by AIP Online Bureau | Feb 23, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Economic losses from the moment magnitude (Mw) Mw7.8 and Mw7.5 earthquakes that struck southern Turkey on February 6 are likely to exceed US$25 billion Observations from early damage reports issued by the Turkish Ministry of Environment, Urbanization, and Climate...
by AIP Online Bureau | Feb 23, 2023 | International News, Non-Life, Reinsurance
“Munich Re absorbed the crises of 2022 well,” Chief Executive Joachim Wenning said It reduced the share of proportional business and, owing to the attractive price level, grew in the area of non-proportional natural catastrophe covers in particular....
by AIP Online Bureau | Feb 23, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
The flagship programme has developed and deployed the Pacific region’s first parametric microinsurance products in Fiji, Tonga and Vanuatu. Suva, Fiji: The UN Capital Development Fund (UNCDF) announced international insurance broker Howden as a new addition to its...
by AIP Online Bureau | Feb 23, 2023 | Data, Eco/Invest/Demography, Health
The report, which tracks maternal deaths nationally, regionally and globally from 2000 to 2020, shows there were an estimated 287 000 maternal deaths worldwide in 2020. This marks only a slight decrease from 309 000 in 2016 when the UN’s Sustainable Development Goals...
by AIP Online Bureau | Feb 23, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life
“With today’s announcement, India joins more than 275 partners, including 42 governments, who are working to collectively advance AIM4C’s mission by supporting investment in climate-smart agriculture and food systems innovation,” the statement added. Washington: India...
by AIP Online Bureau | Feb 23, 2023 | Facts, Health, Technology
The Apple Watch has gradually become more of a health tool. The first model, launched in 2015, included a heart-rate sensor but was more focused on fitness tracking. The device gained the ability to take electrocardiograms, or ECGs, from the wrist in 2018. It also can...
by AIP Online Bureau | Feb 23, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Natural catastrophe events continued to drive large losses and pressure marketconditions for property insurance. Changes to the reinsurance market, including higher costs and retentions, and some coverage restrictions, will drive rate increases for both local...
by AIP Online Bureau | Feb 23, 2023 | International News, Life
Anil Wadhwani, chief executive, Prudential “I am thrilled to join the team at such an exciting time in the development of its Asian and African operations and am looking forward to meeting customers, colleagues, investors and key stakeholders.”Anil...
by AIP Online Bureau | Feb 22, 2023 | International News, Life, Technology
K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want...
by AIP Online Bureau | Feb 22, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts
A lawyer for the group said the case submitted to the Constitutional Court is modeled on a similar lawsuit in Germany that prompted the government there to set new targets for reducing greenhouse gas emissions two years ago. A dozen minors filed a lawsuit with...
