by AIP Online Bureau | Jun 26, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance, Risk Management
“We recorded a total of 44 incidents on June 26, 2024. In those incidents 14 people have lost their lives, 8 are due to landslide, 5 due to lightning and 1 in flooding. 2 people are still unaccounted for in the incident of landslide while 10 people have...
by AIP Online Bureau | Jun 26, 2024 | Eco/Invest/Demography, Health, International News, Risk Management
The H5N1 strain of bird flu has killed or caused the culling of hundreds of millions of poultry globally in recent years and has increasingly been spreading to mammals, including cows in the United States and, in some cases, also to humans Finland plans to offer...
by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Risk Management
Deepak Kumar, senior executive vice president & head – Reinsurance, Credit & Aviation Insurance at TATA AIG General Insurance, stated, “Through this issuance, we are standing by our client to fulfil their contractual obligations throughout the...
by AIP Online Bureau | Jun 25, 2024 | Briefs, Life
Ageas Federal Life Insurance has announced its highest-ever total bonus of Rs 134.44 crore during the annual valuations for the fiscal year 2023-24. This significant milestone marks the 10th consecutive year of bonus declarations by the company, reflecting a notable...
by AIP Online Bureau | Jun 25, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management
India’s average annual water availability per capita is likely to drop to 1,367 cubic meters by 2031 from an already-low 1,486 cubic meters in 2021, according to the Ministry of Water Resources MUMBAI/BENGALURU: India’s worsening water shortage, triggered...
by AIP Online Bureau | Jun 25, 2024 | Data, Eco/Invest/Demography, Non-Life, Policy, Reinsurance, Risk Management
The findings reveal that the primary causes of crop damage were drought (41 per cent), irregular rainfall including excessive or non-seasonal rains (32 per cent), and early withdrawal or late arrival of the monsoons (24 per cent).Although 83 per cent of them are...
by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Technology
Tulsi Naidu, chief executive officer for Asia Pacific There are opportunities to grow in commercial, small and medium enterprise, assurance, auto and general insurance, Naidu said, noting the business has already recorded growth of 40% “over the past few years.”...
by AIP Online Bureau | Jun 25, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
Cyber-attack or data breach is considered to be one of the most critical risks faced today. The BFSI sector endeavored to overcome the same by adopting data security measures including database encryption, stricter controls across levels and application of data...
by AIP Online Bureau | Jun 25, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“Also, essential details for the registration of complaints should be automatically populated, if users grant permission to access their call logs and other relevant data,” said the telecom regulatory body” NEW Delhi: New Delhi:In a bid to curb spam calls and...
by AIP Online Bureau | Jun 24, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Wealth Management/ Philanthropy
Catastrophe bonds are generally issued by insurers looking to pass a chunk of their risk over to capital markets. Issuance has picked up lately, with factors including climate change, population density and inflation adding to the potential losses that insurers face....
