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SEBI cancels registration of Brickwork Ratings, directs it to wind down operations in six months

by AIP Online Bureau | Oct 7, 2022 | Indian News, Regulation

“Noticee (Brickwork) failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, which has defeated the very purpose of regulations i.e. investor protection and orderly development of the securities markets,” the...

Market turmoil may hinder UK’s plans to reform EU insurance solvency rules

by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance

“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...

IMF warns of higher recession risk and darker global outlook in 2023

by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, International News, Policy

“We are experiencing a fundamental shift in the global economy, from a world of relative predictability … to a world with more fragility – greater uncertainty, higher economic volatility, geopolitical confrontations, and more frequent and devastating...

AI-powered WHO Digital Health Worker ‘Florence 2.0’ launched in Qatar

by AIP Online Bureau | Oct 6, 2022 | Facts, Health, Non-Life, Technology

Florence can share advice on mental health, give tips to destress, provide guidance on how to eat right, be more active, and quit tobacco and e-cigarettes. She can also offer information on COVID-19 vaccines and more. Florence 2.0 is now available in English with...

Wage Revision: FM withholds approvals on “performance linked wages” for PSU Gen insurers, GIPSA to meet unions tom

by AIP Online Bureau | Oct 6, 2022 | Indian News, Non-Life, Workplace/Employee Benefits

“The ministry of finance wants the unions to agree for the performance based wage revision in future before effecting the new revision of 12 per cent hike with five years of arrears for the workforce of the general insurance industry,” said sources in the...
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