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Feeling lack of purpose, personal growth could be signal of dementia: Study

by AIP Online Bureau | Aug 14, 2024 | Eco/Invest/Demography, Facts, Health, Workplace/Employee Benefits

Mild cognitive impairment is often seen to precede dementia, in which the symptoms become severe enough to interfere with daily activities The feeling that one’s life lacks purpose and that there are fewer opportunities for personal growth could be a very early...

Goldman Sachs’ fund division to leave climate investor group

by AIP Online Bureau | Aug 13, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

U.S. members of global climate-focused coalitions have come under pressure as some Republican lawmakers have criticized them for potentially breaching antitrust rules by pushing companies to cut climate-damaging emissions. Goldman Sachs’ fund division is to leave...
Flight and voice data boxes extracted from crashed Brazilian plane

Flight and voice data boxes extracted from crashed Brazilian plane

by AIP Online Bureau | Aug 13, 2024 | International News, Non-Life, Reinsurance, Technology

The airline VoePass, which operates a small fleet of planes made by ATR, said the flight Friday was traveling from the state of Parana to Sao Paulo’s Guarulhos International Airport when it crashed in a residential area, killing 58 passengers and four crew members...

UK sets up AI Laboratory to tackle cyber threats

by AIP Online Bureau | Aug 13, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology

The new organization would in time seek to work with technology companies and academic experts, as well as international allies, to counter AI-based threats to national security and British businesses UK spies are stepping up efforts to tackle cyber and artificial...

Hiscox unveils GenAI-enhanced lead underwriting platform

by AIP Online Bureau | Aug 13, 2024 | Intermediaries, International News, Non-Life, Reinsurance, Technology

By combining Hiscox AI Laboratories with Google Cloud’s generative AI, Hiscox now has the ability to remove manual elements of the underwriting process. Risks that are in scope are assessed using Google Cloud’s Gemini large language model, and the process generates an...
Investors’ wealth declines Rs 4.52 lakh cr as markets plunge

Investors’ wealth declines Rs 4.52 lakh cr as markets plunge

by AIP Online Bureau | Aug 13, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Foreign Institutional Investors (FIIs) again turned sellers on Monday as they offloaded equities worth Rs 4,680.51 crore after a day’s breather, according to exchange data New Delhi: Equity investors became poorer by Rs 4.52 lakh crore Tuesday as markets plunged...
Africa public health body declares mpox emergency

Africa public health body declares mpox emergency

by AIP Online Bureau | Aug 13, 2024 | Eco/Invest/Demography, Health, International News

The Africa Centres for Disease Control and Prevention (Africa CDC) warned last week that the viral infection’s rate of spread was alarming. It said that over 15,000 mpox cases and 461 deaths were reported on the continent this year so far, representing a 160%...
DICGC made interim payments of Rs 5,359 crore to 3.77 lakh depositors as of March 31: RBI Dy Governor

DICGC made interim payments of Rs 5,359 crore to 3.77 lakh depositors as of March 31: RBI Dy Governor

by AIP Online Bureau | Aug 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Michael Debabrata Patra,Deputy Governor,RBI Currently, the deposit insurance coverage limit (Rs 5,00,000 or approximately USD 6,000), fully protects 97.8 per cent of deposit accounts and 43.1 per cent of deposit value in India. Jaipur: India’s Deposit Insurance and...
Axis Bank-Max Life deal: Delhi HC rejects Subramanian Swamy’s PIL

Axis Bank-Max Life deal: Delhi HC rejects Subramanian Swamy’s PIL

by AIP Online Bureau | Aug 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation

On Monday, the high court bench led by Acting Chief Justice Manmohan and Justice Tushar Rao Gedela declined to admit the PIL In February, Swamy filed an PIL before the Delhi High Court seeking a comprehensive probe into the alleged fraud in Axis Bank involving undue...

Legacy tech hindering pricing and profitability, says report

by AIP Online Bureau | Aug 13, 2024 | Data, Non-Life, Reinsurance, Technology

While the buzz around AI is inescapable and the potential benefits undeniable, its true value can only be fully harnessed when insurers get their own houses in order. The reality is the sector’s current pricing infrastructure doesn’t have the capacity to support this...
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