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Howden appoints David Shalders as its Group Chief Operating Officer

by AIP Online Bureau | Feb 6, 2024 | Briefs, Intermediaries, Non-Life

International broker Howden has appointed David Shalders as its Group Chief Operating Officer. With 30 years’ experience, Shalders joins Howden from LSEG (London Stock Exchange Group), where he currently holds the role of Chief Operating Officer and Head of...

Max Life Insurance appoints Sumit Madan as chief distribution officer

by AIP Online Bureau | Feb 6, 2024 | Briefs, Life

Max Life Insurance Company has appointed of Sumit Madan as senior director and chief distribution officer. In this role, Sumit will help drive the company’s business growth and expansion initiatives across distribution networks, including bancassurance, agency, and...
LIC shares cross Rs 1,000 mark, GIC re touches issue price of Rs 433 for the first time

LIC shares cross Rs 1,000 mark, GIC re touches issue price of Rs 433 for the first time

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, Indian News, Life, Reinsurance, Wealth Management/ Philanthropy

The shares of New India Assurance(NIA) also rose almost 10 per cent and closed at Rs 265.10 in BSE New Delhi: The upward share prices of Life Insurance Corporation of India (LIC) and  GIC Re, state-owned multinational reinsurer, on Monday brought cheers to the retail...

FSSAI approves amendments to streamline food safety and standards regulations

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, Health, Indian News, Regulation, Risk Management

The Food Authority also approved a first-of-its-kind and comprehensive manuals of methods of analysis for ensuring regulatory compliance of the food products New Delhi: In a move that would facilitate ease of doing business through the concept of ‘One Nation, One...

120 patients in Israel exposed to medication error during hospital software malfunction

by AIP Online Bureau | Feb 5, 2024 | Health, International News, Risk Management, Technology

Of particular concern were patient discharge documents containing incorrect prescriptions. As the ministry received similar reports from other hospitals, it ordered an investigation Tel Aviv: Knesset lawmakers briefed by Health Ministry officials on Monday were told...
WTW launches world-first parametric insurance protection for endangered South Pacific coral reef system

WTW launches world-first parametric insurance protection for endangered South Pacific coral reef system

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Sarah Conway, Director and Ecosystem Resilience Lead, WTW, said: “We are grateful to BHP for supporting the design and implementation of the first coral reef insurance programme in Fiji. Building on lessons learned from our involvement with similar initiatives in...

Consortium launched to address growing burden of lung cancer in Asia-Pacific

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, Health, International News, Risk Management

Lung cancer has a significant health and economic impact in the APAC region. It is the most prevalent cancer, accounting for about 1 million deaths per year, and projected to rise to over 1.8 million by 2040 SINGAPORE: On World Cancer Day, a consortium called the Asia...

Cyber threat,public liability and geopolitics pose greatest risk to organisations: WTW survey

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management, Technology

Ben MacCarthy, Head of Real Estate, Hospitality & Leisure, Asia, at WTW, said: “We found APAC firms pursuing innovative solutions through Proptech, with a focus on SMART buildings and improving ways data is accessed accurately especially to adapt to ESG and...

Deepfake video meeting with fake CFO costs company $25.6 mn

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

The company employees in the call looked and sounded like real people the targeted employee recognised.They followed instructions given during the meeting and made 15 transfers totalling HK$200 million $25.6 million) to five Hong Kong bank accounts. Hong Kong: A...
Investors dig into India’s stock market as China flounders, discount risks

Investors dig into India’s stock market as China flounders, discount risks

by AIP Online Bureau | Feb 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

Global investors’ desire to own a piece of the brightest market in the emerging world has been the catalyst, says Remi Olu-Pitan, head of multi-asset growth and income at asset manager Schroders, but that has meant an under-appreciation of the vulnerability and...
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