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Magma HDI General Insurance launches covers for batteries of EVs and HEVs

by AIP Online Bureau | Nov 7, 2023 | Briefs, Non-Life, Technology

Magma HDI General Insurance Limited (Magma HDI) has launched ‘Battery Secure Add On’, an insurance product specifically for batteries of electric vehicles (EVs) and hybrid electric vehicles (HEVs). Rajive Kumaraswami, managing director & CEO, Magma HDI General...

Star Health partners with Finequs to boost health insurance accessibility

by AIP Online Bureau | Nov 7, 2023 | Briefs, Health, Technology

Star Health and Allied Insurance has announced a strategic partnership with Finconvenio Services Private Limited, (Finequs) a technology-powered financial services distribution company to provide easy access to health insurance in the country. Through Finequs, Star...

AI tools trigger surge of fake sexual images of women and teens: Report

by AIP Online Bureau | Nov 7, 2023 | Data, Regulation, Risk Management, Technology

US President Joe Biden’s AI executive order recommends, but does not require, companies to label AI-generated photos, videos and audio to indicate computer-generated work San Francisco: Amid the controversy surrounding a reported morphed video of actor Rashmika...

Climate’s ‘Catch-22’: Cutting pollution heats up the planet

by AIP Online Bureau | Nov 7, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Features, Health

The removal of the air pollution – a term scientists call “unmasking” – may have had a greater effect on temperatures in some industrial Chinese cities over the last decade than the warming from greenhouse gases themselves, the scientists said Air pollution, a global...

Israel’s ship industry urges government to help with jump in war insurance

by AIP Online Bureau | Nov 7, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The finance ministry said subsidizing the cost of additional war risk premiums was not being considered as of now, adding it was examining “additional solutions that will provide an insurance defense for vessel owners,” without giving details Ships sailing for Israel...

New Swiss rules set to overhaul $20 billion bond market

by AIP Online Bureau | Nov 7, 2023 | Eco/Invest/Demography, International News

There are nearly $20 billion of subordinated notes that Swiss insurers have been able to use as capital under a previous regime that will be grandfathered until the end of 2033, based on data compiled by Bloomberg. Swiss Re AG has kickstarted the process of dealing...

As devastated Acapulco rebuilds, other Mexico resorts urged to heed its lessons

by AIP Online Bureau | Nov 7, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

As Acapulco rebuilds after the deadly Category 5 hurricane, climate experts, architects, engineers and politicians recommended steps Mexico should take. These include tougher building standards, improving flood water management and enhancing storm detection to avoid...
Boeing says ‘cyber incident’ hit parts business after ransom threat

Boeing says ‘cyber incident’ hit parts business after ransom threat

by AIP Online Bureau | Nov 7, 2023 | International News, Risk Management, Technology

Lockbit was the most active global ransomware group last year based on the number of victims, and it has hit 1,700 U.S. organizations since 2020, according to the U.S. Cybersecurity and Infrastructure Security Agency (CISA) Boeing, one of the world’s largest defense...
Handhold patients under Aarogya Suraksha until complete cure: Andhra Pradesh CM

Handhold patients under Aarogya Suraksha until complete cure: Andhra Pradesh CM

by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography

Y S Jagan Mohan Reddy,Chief Minister,Andhra Pradesh The CM noted that officials are now equipped with the data of 6.4 crore rapid medical tests of people from 1.44 crore families While tracking them through the mobile app and mapping them with the referred hospitals,...

Fitch raises India”s medium-term growth estimate, cuts China”s

by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography, International News, Policy

Fitch made upward revisions to Brazil, India, Mexico, Indonesia, Poland and Turkey relative to its previous estimates. Fitch attributed the higher growth forecast for India to a swift recovery in labour force participation rates, following significant declines in 2020...
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