by AIP Online Bureau | May 24, 2024 | Features, Non-Life, Risk Management, Technology
While high-altitude turbulence isn’t a rare occurrence, resulting fatalities are. The phenomenon can be caused by rising pockets of hot air, or cumulonimbus clouds that are often accompanied by gusts and storms. At higher altitudes, aircraft might encounter sudden...
by AIP Online Bureau | May 24, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
World Bank report findings show large middle-income countries including Brazil, India, Chile, Colombia, and Türkiye are making strides in carbon pricing implementation. While traditional sectors like power and industry continue to dominate, carbon pricing is...
by AIP Online Bureau | May 24, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management, Technology
Strong turbulence is produced when air streams traveling at significantly different speeds come together. This is typically encountered at the boundaries of jet streams, over mountains and in certain cloud storms, according to the turbli website The deadly turbulence...
by AIP Online Bureau | May 24, 2024 | Briefs, Eco/Invest/Demography, Life
Max Life Insurance Company (Max Life) has announced its highest-ever participating (PAR) bonus of Rs1,826 Crore for its eligible policyholders in FY23-24. The bonus is 14% higher than the bonus declared in the last fiscal. The declared annual bonus will be added to...
by AIP Online Bureau | May 23, 2024 | International News, Non-Life, Reinsurance, Risk Management
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Travel insurance policies “will likely” cover injuries...
by AIP Online Bureau | May 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management
The tribunal was hearing a matter where it had taken suo motu (on its own) cognisance of a newspaper report claiming a loss of 2.33 million hectares of tree cover across states since 2000 The NGT also sought a report from the director of the Survey of India showing...
by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The increasing demand for data in specialty insurance has prompted underwriters and brokers to begin harnessing synthetic data to supplement existing datasets, improving risk assessment efficiency. This is because synthetic data offers solutions to several key...
by AIP Online Bureau | May 23, 2024 | Disaster & Management, Indian News, Risk Management
Five men and two women were killed in the incident but their bodies were charred beyond recognition, said Yasin Tadvi, chief of the disaster management cell of the Thane Municipal Corporation Thane: As many as seven persons were killed and more than 40 injured...
by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, Indian News, Policy
“The additional dividends from the RBI are around 0.35 per cent of GDP. Whether it would support the narrowing of the fiscal deficit in fiscal 2024-25 would really depend on the final budget that would be passed after the June election results,” said...
by AIP Online Bureau | May 23, 2024 | Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Alex Rosati In his role with WTW, Alex will focus on all aspects of the firm’s claims proposition, including the development and execution of WTW’s claims management strategy across Asia Singapore: WTW, a global advisory, broking and solutions company, today announced...
