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California insurers’ inability to price risk is causing headaches

by AIP Online Bureau | Jun 11, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

State regulations ask wildfire insurers to set rates for annual catastrophic coverage as a fraction of damages accrued over 20 years — without mention of models that can capture the accelerated rate of land use change and development, weather and wind trends or the...

Many newborns dying due to loss of efficacy of antibiotics against sepsis: Study

by AIP Online Bureau | Jun 10, 2023 | Facts, Health, Risk Management

Sepsis is a life-threatening bloodstream infection which affects up to 3 million babies a year globally. Every year, 214,000 newborn babies, mostly in low- and middle-income countries (LMICs), die of sepsis that has become resistant to antibiotics Newborn babies are...

Adding genomic info to blood biomarkers yields cost-effective results for chronic disease prevention: Study

by AIP Online Bureau | Jun 10, 2023 | Eco/Invest/Demography, Facts, Health, Technology

“We found that in all the diseases, both genetics and biomarkers could provide useful information about disease risk, even ten years into the future. And the blood biomarkers provided better prediction in nearly all cases – for example, the 10 per cent of...

by AIP Online Bureau | Jun 10, 2023 | Workplace/Employee Benefits

India puts coastal states on alert amid warning of strengthening cyclonic storm

by AIP Online Bureau | Jun 10, 2023 | Workplace/Employee Benefits

The Indian Meteorological Department (IMD), which categorised Biparjoy as a “very severe storm”, said at 08:30 a.m. IST (0300 GMT) on Saturday the weather system was centered about 620 kilometres (385.25 miles) west-southwest off the financial capital...
Going Digital: Customising Premiums for Policyholders

Going Digital: Customising Premiums for Policyholders

by AIP Online Bureau | Jun 10, 2023 | Articles, Health, Technology, Workplace/Employee Benefits

Anuj Parekh, Co-founder and CEO,Healthysure How Technology advancements makes it easier to customize plans to an individual’s unique needs and bring down the premiums In a world where digital advancements are constantly reshaping our lives, the Indian insurance...

by AIP Online Bureau | Jun 10, 2023 | Workplace/Employee Benefits

NASA mission to avert ‘internet apocalypse’ that could pause online access for months

by AIP Online Bureau | Jun 10, 2023 | International News, Risk Management, Technology

Scientists have warned about the potential impact of an upcoming solar storm, commonly referred to as an “internet apocalypse”, which could strike within the next decade NASA has launched a spacecraft as part of a mission in an effort to avert a potential...

LIC raises stake in SAIL by 2%

by AIP Online Bureau | Jun 10, 2023 | Briefs, Life, Workplace/Employee Benefits

Life Insurance Corporation of India (LIC) has raised its stake in state-owned steel production firm SAIL by about 2 per cent to to 8.68 per through an open market acquisition. LIC bought 8.26 crore shares or 2.001 per cent of equity capital at an average price of Rs...

Max Life launches Smart Wealth Advantage Growth Par Plan

by AIP Online Bureau | Jun 10, 2023 | Briefs, Life

Max Life Insurance Company Ltd. has launched Smart Wealth Advantage Growth Par Plan – a non-linked participating Individual Life Insurance Savings Plan. The plan combines the power of ‘Protection, Liquidity, and Flexibility’ into a simple solution and offers...
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