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US, UK, others seek to target illicit oil shipping transfers at sea

by AIP Online Bureau | May 18, 2023 | International News, Non-Life, Risk Management

Hundreds of “ghost” tankers, which are not fully regulated, have joined this opaque parallel trade over the past few years, carrying oil from countries hit by Western sanctions and restrictions, including Russia and Iran The number of incidents last year, including...

Ukraine Black Sea grain deal extended for two months

by AIP Online Bureau | May 18, 2023 | International News, Non-Life, Reinsurance

Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea export deal. They authorize and inspect ships. No new vessels have been authorized by the JCC since May 4 The Ukraine Black Sea...
Kerala Health Minister estimates loss of around Rs 8 crore in Kollam drug warehouse fire

Kerala Health Minister estimates loss of around Rs 8 crore in Kollam drug warehouse fire

by AIP Online Bureau | May 18, 2023 | Indian News, Non-Life

”The total loss due to the fire is estimated at Rs 8 crore. But the corporation need not suffer this much loss as the medicines are insured,” Kerala Health Minister Veena George said Thiruvananthapuram: Kerala Health Minister Veena George on Thursday said...
Panda meets insurers, sets Aug 1 deadline for Health Exchange and Bima Sugam

Panda meets insurers, sets Aug 1 deadline for Health Exchange and Bima Sugam

by AIP Online Bureau | May 18, 2023 | Health, Indian News, Life, Non-Life, Reinsurance

Debasish Panda, chairman, IRDAI Raising the overall budget for Bima Sugam to Rs 200 crore from around Rs 85 crore,  Irdai now plans to go for requests for proposals (RFPs) soon to appoint a service provider for the platform. The service providers will be the...

ICICI Lombard partners with actyv.ai for SME solutions

by AIP Online Bureau | May 18, 2023 | Indian News, Non-Life, Reinsurance, Technology

ICICI Lombard will collaborate with actyv.ai to design comprehensive insurance offerings for the entire supply chain ecosystem, encompassing distributors, retailers, and suppliers Mumbai: ICICI Lombard General Insurance, India’s second largest general insurance...

by AIP Online Bureau | May 18, 2023 | Workplace/Employee Benefits

Too much ultra-processed food linked with depression risk: Study

by AIP Online Bureau | May 18, 2023 | Facts, Health

Even after accounting for factors like smoking and lower education, income and physical activity, which are linked to poor health outcomes, the findings show greater consumption of ultra-processed food is associated with a higher risk of depression. Lane said that...
Climate Risks: Booming demand for ACs to aggravate soaring temperatures

Climate Risks: Booming demand for ACs to aggravate soaring temperatures

by AIP Online Bureau | May 17, 2023 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Technology

Demand for air conditioners is surging in markets where both incomes and temperatures are rising, populous places like India, China, Indonesia and the Philippines and expanding AC coverage too quickly also threatens to worsen the crisis it’s responding to. Most units...

Post-pandemic world economy still feeling COVID-19’s sting

by AIP Online Bureau | May 17, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Policy, Reinsurance, Risk Management

Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition to the ever-worsening impact of climate change, the report found UN: Prospects for a robust global economic recovery remain dim...

India’s April heatwave were 30 times more likely due to climate change: Study

by AIP Online Bureau | May 17, 2023 | Eco/Invest/Demography, Facts, Health, Non-Life

This extreme heat resulted in widespread hospitalisations, infrastructure damage, wildfires, and school closures. The exact number of fatalities is currently unknown New Delhi: Human-caused climate change made April’s record-breaking heatwave in Bangladesh, India,...
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