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83 pc Indians would delegate as much work as possible to AI: Microsoft report

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, Facts, Technology

‘The next generation of AI will unlock a new wave of productivity growth, removing the drudgery from our jobs and freeing us to rediscover the joy of creation. The opportunity and responsibility for every organisation and leader is to get AI right —...

Canadian pension fund CDPQ puts brakes on China investment – FT

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, International News, Pension & Social Security, Wealth Management/ Philanthropy

The Financial Times in February reported that Singapore’s sovereign wealth fund GIC has reduced private investments in China Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and...

Aditya Birla Group to invest Rs 1,250 crore into its financial services arm

by AIP Online Bureau | Jun 1, 2023 | Indian News, Life

The board of Aditya Birla Capital Ltd (ABCL), which is into lending, asset management and insurance, on Thursday approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, according to a statement on Thursday Mumbai: Aditya Birla...

 June 1 Renewals: Property-catastrophe pricing up 33%, says Howden Tiger

by AIP Online Bureau | Jun 1, 2023 | Intermediaries, International News, Reinsurance

P&C reinsurance prices up an average 33% at 1 June (highest since early 90s), driven by financial market volatility, inflation, geopolitical tensions, recent weather losses and the Turkey earthquakeReinsurers are in a period of “heightened risk aversion” and stand...
IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion

IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Regulation

There can be Corporate Bima Vahak, who are legal person registered in accordance with the respective laws of India and can be engaged by an insurer and Individual Bima Vahak, who can be individuals either appointed by an insurer or appointed by a Corporate Bima Vahak...
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