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Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London

Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London

by AIP Online Bureau | Dec 30, 2023 | International News, Non-Life, Reinsurance

The U.K. has been battered by strong, gusty winds and heavy rain brought by Storm Gerrit throughout the holiday period. More stormy weather and travel disruption is expected during the last weekend of the year The holiday travel plans of hundreds of people were...

Will JN.1 drive a severe Covid wave in India?

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, Health, Indian News, Policy

As per the policy on COVID-19 testing, directed by the management, testing will be done for patients with SARI (severe acute respiratory infection) like symptoms that include according to the WHO, acute respiratory infection, persistent fever or fever of >= 38 C° with...

China revises company law to tighten capital contribution rules

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Google settles $5 billion consumer privacy lawsuit

Google settles $5 billion consumer privacy lawsuit

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The plaintiffs alleged that Google’s analytics, cookies and apps let the Alphabet unit track their activity even when they set Google’s Chrome browser to “Incognito” mode and other browsers to “private” browsing mode Alphabet’s Google has agreed to settle a lawsuit...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter

Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
Risk Report: Building Risk Culture for India Inc

Risk Report: Building Risk Culture for India Inc

by AIP Online Bureau | Dec 29, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits

Sanjeev Mantri, MD & CEO, ICICI General Insurance Profound urgency of Climate Change continues to be undervalued among India Inc. Only Energy and Utilities, Hospitality, Infrastructure and Real Estate and FMCG sectors identified Climate Change and Natural...
World population to top 8 billion by January 1,adds 75 million this year

World population to top 8 billion by January 1,adds 75 million this year

by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News

The worldwide growth rate in the past year was just under 1 per cent. At the start of 2024, 4.3 births and two deaths are expected worldwide every second, according to the Census Bureau figures Washington: The world population grew by 75 million people over the past...
All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023

All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023

by AIP Online Bureau | Dec 29, 2023 | Indian News, Policy, Wealth Management/ Philanthropy

Experts said India’s strong macroeconomic fundamentals, political stability owing to the BJP’s success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate...

JN.1 variant dominates US with 50% of Covid cases: CDC

by AIP Online Bureau | Dec 28, 2023 | Data, Eco/Invest/Demography, Health

“JN.1 continues to cause an increasing share of infections and is now the most widely circulating variant in the United States. For the two weeks ending on December 23, 2023, JN.1 is expected to account for 39-50 per cent of all SARS-CoV-2 variants,” the...
Wealth Management: Record year for India’s $585 billion Mutual Fund industry

Wealth Management: Record year for India’s $585 billion Mutual Fund industry

by AIP Online Bureau | Dec 28, 2023 | Articles, Eco/Invest/Demography, Policy, Technology, Wealth Management/ Philanthropy

As the unforeseen gift of a pandemic-led boom in retail investing keeps on giving, and India’s $4.1 trillion equity market continues to grow — benchmark indexes are poised to cap a record eighth year of gains — industry veterans see mutual funds attracting a bigger...
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