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First Singapore Cat Bond sets stage for ILS  expansion in Asia-Pacific 

by AIP Online Bureau | Feb 28, 2019 | Uncategorized

  Singapore: The first catastrophe bond has been issan ued out of Singapore. This highlights the potential of the insurance linked securities (ILS) market in the region, and is aligned with the city-state’s efforts to establish itself as a global hub for...

More than 1 million sexually transmitted infections acquired every day worldwide: WHO

by AIP Online Bureau | Feb 28, 2019 | Eco/Invest/Demography, Facts, Health

  Key facts More than 1 million sexually transmitted infections (STIs) are acquired every day worldwide. Each year, there are an estimated 357 million new infections with 1 of 4 STIs: chlamydia, gonorrhoea, syphilis and trichomoniasis. More than 500 million...

Insurer Group warns on property losses due to Climate Change

by AIP Online Bureau | Feb 28, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil   Those were the conclusions a group run out of the University of Cambridge including some of the world’s...

US Supreme Court rejects Tobacco Firms’ Appeal on Smoker Lawsuits

by AIP Online Bureau | Feb 28, 2019 | Health, International News

  The U.S. Supreme Court turned away the tobacco industry’s effort to derail lawsuits by thousands of Florida smokers, leaving cigarette makers exposed to potentially billions of dollars in liability.   The justices on Monday rejected appeals by units...

GDP growth slows to 5-quarter low of 6.6 pc in Q3

by AIP Online Bureau | Feb 28, 2019 | Eco/Invest/Demography, Indian News

   New Delhi:  India's economic growth slipped to a 5-quarter low of 6.6 per cent in October-December period of 2018-19, mainly due to poor performance of farm, mining and manufacturing sectors, official data showed Thursday.   However, India...

General insurers tie-up with Policybazaar for cashless options on motor policies

by AIP Online Bureau | Feb 28, 2019 | Indian News, Non-Life, Technology

Mumbai: Public sector insurers New India Assurance(NIA),Oriental Insurance(OIC) and private sector insurers IFFCO Tokio General Insurance and DHFL General Insurance have partnered with Policybazaar.com to offer cashless settlement options to their motor insurance...

IFFCO Tokio Launches India’s First Policy to Protect Bank Locker

by AIP Online Bureau | Feb 28, 2019 | Indian News, Non-Life

  New Delhi: IFFCO Tokio General Insurance Company today announced the launch of Bank Locker Protector Policy, which is the first policy in the industry to protect the contents of a bank locker such as jewellery and other valuables.   The policy offers seven...

New air passenger charter gives more rights to flyers

by AIP Online Bureau | Feb 28, 2019 | Eco/Invest/Demography, Indian News, Policy, Risk Management

  New Delhi: Civil Aviation Minister Suresh Prabhu on Wednesday released a "passenger charter" that lays out the rights of air travellers in the country.The new charter amended the norms for charges incurred by travellers on cancellation and...

HDFC Life partners with upGrad to launch a first-of-its-kind online life insurance course

by AIP Online Bureau | Feb 28, 2019 | Indian News, Intermediaries, Life

  Mumbai: Online higher education company, upGrad, has partnered with HDFC Life Insurance Company to launch a Post Graduate Program in Life Insurance. This is a comprehensive 11-month post-graduation program which includes online learning, on-the-job training and...

SBI has found fraud worth Rs 7,951.3cr in Apr-Dec: RTI reply

by AIP Online Bureau | Feb 27, 2019 | Banking & Bancassurance, Indian News, Risk Management

  Mumbai: The State Bank Group has said as much as Rs 7,951.29 crore involving 1,885 cases of fraudulent activities have come to light during the first nine months of the current fiscal year.   In an RTI reply, the nation's largest lender said, the first...
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