by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, Facts, Policy, Regulation
The message comes as China’s government tries to encourage young couples to have children, as an increasing number of women put off having children or opting to have none at all Many women cite the high cost of childrearing, difficulty in continuing on their...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, Features, Non-Life, Reinsurance, Risk Management
India and Egypt are among the economies that are overall most vulnerable to El Nino’s impact this year, according to an index by Standard Chartered Bank, taking into account the weight of the primary sector, the share of food in inflation baskets and a...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
According to the report, total reinsurance gross premiums written by the top 50 reinsurers increased by 2.6% to USD 363.6 billion in 2022 “For many reinsurers, premium growth was driven primarily by strong rate increases, not exposure growth,” said Christopher...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Pension & Social Security, Policy, Workplace/Employee Benefits
The number of Australians aged 65 and over will double by 2063 but spending on public pensions will decline to 2% of GDP over the same period, from 2.3% today, thanks to the private pension system, according to excerpts from the “Intergenerational Report...
by AIP Online Bureau | Aug 23, 2023 | Data, Eco/Invest/Demography, Health
Obesity or high body mass index (BMI) was an important risk factor for osteoarthritis, the study results showed, and that it played a greater role over time as rates of obesity had increased NEW DELHI: By 2050, nearly one billion people globally are projected to be...
by AIP Online Bureau | Aug 23, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Michael Young, Vice President, Product Management, Moody’s RMS, noted: “When the rare situation of high wind and wildfire ignitions do occur again in the future, we need to be sure all the buildings comply with scientifically proven risk reduction features highlighted...
by AIP Online Bureau | Aug 23, 2023 | International News, Non-Life, Regulation
Ron Whyte, Head of Miller Asia, said: “Asia forms an important part of Miller’s international growth strategy and these new appointments provide us with greater focus as we continue to expand in the region” London: Miller, an independent specialist (re)insurance...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insurers have complained publicly about the risks of covering cargoes using the attestation system in recent months. There has also been a drop off in the number of ships calling at Russian ports with industry-standard insurance from members of the International Group...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Risk Management
The announcement comes a day after the government said it had won “a degree of understanding” from the fishing industry over the release of the water into the Pacific Ocean, even as fishing groups said they still feared the reputational damage would ruin their...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Attacks by Russian forces on agricultural infrastructure in recent weeks have helped sustain sky-high insurance premiums for ships calling into Ukraine Current market rates for war risk insurance can be anywhere between 3% and 5% of the value of a ship, meaning there...
