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Indian insurance penetration falls marginally to 4% in FY 2022-23: Irdai report

Indian insurance penetration falls marginally to 4% in FY 2022-23: Irdai report

by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

The country’s insurance penetration has fallen as the insurance penetration of domestic life insurance sector is reduced from 3.2 per cent in 2021-22 to 3 per cent in 2022-23 and the same for non-life Insurance sector remained at 1 per cent in both these years, said...
LIC board clears proposal to setup branch office in GIFT City

LIC board clears proposal to setup branch office in GIFT City

by AIP Online Bureau | Dec 27, 2023 | Indian News, Life

Many insurers have set up operations in the GIFT City. HDFC Life International, India First Life and Tata AIA Life have already ventured into the City while SUD Life, ICICI Pru Life Insurance, Care Health and Star Health Insurance have sought licenses to operate from...
Centre issues advisory to social media intermediaries with focus on curbing deepfakes

Centre issues advisory to social media intermediaries with focus on curbing deepfakes

by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

“A formal advisory has been issued incorporating the ‘agreed to’ procedures to ensure that users on these platforms do not violate the prohibited content in Rule 3(1)(b),” Minister of State for Electronics and IT, Rajeev Chandradekhar said New Delhi: The...
No one wants used EVs, making new ones a tougher sell too

No one wants used EVs, making new ones a tougher sell too

by AIP Online Bureau | Dec 26, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management, Technology

The problems are expected to intensify in 2024, when many of the 1.2 million EVs sold in Europe in 2021 will come off their three-year leasing contracts and enter the second-hand market. How companies tackle this problem will be key for their bottom lines, consumer...

Hapag-Lloyd to decide on Wednesday about Red Sea routes

by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The world’s top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen’s Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany’s Hapag-Lloyd...
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