by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 “Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These...
by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The transaction is Blackstone’s first indemnity catastrophe bond and covers named storms and earthquakes in the United States and Canada New York: Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked...
by AIP Online Bureau | Jul 20, 2023 | Indian News, Life, Non-Life, Technology
The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...
by AIP Online Bureau | Jul 20, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
As many as 13 people died, including one rescuer, after the landslide occurred at Irshalwadi village in Khalapur tehsil in Maharashtra’s Raigad district, police said Shimla/Mumbai: With five new deaths on Wednesday, the death toll in Himachal Pradesh due to...
by AIP Online Bureau | Jul 20, 2023 | Eco/Invest/Demography, International News, Life, Pension & Social Security, Technology
“A variety of possibilities should be considered when preparing for retirement, including longevity. SOA’s Longevity Illustrator, a web-based tool, is designed to provide information to help individuals and couples plan a secure retirement more effectively...
by AIP Online Bureau | Jul 20, 2023 | Health, Indian News, Risk Management
At least 70 children in Gambia, most under 5 years old, died from acute kidney injury last year. A government-backed investigation found that the deaths were “very likely” caused by contaminated medicines made in India. The small West African country has...
by AIP Online Bureau | Jul 20, 2023 | Eco/Invest/Demography, Workplace/Employee Benefits
Top financial services firms such as American Express, Visa and Mastercard, along with tech giants like Alphabet, are some of the major employers who have adopted “work-from-anywhere” week policies. This generally means employees keep an in-office presence for most of...
by AIP Online Bureau | Jul 20, 2023 | Indian News, Life, Non-Life, Policy
In this packed Parliament’s Monsoon session, the Union government is likely to discuss a total of 31 bills, but “Insurance Bill 2023’ for which the government has earlier sought approval of the Union Cabinet, is not included in the list New Delhi: The...
by AIP Online Bureau | Jul 20, 2023 | Briefs, Life
The government has appointed Sat Pal Bhanoo as one of the managing directors of Life Insurance Corporation (LIC).He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April. Bhanoo’s appointment is effective from the...
by AIP Online Bureau | Jul 19, 2023 | Data, Eco/Invest/Demography
The industry experts concurred that the growth in the aviation sector will in turn fuel the growth in the tourism sector, both of which were badly hit globally after the outbreak of the COVID-19 pandemic, but have shown resilience, and are recovering on the right...
