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Britain to create new regime to deal with insurance failures

by AIP Online Bureau | Aug 8, 2023 | International News, Policy, Regulation

In Britain, insurance company collapses currently come under modified UK company insolvency arrangements, which the finance ministry said may be less effective for an industry with 2.7 trillion pounds ($3.45 trillion) in assets London: Britain said on Wednesday it...

Domestic investors holding declined in June quarter

by AIP Online Bureau | Aug 8, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

According to Pranav Haldea, Managing Director, Prime Database Group, this was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs. Net inflows from DIIs stood at just Rs 3,368 crore during the quarter...

Fire safety audit ordered four days before AIIMS-Delhi blaze

by AIP Online Bureau | Aug 7, 2023 | Indian News, Policy, Risk Management

The order by the Department of Security at AIIMS said the Union Health Ministry’s National Guidelines for Fire Safety in Healthcare facilities mandates hospitals to undertake comprehensive fire safety audits involving a third party. New Delhi: Days before a fire...

WHO flags contaminated India-made syrup in Iraq

by AIP Online Bureau | Aug 7, 2023 | Breaking News!, Health, Indian News, Risk Management

The United Nations agency in its medical products alert said the batch of the syrup, branded Cold Out, had higher than acceptable limit of contaminants diethylene glycol and ethylene glycol The World Health Organization on Monday flagged a batch of contaminated common...

Pramerica Life spearheads insurance awareness initiatives in Haryana and Nagaland

by AIP Online Bureau | Aug 7, 2023 | Briefs, Life

Pramerica Life Insurance has undertaken significant awareness initiatives in Haryana and Nagaland to educate the residents of these states on the importance of life insurance as part of the Insurance Regulatory and Development Authority of India (IRDAI)’s...
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