by AIP Online Bureau | Sep 21, 2023 | Data, Eco/Invest/Demography, Policy
“The regulation is modelled on ICAO regulations and is based on our national, social and cultural contexts coupled with scientifically valid, optimal limits for ATCO’s. This will ensure our skies become safe and will also take care of health, physical and...
by AIP Online Bureau | Sep 21, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
After the initial focus on the Pacific, the partnership will seek to roll out the model to Asia and parts of Africa LONDON: Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for...
by AIP Online Bureau | Sep 21, 2023 | Eco/Invest/Demography, Policy
Overall household savings (current prices) – which include financial, physical and jewellery – has grown at a Compound Annual Growth Rate (CAGR) of 9.2 per cent between 2013-14 and 2021-22 (8 years) and the nominal GDP has grown at a CAGR of 9.65 per cent...
by AIP Online Bureau | Sep 21, 2023 | International News, Risk Management, Technology
Philip Paxson drowned after his vehicle plunged off a bridge in Hickory, North Carolina that collapsed in 2013, reports USA Today. San Francisco: A family in the US has sued Google after a man belonging to the family died after driving his car off a collapsed bridge...
by AIP Online Bureau | Sep 21, 2023 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
Around 380GW of offshore capacity is expected to be added across 32 markets over the next 10 years, according to the Global Wind Energy Council, with half of that growth expected to come from the Asia Pacific region. Developers and their insurers need to manage a...
by AIP Online Bureau | Sep 21, 2023 | International News, Risk Management, Technology
Aviation regulators have said AOG supplied an unknown number of jet engine spare parts backed by falsified airworthiness documentation, kicking off a worldwide effort by the industry to hunt down more components. The widening scandal has shaken an industry where...
by AIP Online Bureau | Sep 21, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology
The law passed last year will eventually require companies to report cyber incidents within 72 hours and flag paying a ransom within 24 hours, providing what Silvers described a “sea change in federal visibility into serious cyber incidents.” Still, timelines will...
by AIP Online Bureau | Sep 21, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
At the core of the problem is an increase in the severity of disasters exacerbated by climate change and the damage they wreak. Until now, state regulations that cap increases in insurance premiums and subsidized insurer-of-last-resort programs have hidden the...
by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
“Inflation remains elevated,” the rate-setting Federal Open Market Committee (FOMC) said in a policy statement that included projections incorporating stronger economic and job growth than prior forecasts, and keeping prospects for a “soft...
by AIP Online Bureau | Sep 20, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Net inflows into life insurance funds and small savings increased by 15 per cent and 7.5 per cent, respectively. Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during financial year 2023 (FY23), largely driven by strong inflows through...
