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AXIS Re to exit property reinsurance business, Ann Haugh will replace Arora as new CEO

by AIP Online Bureau | Jun 8, 2022 | International News, Non-Life, Reinsurance

“The decision to close our Property Reinsurance business was not taken lightly and was driven by the significant and increasing effects of climate change and the challenges faced by the catastrophe reinsurance market. We are committed to doing all we can to help...

Hong Kong tops the list of World’s 20 most expensive cities for expats

by AIP Online Bureau | Jun 8, 2022 | Eco/Invest/Demography, Facts

Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International, which carried out its research in March this year. London and Tokyo round out the top five Hong Kong is the world’s most expensive city...
RBI raises key lending rate by 50 basis points to check raging inflation

RBI raises key lending rate by 50 basis points to check raging inflation

by AIP Online Bureau | Jun 8, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy

Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...

PB Fintech co-founder sells firm’s shares worth Rs 230 cr

by AIP Online Bureau | Jun 8, 2022 | Indian News, Intermediaries

According to bulk deal data available with the National Stock Exchange (NSE), Dahiya sold a total of 37,69,471 shares of PB Fintech The shares were sold at an average price of Rs 610.24 apiece, taking the transaction size to Rs 230 crore New Delhi: PB Fintech...
Upgrading Indian Insurance Regulatory Framework

Upgrading Indian Insurance Regulatory Framework

by AIP Online Bureau | Jun 7, 2022 | Articles, Life, Regulation

After 20 years of liberalisation, stage is set for larger reforms to leapfrog the Indian industry to the next level   By C.L. Baradhwaj The Indian Insurance industry has crossed 20 years after privatisation. As per IRDAI’s Annual Report, insurance penetration for the...
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