by AIP Online Bureau | Aug 4, 2023 | Indian News, Life
”We are focused on reaching more customers and exploring newer markets to increase insurance penetration in the rural and middle-income segment,” company MD and CEO Casparus J Kromhout said Chennai: Shriram Life Insurance is focused on exploring newer...
by AIP Online Bureau | Aug 4, 2023 | International News, Non-Life, Reinsurance
In its key property and casualty business, Swiss Re booked $634 million in large natural catastrophe losses in the first half from the earthquake in Turkey and Syria, Cyclone Gabrielle, and flooding in New Zealand. All are events that occurred in the first quarter...
by AIP Online Bureau | Aug 4, 2023 | Data, Technology
The data suggests increased law enforcement activity, heavy sanctions and victims’ refusal to pay ransom demands have altered criminal conduct, and threat actors are targeting other means of revenue, the report said while explaining the reason for fall in...
by AIP Online Bureau | Aug 4, 2023 | Eco/Invest/Demography, International News, Policy, Wealth Management/ Philanthropy
Upcoming decisions are on a knife-edge. Pausing too early could cause financial conditions to loosen too fast, re-igniting inflationary pressures. Stopping too late could trigger a credit crunch and a recession. So far, nine developed economies have raised rates by a...
by AIP Online Bureau | Aug 4, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
The premium amount will be paid by the state government for families with income less than Rs 8 lakh and belonging to all classes including general, other backward classes, most backward classes, scheduled castes and scheduled tribes, Rajasthan Chief Minister Ashok...
by AIP Online Bureau | Aug 4, 2023 | Eco/Invest/Demography, Indian News
Gurugram, formerly known as Gurgaon, is a city of over 1.5 million people that shares a border with New Delhi. A new urban centre with glitzy high-rises, luxury hotels, malls and gated condominiums, it is home to multinational firms, large Indian corporates and...
by AIP Online Bureau | Aug 4, 2023 | Articles, Eco/Invest/Demography, Policy, Regulation, Risk Management, Technology
Privacy experts say the proposed law fails to adequately safeguard the personal data of the nation’s 1.4 billion citizens, and gives the government too much power Companies and institutions can be penalised for non-compliance, and for failing to take reasonable...
by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal. “Now we are discussing in the government and, I am sure, we will make a decision on...
by AIP Online Bureau | Aug 3, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
When it comes to disaster response, the ECB sees insurers as the first line of financial defense, backed up by reinsurers and the financial markets with instruments like catastrophe bonds. The global market for catastrophe bonds, which give insurers a payout when a...
by AIP Online Bureau | Aug 3, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management
As the world reels from the mounting impact of heat waves, droughts and fiercer storms, there is growing concern that credit rating analysts are misreading climate risks in the $133 trillion global bond market, to the detriment of creditors and borrowers alike For...
