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Toyota wants to make more than just EVs — and has plenty of company

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

In January, the majority-owner of India’s dominant car manufacturer announced a deal with a government agency and Asia’s largest dairy manufacturer to verify that biogas derived from cow manure could be used to power Suzuki models running on compressed natural gas EVs...
EU fines Meta $1.3 billion over data transfers to US

EU fines Meta $1.3 billion over data transfers to US

by AIP Online Bureau | May 22, 2023 | International News, Regulation, Risk Management, Technology

The social network giant’s continued data transfers to the US didn’t address “the risks to the fundamental rights and freedoms of people whose data was being transferred across the Atlantic, according to a decision by the Irish Data Protection Commission announced on...

Vaping ban violations: Centre issues public notice for stricter implementation of Act

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, Health, Indian News, Policy, Workplace/Employee Benefits

Binoy Mathew, Manager, Voluntary Health Association of India, said, “Despite a ban on electronic cigarettes by the government of India in 2019, they are easily available in tobacco shops and online and are sold to children below 18 years of age”. New...
Next wave of life expectancy gains is on the horizon, says Swiss Re report

Next wave of life expectancy gains is on the horizon, says Swiss Re report

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, Health, International News, Reinsurance

Life expectancy improvements typically come in waves following major medical breakthroughs or large-scale social trends, such as smoking cessation. In the twentieth century, pharmaceutical innovations which lowered blood pressure and cholesterol triggered a steep...
Panama Canal imposes shipping restrictions to cope with worsening drought

Panama Canal imposes shipping restrictions to cope with worsening drought

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The largest vessels will have to reduce their drafts — how low they sit in the water — by carrying less or cutting the weight of their cargoes as of May 24, followed by another decrease that kicks in on May 29. Some major ocean carriers have also announced new fees...

MS Amlin strengthens Natural Resources team with claims expertise

by AIP Online Bureau | May 22, 2023 | International News, Non-Life, Reinsurance

With more than a decade of industry experience, Erman brings substantial claims-handling expertise. Specialising in marine and energy, he has a reputation for handling and resolving large, complex claims LONDON: MS Amlin, the Lloyd’s global (re)insurer, today...
Canopius launches first digital asset custody product on Lloyd’s Asia platform

Canopius launches first digital asset custody product on Lloyd’s Asia platform

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...

ASPEN appoints Tay Boon Chuan as head of Singapore

by AIP Online Bureau | May 22, 2023 | International News, Non-Life, Reinsurance

Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...

by AIP Online Bureau | May 22, 2023 | Workplace/Employee Benefits

ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Regulation

Regulators aim to apply existing rules covering everything from copyright and data privacy to two key issues: the data fed into models and the content they produce, according to six regulators and experts in the United States and Europe As the race to develop more...
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