameters, UP ranks worst, reveals Niti Aayog

by AIP Online Bureau | Jun 25, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Kerala has occupied the top slot in terms of health performance among large states followed by Andhra Pradesh and Maharashtra, whereas Uttar Pradesh and Bihar remained at the bottom, according to the Niti Aayog's second round of Health Index....
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