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May 2019 was the 4th hottest on record for the globe

by AIP Online Bureau | Jun 19, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Heat last month, in certain areas of the globe, not only broke records for May, but also reached all the way down to the bottom of the world where Antarctic sea-ice coverage hit a new low.   The average global temperature in May was 1.53 degrees F above...

HDFC buys 51.20 % stake in Apollo Munich Health Insurance for Rs1,350 crore

by AIP Online Bureau | Jun 19, 2019 | Health, Indian News, Non-Life

   Mumbai: HDFC Limited has decided to acquire the entire 50.8 per cent shareholding of Apollo Group, in Apollo Munich Health Insurance Company for a consideration of Rs. 1,336 crore and 0.4% shareholding held by a few employees for a consideration of...

Lloyd’s of London aims to revamp Auto Coverage as era of Driverless Cars looms

by AIP Online Bureau | Jun 18, 2019 | International News, Non-Life, Technology

  London: Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms.   Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up...

Digital Payment: India needs competition, cost, convivence and confidence to succeed

by AIP Online Bureau | Jun 18, 2019 | Eco/Invest/Demography, Indian News, Technology

  Mumbai: The Indian industry is rapidly adopting technology in payment system primarily through mobile wallet apps and now various APIs, said Kaku Nakhate President and Country Head (India), Bank of America N.A stated.   Many banks including Bank of...

India:Manufacturing, infrastructure sectors to add 58,200 jobs in Apr-Sept FY20

by AIP Online Bureau | Jun 18, 2019 | Data

The manufacturing, engineering and infrastructure sector is likely to add of 58,200 new jobs in the April-September of this financial year, a report published Monday said.   According to TeamLease Services biannual 'Employment Outlook' report for...

Be a smart manager: Resolving conflicts between employees can lead to higher productivity 

by AIP Online Bureau | Jun 18, 2019 | Facts, Trends, Facts, Workplace/Employee Benefits

NEW YORK: Researchers have found that balanced professional networks are more important than individual talent when it comes to high-risk decision making.  The study, published in the journal Nature Communications, is the first longitudinal study to prove several...

Do your Facebook posts have God references? You are 15 times more likely to have diabetes

by AIP Online Bureau | Jun 18, 2019 | Facts, Health, Technology, Trends, Facts

  WASHINGTON: Your Facebook posts may help identify conditions such as diabetes, anxiety, depression and psychosis, say scientists who suggests that language on social media posts with patient consent could be monitored just like physical symptoms.  Using an...

BGC Insurance Group to establish new global aviation brokerage

by AIP Online Bureau | Jun 18, 2019 | Intermediaries, International News, Non-Life

  LONDON:  BGC Insurance Group (BGCI), a division of BGC Partners Inc. , a leading global brokerage and financial technology company, today announced plans to launch a specialist global aviation and aerospace (re)insurance brokerage. Marcel Chad will be...

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

by AIP Online Bureau | Jun 18, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.   A rise in securities class-action cases involving initial...

Bancassurance Deals:Citi and Bajaj General, IDBI Bank and TATA AIG General join hands

by AIP Online Bureau | Jun 18, 2019 | Banking & Bancassurance, Indian News, Non-Life

  Mumbai: Bajaj Allianz General Insurance and Citibank, today signed a corporate agency agreement for distribution of Bajaj Allianz General Insurance’s products.   Under this strategic agreement, Bajaj Allianz General Insurance will offer personal...
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