by AIP Online Bureau | Jan 15, 2025 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Workplace/Employee Benefits
“In addition to cyber incidents as the top risk in India, the results from the Allianz Risk Barometer indicate a stronger link between climate change, natural catastrophes, and business interruption risks. As extreme weather events become more frequent, we expect this...
by AIP Online Bureau | Jan 15, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Workplace/Employee Benefits
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
by AIP Online Bureau | Jan 14, 2025 | Data, Eco/Invest/Demography, Policy, Risk Management, Technology
“This revolution will fundamentally reshape jobs, driving productivity and innovation. Building talent pipelines and prioritising upskilling must be at the forefront of every organisation,” said Rajiv Memani, Chairman and CEO, EY India New Delhi: The Generative AI...
by AIP Online Bureau | Jan 14, 2025 | Data, Eco/Invest/Demography, Non-Life
Passenger vehicles (PV) grew by 4.2 per cent in 2024 as compared to the previous year, with sales of around 43 lakh units. Three-wheelers posted a growth of 6.8 per cent in 2024 as compared to the previous year, with sales of 7.3 lakh units. New Delhi: India’s...
by AIP Online Bureau | Jan 14, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Technology
IMD Director General Mrutyunjay Mohapatra said the Vision-2047 document will help integrate weather and climate information into all national objectives, making India a “weather-ready” and “climate-smart” nation while improving socio-economic...
by AIP Online Bureau | Jan 14, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
On Budget expectations, Anup Rau, Managing Director and Chief Executive Officer of Future Generali India Insurance Company, said India’s insurance sector is poised for its most significant reforms to date New Delhi: Insurers are seeking tax benefits for buyers...
by AIP Online Bureau | Jan 14, 2025 | Disaster & Management, Eco/Invest/Demography, Indian News, Risk Management, Technology
Prime Minister Narendra Modi Addressing a function to celebrate 150 years of the India Meteorological Department (IMD), Modi also launched ‘Mission Mausam’ for developing cutting-edge weather surveillance technologies and systems, implementing...
by AIP Online Bureau | Jan 14, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Estimating insured losses is difficult given that fires are not fully contained. Nonetheless, significantly wide estimates for insured losses range between $10 billion and $30 billion, and economic losses between $150 billion to $275 billion, says Fitch The Los...
by AIP Online Bureau | Jan 14, 2025 | International News, Regulation, Risk Management, Technology
Under one scenario that’s been discussed by the Chinese government, Musk’s X — the former Twitter — would take control of TikTok US and run the businesses together, the people said. With more than 170 million users in the US, TikTok could bolster X’s efforts to...
by AIP Online Bureau | Jan 14, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance, Risk Management
India’s insurance market projected to be the G20’s fastest-growing market over the next five years, with total premium volumes (life and non-life) up 7.3% in real terms on average each year. Growth underpinned by macroeconomic tailwinds, digitalisation progress and...
