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Warming climate will displace millions in coming decades: World Bank

by AIP Online Bureau | Mar 19, 2018 | Articles, Climate, Environment, Renewable Energy

The number of people fleeing crop failures, droughts and rising sea levels will grow drastically over the next three decades if world governments do not intervene, according to a World Bank report released today.   By 2050, 86 million "climate migrants"...

India most vulnerable country to climate change: HSBC report

by AIP Online Bureau | Mar 19, 2018 | Articles, Climate, Environment, Renewable Energy

  India is the most vulnerable country to climate change, followed by Pakistan, the Philippines and Bangladesh, a ranking by HSBC showed on Monday. The bank assessed 67 developed, emerging and frontier markets on vulnerability to the physical impacts of climate...

Irdai asks insurers not reject claims on grounds of genetic disorder

by AIP Online Bureau | Mar 19, 2018 | Health, Indian News

New Delhi: In a major relief to policy holders, insurance regulator Irdai today directed insurers not to reject any health insurance claim based on exclusions related to genetic disorder.   The regulator also asked health insurance companies not to include...

67 per cent Indian businesses hit by ransomware, 38 per cent twice: Sophos

by AIP Online Bureau | Mar 19, 2018 | Data, Technology

  With 67 per cent Indian businesses hit by ransomware — 38 per cent twice — they are at a high risk of repeated ransomware attacks and are vulnerable to exploits, a new report warned.    While $13.74 million were spent by three per cent of...

India: only 33% of women pay attention to their health, ICICI Lombard survey

by AIP Online Bureau | Mar 19, 2018 | Data, Health

ICICI Lombard, one of the leading general insurance company in India, has commissioned a survey on women’s awareness on health and critical illness. The survey was conducted with an aim to accelerate dialogue around various aspects of women being aware of their...

Allianz expands entertainment insurance to Asia with Singapore launch

by AIP Online Bureau | Mar 19, 2018 | International News

Singapore: Allianz Global Corporate & Specialty SE (AGCS) is rolling out the red carpet for its Entertainment insurance division in Asia with a launch in Singapore.    With nearly half of the world’s movie production taking place in Asia and large-scale live...

“International reinsurers have taken a cautious stance & we have not seen an increase in competition in an already competitive Indian market”

by AIP Online Bureau | Mar 19, 2018 | Interviews, Reinsurance

  Now that you have set up branch operations, what are your plans for the Indian market? Receiving the R3 authorization from the IRDAI to establish a SCOR branch in India marks a milestone for the Group in terms of solidifying its presence in the country, where...

Water may exist in Earth’s lower mantle, shows diamonds study

by AIP Online Bureau | Mar 18, 2018 | Facts

WASHINGTON: Water may be more common than expected at extreme depths within Earth's lower mantle – approaching 640 kilometres and possibly beyond, a study of diamonds from across the world has found.    The oceans have been measured to a maximum...

India:FPIs pour Rs 64 bn in equities on easing oil prices, earnings expectations

by AIP Online Bureau | Mar 18, 2018 | Data

New Delhi: After pulling out massive funds from Indian equities last month, overseas investors have pumped in nearly Rs 64 billion in the segment in March so far on expectations of rebound in corporate earnings and easing of global oil prices.   However, they...

Corporate Affairs Ministry mulls proposal to collect passport details of directors

by AIP Online Bureau | Mar 18, 2018 | Indian News, Risk Management

New Delhi: Ministry of Corporate Affairs is considering a proposal to seek passport details of all individuals, who have permitted to serve as directors on the board of companies in a bid to prevent loan defaulters like Nirav Modi and Mehul Choksi leaving the...
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