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U.S. insurers face higher loss costs and market risks from trade war: Fitch

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy

Property casualty (PC) insurers face cost inflation in personal auto and homeowners’ lines from tariffs. Other watch items include increased severity of claims pressuring margins, and the effect of market volatility and potential losses on equity portfolios New...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI

Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

“COAI feels that the cybersecurity measures need to be reinforced with clear outlines on the purpose, which is to free the people of such unwanted spam/fraud calls and messages to the maximum extent possible. For the same purpose, it may be judicious that...
Most women entrepreneurs seek tailored financial products to meet small business needs: Report

Most women entrepreneurs seek tailored financial products to meet small business needs: Report

by AIP Online Bureau | Apr 29, 2025 | Data, Eco/Invest/Demography

Women entrepreneurs from Tier II, III and beyond towns are ambitious, digitally aware, and determined to grow – but they are held back by structural gaps in finance, networks, and visibility, the report released on Monday said New Delhi: Most women running small...
Climate change may lead to increased probability of defaults: RBI DG Rao

Climate change may lead to increased probability of defaults: RBI DG Rao

by AIP Online Bureau | Apr 29, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

M Rajeshwar Rao,deputy governor, Reserve Bank of India “Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers,” he...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Balz Grollimund, Swiss Re’s Head of Catastrophe Perils, said: “Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country...
Rare diseases often go undiagnosed or untreated in parts of Africa. A project seeks to change that

Rare diseases often go undiagnosed or untreated in parts of Africa. A project seeks to change that

by AIP Online Bureau | Apr 29, 2025 | Eco/Invest/Demography, Features, Health

Globally, more than 350 million people live with rare diseases, most of them caused by a misstep hidden within their genes. Some conditions can be caught early and treated—but in parts of Africa where population data and resources are scarce, many people go...
Canara HSBC Life Insurance files for an IPO, PNB to exit JV

Canara HSBC Life Insurance files for an IPO, PNB to exit JV

by AIP Online Bureau | Apr 29, 2025 | Indian News, Life, Regulation, Wealth Management/ Philanthropy

Canara HSBC Life Insurance Company is a joint venture promoted by state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group’s HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. Punjab National Bank holds the rest of stakes and will...

Corporate America boosts security spending after UnitedHealth murder, filings show

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, International News, Risk Management

“The number of customers requiring assessments and executive protection has increased 10 to 15 times the number prior to December 4,” said Glen Kucera, president at security services firm Allied Universal, which serves more than 80% of Fortune 500 companies U.S....

Fire breaks out at Aurobindo Pharma’s plant in AP; co temporarily suspends ops

by AIP Online Bureau | Apr 28, 2025 | Indian News, Risk Management

Importantly, there were no injuries reported, it added. “As a precautionary measure and to facilitate necessary equipment replacements, operations at the plant will be temporarily paused for an estimated period of 20 to 25 days,” the company said. New Delhi: Aurobindo...
FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Nirmala Sitharaman,Finance Minister NPCI officials also informed the Finance Minister that between 2021-22 and 2024-25, around 26 crore new users and 5.5 crore new merchants have been successfully onboarded onto the UPI platform. UPI now has approximately 45 crore...
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