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LA wildfires may use up over 30% of Cat budgets of Europe’s largest reinsurers for 2025

LA wildfires may use up over 30% of Cat budgets of Europe’s largest reinsurers for 2025

by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The impact of the fires on European reinsurers’ natural catastrophe budgets will clearly be significant, but the implications for their earnings and capital are not likely to be material. Paris/London: The recent Los Angeles wildfires may use up over 30% of the...
Puneet Swani to head Aon’s APAC Talent Solutions

Puneet Swani to head Aon’s APAC Talent Solutions

by AIP Online Bureau | Jan 24, 2025 | Intermediaries, International News, Non-Life, Workplace/Employee Benefits

Puneet Swani, Head, Talent Solutions for Asia Pacific Swani is an experienced leader specialising in human resources consulting spanning more than twenty-five years. He joins Aon having had a distinguished career at both Hewitt Associates and Mercer, most recently...
Banks need tech adaptability for resilience: DFS Secy

Banks need tech adaptability for resilience: DFS Secy

by AIP Online Bureau | Jan 24, 2025 | Workplace/Employee Benefits

M Nagaraju,Financial Services Secretary Financial Services Secretary M Nagaraju also underscored the need for enhancing data governance and management practices to ensure compliance with data protection regulations and maintaining robust risk measures, particularly in...

OpenAI faces new copyright case, from global book publishers in India

by AIP Online Bureau | Jan 24, 2025 | Indian News, Risk Management, Technology

The case was filed on behalf of all the federation’s members, who include publishers like Bloomsbury, Penguin Random House, Cambridge University Press and Pan Macmillan, as well as India’s Rupa Publications and S.Chand and Co, said New Delhi-based...

China guides mutual funds, insurers to invest more in stocks

by AIP Online Bureau | Jan 23, 2025 | Eco/Invest/Demography, International News, Policy, Regulation, Wealth Management/ Philanthropy

China will commence the second stage of a trial program for insurers’ long-term equity investments in the first half of this year, with an amount of at least 100 billion yuan ($13.7 billion), Wu also said at the briefing. China is guiding local mutual funds and...
MFs, insurers and retail investors buy $8 billion of Indian equities in Jan as FIIs sell

MFs, insurers and retail investors buy $8 billion of Indian equities in Jan as FIIs sell

by AIP Online Bureau | Jan 23, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Wealth Management/ Philanthropy

A greater participation of mutual funds, insurance firms and retail investors in the Indian stock market has made India one of the top five markets globally despite waning ownership of foreigners New Delhi: The Indian equity market’s reliance on domestic investors has...
NHRC faults probe of Foxconn hiring, orders new inquiry

NHRC faults probe of Foxconn hiring, orders new inquiry

by AIP Online Bureau | Jan 23, 2025 | Indian News, Regulation, Risk Management, Technology, Workplace/Employee Benefits

“The commission has no hesitation in stating that the authorities concerned have failed to identify and understand the core issue” said NHRC NEW DELHI: India’s powerful human rights watchdog has admonished labor officials for failure to adequately...
CCPA issues notice to Apple over iPhone performance issues

CCPA issues notice to Apple over iPhone performance issues

by AIP Online Bureau | Jan 23, 2025 | Indian News, Regulation, Technology

The notice seeks Apple’s explanation regarding reported technical issues with the software update. The complaints have been received on the National Consumer Helpline regarding the performance issues of iPhones New Delhi: Consumer Affairs Minister Pralhad Joshi...
South Korea to change airport design after deadly Jeju air crash

South Korea to change airport design after deadly Jeju air crash

by AIP Online Bureau | Jan 22, 2025 | International News, Regulation, Risk Management

Runway end safety areas at nine airports will be lengthened to 240 meters (787 feet), or the structure holding the so-called localizer — an instrument used to guide landing plane — will be changed to an easily breakable material, Korea’s transport ministry said in a...

Go Digit Q3 net profit surges nearly 3-fold to Rs 119 crore

by AIP Online Bureau | Jan 22, 2025 | Data, Indian News, Non-Life

The insurer’s combined Ratio for Q3 2025 is 108.1%, as compared to 110.3% in Q3 2024 New Delhi: General insurance firm Go digit on Wednesday reported a nearly three-fold rise in its net profit at Rs 119 crore in the three months ended December 2024. The...
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