by AIP Online Bureau | Apr 18, 2024 | Indian News, Life
Despite the budget changes impacting high ticket sized business this year, we delivered a healthy growth of 20 per cent for Q4 after adjusting for the one-off business of Rs. 1,000 crore in March 2023. Our stated aspiration of a double-digit growth for the full year...
by AIP Online Bureau | Apr 18, 2024 | International News, Non-Life, Reinsurance
Hitesh Kotak will lead Munich Re’s Property & Causality (P&C) business in Japan, India, Korea and South-East Asia Surbhi Goel will be relocate to Mumbai from Singapore to be CEO India with effect from October 2024. Florian Gruson will be appointed CEO...
by AIP Online Bureau | Apr 18, 2024 | Data, Eco/Invest/Demography, Health
The report said that Nestle adds sugar to infant milk and cereal products in several countries which is a violation of international guidelines aimed at preventing obesity and chronic diseases. Violations were found only in Asian, African, and Latin American countries...
by AIP Online Bureau | Apr 18, 2024 | Data, Eco/Invest/Demography, Policy
“India’s senior population is expected to experience a remarkable 254% growth, making it the fastest-growing demographic segment globally. By 2050, India is projected to house up to 340 million seniors, constituting approximately 17% of the world’s...
by AIP Online Bureau | Apr 17, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography
The countries least responsible for climate change are predicted to suffer income loss that is 60 per cent greater than the higher-income countries and 40 per cent greater than higher-emission countries. They are also the ones with the least resources to adapt to its...
by AIP Online Bureau | Apr 17, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
General average is a maritime legal concept usually written into bills of lading or other contracts signed among parties to shipping transactions. It revolves around the principle of shared sacrifice and dates back to ancient times, before insurance, when ships often...
by AIP Online Bureau | Apr 17, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Climate scientists say that rising global temperatures, driven by man-made climate change, is leading to more extreme weather events, including intense rainfall like the UAE storm DUBAI: – Authorities and communities across the United Arab Emirates were clearing...
by AIP Online Bureau | Apr 17, 2024 | International News, Non-Life, Risk Management, Technology
“Accurate risk prediction and pricing are becoming increasingly challenging and leading to insurability concerns,” Anirban Bose, Capgemini financial services strategic business unit CEO, said in the report LONDON: Global property and casualty insurers...
by AIP Online Bureau | Apr 17, 2024 | Indian News, Non-Life
The company’s combined ratio has improved to 102.2 per cent in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...
by AIP Online Bureau | Apr 17, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.9 crore in March 2024 from 1.09 crore a year ago, adding an investor base of 81 lakh. This shows investors’ inclination for small-cap funds New...
