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UK to provide USD 2 billion to Green Climate Fund

by AIP Online Bureau | Sep 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

‘The UK is stepping up and delivering on our climate commitments, both by decarbonising our own economy and supporting the world’s most vulnerable to deal with the impact of climate change,” Sunak said, addressing the G20 leaders. New Delhi: The UK...

Morocco survivors seek aid as earthquake toll passes 2,100

by AIP Online Bureau | Sep 10, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The government said on Sunday it has set up a fund for those affected by the earthquake. Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote...

G20 Delhi Declaration calls for implementing ‘One Health’ approach

by AIP Online Bureau | Sep 10, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Non-Life, Policy

“Promote the One Health-based approach driven by the Quadripartite One Health Joint Plan of Action (2022-2026). Enhance the resilience of health systems and support development of climate- resilient and low-carbon health systems in collaboration with MDBs, and...

In a first, PSU general insurers’ market share below a third of industry

by AIP Online Bureau | Sep 10, 2023 | Indian News, Non-Life

Public sector insurers saw their premium income fall by 1 per cent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 per cent from 33.4 per cent, while premium income slipped...

IMF, World Bank to step up cooperation on climate, debt, digital transition

by AIP Online Bureau | Sep 8, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy

The joint IMF-World Bank statement said the two institutions would collaborate on climate change on a “more structured and institutionalized footing. IMF, World Bank to step up cooperation on climate, debt, digital transitionThe International Monetary Fund and...

“Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report

by AIP Online Bureau | Sep 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Technology

World Bank said JAM (Jan Dhan, Aadhar, Mobile) trinity – a combination of bank accounts for all, Aadhaar, and mobile connectivity — has propelled financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults in past six years, a journey which...

IMF-FSB paper pitches for coordinated action to deal with cryptocurrencies

by AIP Online Bureau | Sep 8, 2023 | Eco/Invest/Demography, Indian News, Risk Management, Technology, Wealth Management/ Philanthropy

The policy roadmap suggested by the paper to mitigate cryptocurrency risks includes building institutional capacities beyond G20; enhancing global coordination, cooperation and information sharing; and addressing data gaps necessary to understand the rapidly changing...

Philips to pay at least $479 million for Apnea machine cases

by AIP Online Bureau | Sep 8, 2023 | Health, International News, Risk Management

The machines are designed to force extra air down users’ throats to treat obstructive apnea – an ailment that interferes with proper sleep and can cause fatal heart problems. U.S. Food and Drug Administration officials have said they’ve linked 385 deaths to...

Constructive collaborations and client centricity will be key to successful negotiations

by AIP Online Bureau | Sep 8, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

The rebound in the ILS market in 2023 has seen it now contributing a record $100 billion in risk transfer capacity, thereby acting as a key supply-side driver in the property catastrophe space. Within the ILS sector, catastrophe bond issuance set a 1H record, having...

HC refuses to restrain use of PolicyBazaar trade marks on Google AdWords

by AIP Online Bureau | Sep 8, 2023 | Indian News, Intermediaries

The court, in its interim order, said the suits were based on the allegations of mere use of the registered trademarks of Policybazaar as key words by the defendants in the AdWords Program and the mere appearance of the websites of the defendants as advertisements or...
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