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71% of world’s population protected by at least one tobacco control measure

by AIP Online Bureau | Aug 1, 2023 | Data, Eco/Invest/Demography, Health, Non-Life

Around 1.3 million people die from second-hand smoke every year. All of these deaths are entirely preventable. People exposed to second-hand tobacco smoke are at risk of dying from heart disease, stroke, respiratory diseases, type 2 diabetes and cancers In the last 15...

Max life ties up with South Indian Bank for selling insurance products

by AIP Online Bureau | Aug 1, 2023 | Banking & Bancassurance, Briefs, Life

Max Life Insurance has announced its partnership with South Indian Bank, a private sector bank in India. Through this partnership, SIB customers will now have access to an extensive range of Max Life Insurance’s products tailored to meet their specific needs,...
Amit Agarwal appointed as CEO of Howden India

Amit Agarwal appointed as CEO of Howden India

by AIP Online Bureau | Aug 1, 2023 | Indian News, Intermediaries, Non-Life, Reinsurance

Amit Agarwal, CEO, Howden India Agarwal’s appointment underlines Howden India’s ambitious growth plans and aspiration to be a leading broker in one of the world’s fastest growing insurance markets by 2026, said the company London: UK based Howden, a multinational...
Global Trade: War, AI and climate change shaking up $32 trillion supply chain risks

Global Trade: War, AI and climate change shaking up $32 trillion supply chain risks

by AIP Online Bureau | Aug 1, 2023 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy, Technology

A shift from fossil fuels is spurring demand for materials essential for electrification. Artificial intelligence is forcing employees to learn new skills so they won’t be replaced by computers. Long before these trends are reflected in government data, they’re...

Extreme heat rendering parts of the world too hot to insure

by AIP Online Bureau | Jul 31, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life

Rising temperatures are disrupting economic activity and daily life across the globe, sapping crops, drying rivers and raising sea levels. Scientists suspect the last several years have been warmer than any point in over 125,000 years Soaring global temperatures may...

Foreign portfolio investments fell sharply to (-) Rs 40,936 cr in 2022-23 from Rs 2,67,100 cr in 2020-21

by AIP Online Bureau | Jul 31, 2023 | Data, Eco/Invest/Demography

There have been positive signs though in the first quarter of the current fiscal (2023-24), as FPI inflows stood in positive zone at Rs 1,18,133 crore during April-June period of the current fiscal The sustained investment by FPIs is a reflection of their increasing...

India likely to receive below-average monsoon rains in August

by AIP Online Bureau | Jul 31, 2023 | Data, Eco/Invest/Demography, Non-Life

El Nino — warming of the waters in the Pacific Ocean near South America — has not affected the monsoon rains so far, Mohapatra said New Delhi: India is likely to receive below-average rainfall in August due to the El Nino weather pattern, a senior weather...

Over 17,000 people died in floods and heavy rains between 2012-2021: Govt

by AIP Online Bureau | Jul 31, 2023 | Data, Disaster & Management, Eco/Invest/Demography

Responding to a question in the Rajya Sabha, Minister of State for Jal Shakti Bishweswar Tudu said the increased incidence of high intensity rainfall of short duration is mainly responsible for urban floods, which is further compounded by unplanned growth,...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report

RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report

by AIP Online Bureau | Jul 31, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

The bank however has termed claims made in this report “completely incorrect and baseless” Kotak Mahindra’s holdings in units – Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. – are also under review as the...

IRDAI appoints Liberty General Insurance as “Lead Insurer”(Non-Life) for Delhi

by AIP Online Bureau | Jul 31, 2023 | Briefs, Eco/Invest/Demography, Health, Non-Life

Liberty General Insurance has been appointed as the “Lead Insurer”(Non-Life) for Delhi by the IRDAI. This appointment is part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration with other insurers,...
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