COLOMBO Lonnie Chisenhall Jersey , June 13 (Xinhua) -- Global insurance giant American International Group (AIG) is closing business in Sri Lanka, the company said in a statement on Friday.

AIG was one of the 19 General insurance providers in the Sri Lankan market and its share (0.3 percent by end 2012) was insignificant.

This move has made industry analysts emphasize that AIG's exit won't have any impact in the market, though others noted post-war Sri Lanka was losing a valuable U.S. brand whose global revenue in 2013 was 69 billion U.S. dollars and has a customer base of 88 million.

"As AIG continues to streamline and simplify as an organization, we have been closely examining those business segments within those countries in which products and services are not meeting the needs of our customers or are not a current focus of AIG and may no longer fit into our strategic growth plans. After careful consideration and an in-depth review, we have decided to withdraw from the Sri Lanka market," the company said in a short statement released to media.

Sri Lanka's regulator Insurance Board of Sri Lanka (IBSL) has asked AIG to present written exit plans explaining its action regarding employees and policy holders.

Insurance penetration and density in Sri Lanka is relatively low in comparison to other Asian countries.

According to Central Bank data, insurance penetration, namely total premium as a percentage of Gross Domestic Product, was 1.14 percent in 2013.

AIG went to the brink of collapse in 2008 during the height of the financial crisis and required a bailout of 182 billion U.S. dollars.

Wall Street reported that in terms of employees and total assets, AIG is roughly half the size it was before the crisis, thanks largely to divestitures of two international Life insurance units and sales of numerous other businesses.

The company, with a market capitalization of almost 80 billion U.S. dollars, returned to profitability and in 2012 finished repaying taxpayers the aid it required in the bailout.

Employing over 64,000 people in more than 90 countries, AIG serves 98 percent of the Fortune 500 companies.

NAIROBI, June 25 (Xinhua) -- China leads the globe in the trade of renewable energy products, a survey from the UN Environmental Programme (UNEP) on Wednesday revealed.

The survey indicates that China leveraged on decreased manufacturing costs and increased investment to boost the trade.

"While there was a decline in growth in Europe in 2013, there was strong growth in China and several other developing country markets," UNEP Executive Director Achim Steiner told the United Nations Environmental Assembly.

Steiner said developing countries collectively accounted for above 30 percent new solar photovoltaic capacity installed globally last year.

"A significant contributor to South-South environmental goods and services trade is exchange of renewable energy technologies, which now represents one of the fastest-growing markets in the world," he added.

Steiner, who is also the UN Under-Secretary-General, said the global environmental product market is expected to grow to approximately 1.9 trillion U.S. dollars by the year 2020.

United Nations Conference on Trade and Development (UNCTAD) Secretary General Mukhisa Kituyi said China is one of the countries to demonstrate a positive shift towards a green economy.

"It has shown commitment to maintaining high environmental standards," he said. Kituyi urged China to promote environmental consciousness throughout the world.

Engineers are manufactures and they need to develop the world with enormous knowledge in many emerging technologies. Engineering means cleverness and engineers is competent their knowledge into the scientific method and outline to do an analysis and found solution to an engineering problems. Engineers plays a different role in industries such as a process associate, developer, software and hardware testing, network analyzer etc…, During the engineering itself they can learn about the management process to carry out the business in more precious manner.
Now a days there is enormous no of an colleges will offer the engineering studies due to that, there is lakhs of students will enter into the society as engineers but in that there is minimum no of students only got placed in top level companies. In that no of students will have a standing arrear to complete their undergraduate degree in the field of engineering.
Reasons to join tuition for engineering studies: There is numerous no of students having their standing arrear on their departmental papers and mathematical papers like engineering mathematics – 1, 2 , 3.This arrears are occurred due to weary about an engineering studies. Here they need a one of special care to take over their knowledge into the real-time activities based on their engineering studies. Many of students have joined an engineering as per the completion of surrounding people in matter of status in society.
In BrainCode academy is a <"">engineering tuition centres in chennai, we offer the tuition to the engineering students in various field and different university as per the syllabus to face their examination. We make a view of subjects as simple to understand by students in different statics manner with special privilege to the students. We made a students to involve and learn in their studies and the trainers should be more friendly to attempt their studies into successful manner. Here we provide a home tuition to the engineering students incase of any needs to handle the students by their own care.
We able analysed the student study nature in different field of engineers and diploma students by specific and major subjects with better score on their university examination. Our vision to ignite the passion o. Enrique Esqueda Mexico Jersey   Cheap Jets Jerseys   Cheap Saints Jerseys   Cheap Giants Jerseys   Cheap Philadelphia Eagles Jerseys   Wholesale Dolphins Jerseys   Wholesale Chargers Jerseys   Wholesale Tampa Bay Buccaneers Jerseys   Wholesale San Francisco 49ers Jerseys   Wholesale USA Soccer Jerseys