by AIP Online Bureau | Nov 30, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
“This is a theme we expect to see more of over the next 20 years, as more than 1,000 billionaires pass an estimated $5.2 trillion to their children,” said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management Number of billionaires...
by AIP Online Bureau | Nov 30, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
British individual and workplace health insurers paid out a record of nearly three billion pounds ($3.74 billion) for claims in 2022, an ABI spokesperson said. Employers are enthusiastic about offering health cover, as delayed treatment can lead to sickness and...
by AIP Online Bureau | Nov 29, 2023 | International News, Risk Management, Technology
Management consultants were singled out as the occupation most exposed to any of the 10 AI applications included in the study, from image recognition to language modeling or translation. The technology is most likely to transform professional roles such as lawyers,...
by AIP Online Bureau | Nov 29, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
by AIP Online Bureau | Nov 29, 2023 | Eco/Invest/Demography, Health, Indian News, Life, Regulation
Though as early as July, the government had advertised for two posts of members- `Finance and Investment’ and `Actuary’ at the Irdai, no body has been selected for these posts as yet Hyderabad: Even as the government is yet to make any new appointments to...
by AIP Online Bureau | Nov 29, 2023 | Indian News, Life
(Lto R) M Jagannath, MD, LIC and Siddhartha Mohanty,chairperson, LIC at the launching ceremony of corporation’s new product Jeevan Utsav Siddhartha Mohanty,chairman, IRDAI had said the new product is poised to disrupt the market and that there is a widespread...
by AIP Online Bureau | Nov 29, 2023 | International News, Non-Life, Reinsurance, Wealth Management/ Philanthropy
Ajit Jain,Vice Chairman, Insurance Operations, Berkshire Hathaway Charlie Munger’s death, on Tuesday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Warren...
by AIP Online Bureau | Nov 29, 2023 | Facts, Risk Management, Technology
“During intense solar storms, the Earth’s upper atmosphere expands outwards, thereby introducing friction on the low-Earth satellites. The friction can lead to a decay in the satellites’ orbits and reduce their lifetime. Thus, they are able to live...
by AIP Online Bureau | Nov 29, 2023 | Eco/Invest/Demography, International News, Policy
In a report titled ‘China Slows India Grows’, S&P said it expects Asia-Pacific’s growth engine to shift from China to South and Southeast Asia. New Delhi: India’s GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for...
by AIP Online Bureau | Nov 29, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
While the BSE benchmark Sensex has rallied 5,333.46 points, or 8.76 per cent, so far this year, the market capitalisation (mcap) of all listed firms at its platform has jumped Rs 48.67 lakh crore Mumbai: For the first time, the combined market capitalisation of...
