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Swiss Re proposes new members to join its Board of Directors

Swiss Re proposes new members to join its Board of Directors

by AIP Online Bureau | Dec 9, 2022 | International News, Reinsurance

Swiss Re’s Chairman of the Board of Directors Sergio P. Ermotti said: “We are delighted to attract two outstanding professionals for election to our Board of Directors. Vanessa Lau and Pia Tischhauser bring strong expertise in financial services and proven...

JPC members oppose proposal to reduce penalty amount in data protection bill

by AIP Online Bureau | Dec 8, 2022 | Eco/Invest/Demography, Regulation, Technology

According to the bill, processing or transferring personal data in violation of the norms, is punishable with a fine of Rs 15 crore or 4 per cent of the annual turnover of the fiduciary, whichever is higher New Delhi: Several members of a parliamentary panel examining...
Govt makes 5 of IRDAI’s board decisions into regulations in less than  a fortnight

Govt makes 5 of IRDAI’s board decisions into regulations in less than a fortnight

by AIP Online Bureau | Dec 8, 2022 | Indian News, Intermediaries, Non-Life, Regulation

Industry observers said with the speed government has notified some of the IRDAI’s decisions shows its priority on the issue of penetration in the insurance sector. It is expected that the government may deal with the proposed amendments in the two Insurance...
Security arrangements in place to secure India’s nuclear power plant systems from cyber-attack

Security arrangements in place to secure India’s nuclear power plant systems from cyber-attack

by AIP Online Bureau | Dec 8, 2022 | Indian News, International News, Technology

Several measures have been taken to strengthen Information Security in administrative networks in nuclear power plants like, hardening of internet and administrative intranet connectivity, restriction on removable media, blocking of websites & IPs. New Delhi;...
Munich Re and Swiss Re back Bajaj Allianz General to launch first-ever surety bond for NHAI projects on Dec 19

Munich Re and Swiss Re back Bajaj Allianz General to launch first-ever surety bond for NHAI projects on Dec 19

by AIP Online Bureau | Dec 8, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“The surety bonds will help in boosting the liquidity in the infrastructure sector by freeing the contractors working capital stuck in bank guarantees. Contractors can utilise these funds for growth of their business,” said Nitin Gadkari, union minister,...
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