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Growth slowdown concentrated in advanced economies: IMF

by AIP Online Bureau | Jul 26, 2023 | Eco/Invest/Demography, International News

India is estimated to account for one-sixth of global growth this year. “India is a country with growth — very strong and continuing to be strong. It’s about — one sixth of total global growth is accounted for by India right this year, and...

Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific

by AIP Online Bureau | Jul 26, 2023 | International News, Non-Life, Reinsurance

Gunawan’s appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia

Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia

by AIP Online Bureau | Jul 26, 2023 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management, Technology

Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody’s RMS models.”...

Personal consumption,residential investments would grow slowly in FY24

by AIP Online Bureau | Jul 26, 2023 | Data, Eco/Invest/Demography, Policy

Household household net financial savings (NFS) had fallen to a three-decade low of 6 per cent of the GDP in FY23E, almost half of the peak in FY21 and down from 7.5-8.0 per cent of the GDP in the pre-Covid period New Delhi: The entire theme of financialisation of...
Digital Adoption: Online platform preferred for general insurance products

Digital Adoption: Online platform preferred for general insurance products

by AIP Online Bureau | Jul 26, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Technology

“Digital adoption is no longer just a choice; it has become a necessity for businesses to thrive in today’s rapidly evolving landscape. Our recent research report underscores the critical role that technology plays in driving growth, efficiency, and...

China’s projected population more than that of India as on July 1 this year, Centre tells Lok Sabha

by AIP Online Bureau | Jul 26, 2023 | Data, Eco/Invest/Demography, Policy

“By the end of this month, India’s population is expected to reach 1,425,775,850 people,” Government it had said in a tweet New Delhi: The government informed the Lok Sabha on Tuesday that projected population of India on July 1 this year is less...

Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes

by AIP Online Bureau | Jul 25, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...

Chubb seeks 49% of India’s Kotak General Insurance, has edge over Zurich -sources

by AIP Online Bureau | Jul 25, 2023 | Indian News, Non-Life

Kotak General Insurance continues to have discussions with Zurich, though separate talks with private equity firm Carlyle have not worked out, the people added MUMBAI: U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has...

WHO releases new guidance to improve testing and diagnosis of sexually transmitted infections

by AIP Online Bureau | Jul 25, 2023 | Eco/Invest/Demography, Facts, Features, Health

Several countries are increasingly reporting failures of current treatment recommendations for gonorrhoea. Of concern, the spread of a Neisseria gonorrhoea clone that is highly resistant to ceftriaxone is increasingly being reported in countries in Asia such as China,...
Biden administration pushing insurers to improve access to mental health treatment

Biden administration pushing insurers to improve access to mental health treatment

by AIP Online Bureau | Jul 25, 2023 | Health, International News, Non-Life, Policy, Regulation, Reinsurance

US President Joe Biden “Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay...
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