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Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Life

Ratings for these U.S. insurers and the broader sector could face pressure if U.S. fiscal and governance deterioration contributes to a negative scenario of heightened capital market volatility and/or a more severe economic downturn The ‘AAA’ Insurer...

Data protection bill tabled in Parliament, will compel cos to review their current working ways

by AIP Online Bureau | Aug 3, 2023 | Breaking News!, Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

Enterprises will have to review the current ways of working, especially for personal data of employees, customers, merchants and vendors to honour their right to access, update and erase their personal data Non-adherence of obligation listed in the bill may attract...

India can become a USD 6.7 trillion economy by 2031:S&P

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, Indian News, Policy

The report also said that India will likely see gains from reforms such as Goods and Services Tax. Further, the implementation of the Insolvency and Bankruptcy Code would also help to drive a healthy credit culture It said that even with India recalibrating toward...

Maharashtra: Man loses Rs 2.24 crore to insurance fraud

by AIP Online Bureau | Aug 3, 2023 | Indian News, Life

In his complaint to the police, the resident of Kamothe, near Mumbai, said he lost the money over three years, the official said. The man, whose occupation was recorded as “service” by the police, allegedly received a call before August 2020 from a person...

1 in 5 companies in Vietnam are prepared against major risks: WTW survey

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“What our study has shown is an urgent need to bridge the protection gap in risk impact and its financial implications, and consequentially, to enhance risk preparedness across organisations. This is especially important for a market like Vietnam, one of the most...
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