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Philippines warns of tsunami, orders evacuations after Taiwan quake

Philippines warns of tsunami, orders evacuations after Taiwan quake

by AIP Online Bureau | Apr 3, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management

Coastal areas in 23 provinces from the north to the south of the archipelago nation, but not the capital Manila, “are expected to experience high tsunami waves” based on tsunami wave models, the state seismology institute said in an advisory MANILA: The Philippines...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

by AIP Online Bureau | Apr 2, 2024 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Risk Management, Technology

“No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA’s new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the...
Trapped boats start moving out of wreckage after US bridge collapse

Trapped boats start moving out of wreckage after US bridge collapse

by AIP Online Bureau | Apr 2, 2024 | Disaster & Management, International News

Baltimore’s shipping channel has been blocked since a fully loaded container ship lost power and collided with a support column of the Francis Scott Key Bridge last Tuesday, killing six road workers and causing the highway bridge to tumble into the Patapsco...
Sompo announces leadership changes for Asia Pacific Region

Sompo announces leadership changes for Asia Pacific Region

by AIP Online Bureau | Apr 2, 2024 | International News, Non-Life, Reinsurance

Kenneth Reilly, CEO, Insurance, Sampo, Asia Pacific region James Shea said, “As we invest and further develop our business across the Asia Pacific region it is fundamental to build our team to support our plans for continued growth. With more than 25 years of...
APAC’s Nat Cat economic losses at $65 billion in 2023, 91% uninsured

APAC’s Nat Cat economic losses at $65 billion in 2023, 91% uninsured

by AIP Online Bureau | Apr 2, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management

George Attard, CEO of Reinsurance Solutions for Aon’s Asia Pacific region Economic losses in the Asia Pacific region specifically, driven primarily by floods in China and drought in India, reached USD 65 billion “The findings from Aon’s 2023 Global Risk Management...

Online doctor consultations surge 4x post-Covid pandemic in India: Report

by AIP Online Bureau | Apr 2, 2024 | Data, Health, Non-Life, Technology

“With the increasing penetration of smartphones and declining data prices, digital platforms have become instrumental in bridging existing gaps in the healthcare ecosystem. And we have seen growing acceptance for online consultations from patients and healthcare...

World Backup Day: Safeguarding personal & company data becomes paramount

by AIP Online Bureau | Apr 2, 2024 | Data, Eco/Invest/Demography, Workplace/Employee Benefits

“Today, businesses are 24×7 and any form of data loss can lead to catastrophic consequences. World Backup Day serves as a reminder for organisations to prioritise data protection, reevaluate their backup and recovery strategies and thereby safeguard against the...
Extreme weather predicted during Lok Sabha polls, preparation in advance crucial: Rijiju

Extreme weather predicted during Lok Sabha polls, preparation in advance crucial: Rijiju

by AIP Online Bureau | Apr 2, 2024 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Policy

Kiren Rijiju,Union Minister for Earth Sciences National Disaster Management Authority (NDMA) member Kamal Kishore stressed the need for long-term solutions to address the increasing vulnerability of geographical areas to heatwaves, including constructing resilient...

Increased heat unlikely to impact wheat crop, says IMD

by AIP Online Bureau | Apr 2, 2024 | Data, Eco/Invest/Demography

India is set to experience extreme heat during the April to June period, with the central and the western peninsular parts expected to face the worst impact, India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra said. New Delhi: The increase in...
Shipowner in Baltimore bridge collapse seeks to limit liability to $43.7 mn

Shipowner in Baltimore bridge collapse seeks to limit liability to $43.7 mn

by AIP Online Bureau | Apr 2, 2024 | International News, Non-Life, Reinsurance, Risk Management

The company, Grace Ocean, could face hundreds of millions of dollars in damage claims, legal experts say.On Monday it filed a petition jointly with Synergy Marine, which was operating the Singapore-flagged cargo ship Dali. They claim the collapse of the Francis Scott...
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