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Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman

Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman

by AIP Online Bureau | Dec 1, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Reinsurance

Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating its options for setting up in GIFT City. The summit jointly organised by IFSCA and IRDAI has allowed the market to engage with the two regulators and obtain clarification on a number of areas, said...

Red Sea attacks on ships spark safety concerns for sailors

by AIP Online Bureau | Dec 1, 2023 | Eco/Invest/Demography, International News

An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards Commercial ships face...
Indian economy tops expectations, grows by 7.6% in Q2

Indian economy tops expectations, grows by 7.6% in Q2

by AIP Online Bureau | Dec 1, 2023 | Eco/Invest/Demography, Indian News, Policy

”Real GDP growth clocked 7.6 per cent in Q2 FY 2023. The real GDP growth has surprised on the upside by not only being higher than the median projections of 6.8 per cent by professional forecasters but also their highest estimate of 7.4 per cent,” the...
Electric vehicles are less reliable than gas-powered cars: US consumer report

Electric vehicles are less reliable than gas-powered cars: US consumer report

by AIP Online Bureau | Dec 1, 2023 | Data, Eco/Invest/Demography, Non-Life, Risk Management, Technology

Consumer Reports noted that lingering concerns about reliability will likely add to the issues that give many buyers pause when considering a switch to the new technology, joining concerns about higher costs, too few charging stations and long charging times Electric...
Climate change is the biggest human health risk, says Africa’s disease boss

Climate change is the biggest human health risk, says Africa’s disease boss

by AIP Online Bureau | Nov 30, 2023 | Health, International News, Pandemic, Risk Management

Jean Kaseya, director general of the Africa Centres for Disease Control and Prevention The threat of “a climate change-related disease becoming a pandemic and coming from Africa” was what keeps Jean Kaseya, the director general of the Africa Centres for...
“We are likely to come out with a set of pension regulations soon”

“We are likely to come out with a set of pension regulations soon”

by AIP Online Bureau | Nov 30, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Interviews, Regulation, Technology, Wealth Management/ Philanthropy

Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth. The first phase followed the creation in 2020 of a new regulator, the International Financial...

Outdoor air pollution accounts for over 2 million deaths annually in India: BMJ study

by AIP Online Bureau | Nov 30, 2023 | Data, Eco/Invest/Demography, Health

Phasing out fossil fuels would result in the largest absolute reductions in attributable deaths in South, South East and East Asia, amounting to about 3.85 million annually, the researchers said New Delhi: Outdoor air pollution from all sources accounts for 2.18...

WMO report shows 2023 shattered climate records experts highlight concerns for India

by AIP Online Bureau | Nov 30, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Risk Management

“Greenhouse gas levels are record high. Global temperatures are record-high. Sea level rise is record high. Antarctic sea ice is record low. It’s a deafening cacophony of broken records,” said WMO Secretary-General Prof. Petteri Taalas Dubai: The year 2023 has...

Centre approves Rs1658 cr recovery and reconstruction plans for Joshimath

by AIP Online Bureau | Nov 30, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

Joshimath was hit by landslide and ground subsidence and the central government has extended all necessary technical and logistical support to the state The recovery plan for Joshimath would be implemented in three years, following the best practices, Build Back...

Work-related accidents and diseases increased by 5 per cent compared to 2015: ILO

by AIP Online Bureau | Nov 30, 2023 | Data, Eco/Invest/Demography, Health, Risk Management, Workplace/Employee Benefits

Circulatory diseases, malignant neoplasms and respiratory diseases rank among the top three causes of work-related death Agriculture, construction, forestry and fishing and manufacturing are the most hazardous sectors, accounting for 200,000 fatal injuries per year,...
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