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New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

by AIP Online Bureau | Feb 9, 2024 | Health, Indian News, Non-Life, Reinsurance

“FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company’s third-quarter...
The Agent Advantage: Fulfilling Financial Goals

The Agent Advantage: Fulfilling Financial Goals

by AIP Online Bureau | Feb 9, 2024 | Articles, Life, Risk Management, Technology

Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance In this digital age, where information is at our fingertips, why should one buy life insurance from agents? As we embark on a new year filled with promises, resolutions, and aspirations, we often have a...
Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

by AIP Online Bureau | Feb 9, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The exporting community has urged the commerce ministry to intervene in freight rates as the shippers are charging huge amounts.High freight rates are impacting the exporting community. We are at dis-advantageous position as compared to countries which are not getting...

Climate change drives world to first 12-month spell over 1.5C

by AIP Online Bureau | Feb 8, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy, Risk Management

Already 2023 was the planet’s hottest year in global records going back to 1850, as human-caused climate change and El Nino, the weather pattern that warms the surface waters in the eastern Pacific Ocean, pushed temperatures higher “We are heading towards...
LIC becomes fifth most valuable firm as stocks soar, GIC Re and New India hit record high

LIC becomes fifth most valuable firm as stocks soar, GIC Re and New India hit record high

by AIP Online Bureau | Feb 8, 2024 | Indian News, Life, Wealth Management/ Philanthropy

The company’s market valuation went up by Rs 38,740.62 crore to Rs 6,99,702.87 crore. With this, the company became the fifth most valued firm by market capitalisation (mcap), beating ICICI Bank Mumbai: Though the sock market slided on Thursday , shares of Life...
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