Long before a deadly flood hit two hydroelectric dams, scientists warned repeatedly that such projects were dangerous in a fragile region made more so by global warming
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— NYT: Top Stories
Long before a deadly flood hit two hydroelectric dams, scientists warned repeatedly that such projects were dangerous in a fragile region made more so by global warming
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— NYT: Top Stories
OLDWICK, N.J.–(BUSINESS WIRE)–In this episode of AMBestTV, Myles Gould, director, analytics, and Yuan Tian, senior financial analyst, both of AM Best, said that competition, poor pricing discipline and investments challenge the India non-life market. Click on http://www.ambest.com/v.asp?v=india620 to view the entire program.
AM Best has a market segment outlook of negative on India’s non-life market. Gould addressed the key factors that are driving the negative outlook.
“Key factors underpinning the negative outlook include the competitive market conditions in core lines of business along with poor pricing discipline,” said Gould. “Furthermore, there is an unhealthy reliance on unrealized and realized gains from investment holdings, particularly emanating from typically high-risk investment strategies. In addition, a more recent dynamic is that of the global COVID-19 pandemic, which is expected to result in a level of volatility in top-line and bottom-line results of Indian non-life insurance.”
Tian highlighted the reasons for the imbalance in the non-life market operating results.
“The market has been quite a loss-making on the writing side,” said Tian. “So the insurance companies in this market have been relying on investment returns to generate overall positive operating earnings. The companies have been quite aggressive investing in high-risk asset classes such as equity, low-quality fixed income and real estate assets. Those asset classes have been generating quite good returns over the last years. However, during the pandemic, the stock market has fallen by over 20% in the first quarter. This has impacted the capital position and earnings of non-life insurers.”
To access the related market segment report, titled, “Market Segment Outlook: India Non-Life,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=297272.
Recent episodes of AMBestTV include:
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AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2020 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com
NEW YORK, N.Y – Coming to Madison Square Garden Sunday, will be a blissful, powerful, and unique mystical experience offered by world-renowned yogi, mystic and visionary Sadhguru Jaggi Vasudev.
The event at Hulu Theater in the City will start at 2:30 to 8:15 p.m., is called Mystic Eye: Wisdom, Meditation & Bliss with Sadhguru, and is expected to have an audience of about 5,300 in attendance.
“The audience will be initiated into powerful meditation techniques guided by Sadhguru himself,” says Puja Jain, spokesperson.
Sadhguru is named one of India’s 50 Most Influential People, and his work has touched the lives of millions worldwide, says Jain.
He bridges the gap between the modern and the mystical yoga, and opens the door to deeper dimensions of life, she says.
In 1992, Sadhguru established the Isha Foundation, a spiritual, volunteer-run international non-profit organization dedicated to cultivating human potential. This foundation is based at the Isha Yoga Center near Coimbatore, India, and also has a U.S.A. location in McMinnville, Tenn.
Sadhguru is knowledgeable about life, yoga and spirituality. A contemporary mystic with a unique yet astoundingly rational approach to life and the world you know – or think you know, being in his presence creates an extraordinary opportunity to be in a state of freedom, love and limitless joy!
For more information about these experiences and for tickets, visit the following links:
https://www.instagram.com/sadhguru/?hl=en
https://www.facebook.com/IshaUSA/videos/378123926401375/
https://www.meetup.com/IshaYogaNj/events/265241907/
https://isha.sadhguru.org/us/en/sadhguru/mission
https://www.facebook.com/IshaUSA
https://twitter.com/sadhguruJV