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...
by AIP Online Bureau | Sep 20, 2023 | Data, Eco/Invest/Demography, Health, Life, Non-Life, Workplace/Employee Benefits
In India, employers see risk and insurance benefits (51 per cent), health benefits (51 per cent) and career, training and development (43 per cent) as the most important benefits in their portfolios ”Economic factors, a tough labour market and tight budgets are...
by AIP Online Bureau | Sep 20, 2023 | Indian News, Non-Life
Ved was the second official from Tata AIG General to become a CEO of another domestic general insurer after Amit Ganokar,also from Tata AIG General, had joined Chennai based Royal Sundram General Insurance as its MD & CEO a few months back MUMBAI: Liberty General...
by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy
According to the data from Bitinforcharts, the number of daily active addresses reached a multi-month high on September 15, rising from 754,000 two years ago to a whopping 1.08 million San Francisco: Bitcoin has witnessed an extraordinary surge in transaction volume...
by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
According to the Reserve Bank of India (RBI), household net financial savings (HHNFS) collapsed to just 5.1 per cent of GDP in FY23, marking the lowest level in 47 years since FY77, the report said New Delhi: Household financial borrowings in FY23 surged to 5.8 per...
