News Post - Asia Insurance Post

Dec 12, 2018 >>

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News in Brief

Dec 11

RBI slaps Rs 1 cr fine on Indian Bank for violating cyber security norms

RBI slaps Rs 1 cr fine on Indian Bank for violating cyber security norms
The Reserve Bank of India on Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms.

The contravention is with regard to RBI's directions on Frauds- Classification and Reporting by Commercial Banks.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the release added.

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Dec 06

GOQii launches Preventive Cardiac & Diabetes Care products

GOQii has launched Smart Health Services “GOQii VitalECG” & “GOQii VitalGluco” integrated with Preventive Doctor Consultation, focusing on Cardiac and Diabetes care. Given the state of ‘Sickcare’ delivery infrastructure in India, GOQii strongly believes that preventive healthcare is the only viable, long term, mass market solution.

Based on a Stanford Study released in 2017, Indians are among the world's laziest and take just 4,297 steps a day. In order to get Indians active and make health a priority,

Dec 05

AIG Appoints Sachin N Shah as Chief Executive Officer Asia Pacific

American International Group, Inc. announced today the appointment of Sachin N Shah as Chief Executive Officer of Asia Pacific, AIG General Insurance. In this role, Shah will report to Christopher Townsend, Chief Executive Officer of AIG General Insurance International, and will be based in Singapore.

Most recently, Shah served as Chairman, President and CEO of MetLife Japan, a position he held since 2013.

HDFC ERGO’s corporate agency tie -up with Fed Bank

HDFC ERGO General Insurance Company and Federal Bank, have joined hands and entered into a corporate agency partnership to offer comprehensive general insurance products through the network of bank's 1250+ branches spread across the entire country.

Anuj Tyagi, executive director & chief distribution officer, HDFC ERGO General Insurance said, “Our Bancassurance practice over the years have matured to offer comprehensive Insurance solutions to end customers both digitally and physically, which benefits the customers in many ways.''

Dec 04

GIC Re has given Rs 3 crores to Nagaland CM relief fund. Deepak Prasad, GM and Kadam, AGM had met Chief Minister of Nagaland Neiphiu Rio today to hand over cheque.