by AIP Online Bureau | Jun 11, 2024 | International News, Non-Life, Reinsurance, Risk Management
“Passengers medically assessed as having sustained serious injuries, requiring long-term medical care, and requesting financial assistance are offered an advance payment of $25,000 to address their immediate needs,” that will form part of any final settlement, the...
by AIP Online Bureau | Jun 11, 2024 | Eco/Invest/Demography, Indian News, Policy
“India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate. After a high growth rate in FY2023/24, steady growth of 6.7 per cent per year, on average, is projected for the three fiscal...
by AIP Online Bureau | Jun 11, 2024 | Data, Eco/Invest/Demography, Policy
In absolute terms, the monthly per capita consumption expenditure in the country’s rural areas shot up to Rs 2,008 in 2022-23 from Rs 1,430 in 2011-12 Urban India also recorded a robust gain of 33 per cent with per capita household consumption expenditure rising to Rs...
by AIP Online Bureau | Jun 11, 2024 | Data, Eco/Invest/Demography, Non-Life
Moreover, the two-wheeler segment saw a notable 10% rise in sales, reaching 16,20,084 units in May, compared to 14,71,550 units in the same period last year New Delhi: India’s passenger vehicle wholesales experienced a 4% year-on-year growth in May 2023,...
by AIP Online Bureau | Jun 11, 2024 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management, Technology
The system should be developed in such a manner that whenever a claim is reported by the customer and registered by the insurer, the assignment of surveyor should happen automatically on a random basis by the new digital platform. The system will also seamlessly...
