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India could soon experience heat waves that break human survivability limit: World Bank report

India could soon experience heat waves that break human survivability limit: World Bank report

by AIP Online Bureau | Dec 7, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

”Up to 75 percent of India’s workforce, or 380 million people, depend on heat-exposed labor, at times working in potentially life-threatening temperatures. …By 2030, India may account for 34 million of the projected 80 million global job losses from heat...
World Bank seeks to unclog Cat Bond jam in emerging markets

World Bank seeks to unclog Cat Bond jam in emerging markets

by AIP Online Bureau | Dec 7, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance

“Most of our transactions today have been either earthquake or hurricane,” said Bennett, referring to insured risks. “I think that will continue to be the largest, but certainly people are thinking about things like drought and flooding” Michael Bennett, head of...

Number of heart-related deaths rose more than sixfold during the COVID-19 pandemic: Africa’s biggest insurer

by AIP Online Bureau | Dec 7, 2022 | Eco/Invest/Demography, Health, Pandemic

“Analysis of our annual claims data reveals a visible and concerning increase in the incidence of deaths associated with cardiovascular disease among our client base,” said Guy Chennells, head of product at Discovery Employee Benefits, in a separate statement. There...

U’Khan HC imposes Rs 50,000 fine on Facebook for not replying to notice

by AIP Online Bureau | Dec 7, 2022 | Eco/Invest/Demography, Indian News

The court was hearing a PIL alleging that fake IDs were being created on Facebook and friend requests sent through them Nainital (U’khand): The Uttarakhand High Court on Wednesday imposed a fine of Rs 50,000 on Facebook for not replying to its notice in connection...

Common workplace fumes, dusts may heighten rheumatoid arthritis risk

by AIP Online Bureau | Dec 7, 2022 | Facts, Health, Workplace/Employee Benefits

It is well known that smoking increases a person’s risk of developing rheumatoid arthritis, but it is unknown what effect inhaling dust and fumes from the workplace may have According to research published online in the Annals of the Rheumatic Diseases,...
RBI raises key rate, says inflation battle not over, lowers economic growth projection to 6.8 pc

RBI raises key rate, says inflation battle not over, lowers economic growth projection to 6.8 pc

by AIP Online Bureau | Dec 7, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

“The MPC was of the view that further calibrated monetary policy action was warranted to keep inflation expectations anchored, break core inflation persistence and contain second round effects,” said Shaktikanta Das,governor, RBI The MPC lowered its GDP growth...
Hackers attack ICMR website around 6000 times in a day: Official

Hackers attack ICMR website around 6000 times in a day: Official

by AIP Online Bureau | Dec 7, 2022 | Indian News, Risk Management, Technology

A proposal for developing an ICMR Data Centre (Delhi and Chennai) and a Disaster-Recovery site (Bangalore) is being developed on a turnkey basis. New Delhi: Hackers allegedly tried to breach the website of the apex health research body ICMR but their attempts were...
More than 1 in 5 worldwide suffering from violence at work: ILO

More than 1 in 5 worldwide suffering from violence at work: ILO

by AIP Online Bureau | Dec 6, 2022 | Eco/Invest/Demography, International News, Non-Life, Workplace/Employee Benefits

The most common reasons given for non-disclosure were that it was seen as a “waste of time”, leaving people who have been abused, fearing for their reputation. Women were more likely to share their experiences than men (60.7 per cent compared to 50.1 per...
Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’

Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’

by AIP Online Bureau | Dec 6, 2022 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy

It’s been a brutal year for investors. Bitcoin’s price has dropped 63%, while the overall cryptocurrency market capitalization has lost $1.63 trillion in value. The collapse of Sam Bankman-Fried’s FTX exchange hammered a long nail into the market....
Oil tankers blocked near Turkey by proof-of-insurance rule

Oil tankers blocked near Turkey by proof-of-insurance rule

by AIP Online Bureau | Dec 6, 2022 | International News, Non-Life, Reinsurance

The measure, which came into force on Friday, compels ships carrying crude oil to have a letter from their insurer guaranteeing cover while in Turkey’s waters. Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof...
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