by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
by AIP Online Bureau | Jun 22, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management
Around 20% of global oil and gas flows through Strait of Hormuz. “If they do that, it will be another terrible mistake. It’s economic suicide for them if they do it. And we retain options to deal with that, but other countries should be looking at that as...
by AIP Online Bureau | Jun 22, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
The audit framework will cover the entire range of aviation entities, including scheduled and non-scheduled airlines, maintenance, repair and overhaul organisations (MROs), flying training schools, air navigation service providers, airport operators and ground...
by AIP Online Bureau | Jun 22, 2025 | Eco/Invest/Demography, International News, Risk Management
Airlines continued to avoid large parts of the Middle East due to missile exchanges between Israel and Iran, the latest upheaval to travel in the region. U.S. strikes on Iran’s nuclear sites could heighten the threat to American operators in the region, an...
by AIP Online Bureau | Jun 22, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management
Nearly 30 percent of global oil and a third of the world’s LNG (liquefied natural gas) passes through the strait daily and its closure would immediately reduce global supplies triggering a spike in prices New Delhi: Any blocking or disruption of traffic through...
by AIP Online Bureau | Jun 22, 2025 | Data, Risk Management
According to a report, after the ban on toddy tapping due to Bihar’s prohibition policy, palm trees lost their economic value and have since been widely cut down. This ecological loss appeared to have made rural areas more vulnerable to lightning strikes, with...
by AIP Online Bureau | Jun 22, 2025 | Eco/Invest/Demography, Policy, Technology
Non-fossil fuel sources now contribute 235.7 GW (49%) of total capacity, including 226.9 GW renewable and 8.8 GW nuclear. As of June 2025, India’s renewable energy includes 110.9 GW of solar and 51.3 GW of wind power installed capacity. New Delhi: Nearly half of...
by AIP Online Bureau | Jun 22, 2025 | Data, Eco/Invest/Demography
The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation Geopolitical tensions, including wars...
by AIP Online Bureau | Jun 22, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...
by AIP Online Bureau | Jun 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
While owners are compensated when their cars are taken, vehicle theft isn’t a victimless crime. The more cars are stolen, the more insurance premiums go up. In the first three months of the year, British car owners were quoted an average of almost £800 a year for...
