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IRDAI wants commission costs to be displayed on policy papers, to streamline Expense of Management structure for insurers

IRDAI wants commission costs to be displayed on policy papers, to streamline Expense of Management structure for insurers

by AIP Online Bureau | Jun 7, 2022 | Health, Indian News, Life, Non-Life, Regulation

Rakesh Joshi, member (Finance and Investment), IRDAI Rakesh Joshi, member (Finance and Investment),IRDAI, had met chief financial officers (CFOs) of insurance companies and outlined IRDA’s agenda of laying out a clear cut road map on expenses of management so...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

by AIP Online Bureau | Jun 6, 2022 | Indian News, Life, Wealth Management/ Philanthropy

LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...
Ukraine war and cyber resilience combine to temper global ransomware activity: Howden report

Ukraine war and cyber resilience combine to temper global ransomware activity: Howden report

by AIP Online Bureau | Jun 6, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Technology

Shay Simkin, Global Head of Cyber, Howden, commented: “Market conditions remain difficult, but two potential tailwinds may help companies and insurance carriers as this year progresses. The first is off the back of more favourable ransomware trends following...

Gallagher Re continues to strengthen APAC region with senior hires

by AIP Online Bureau | Jun 6, 2022 | International News, Non-Life, Reinsurance

Mark Morley, Managing Director of Asia Pacific at Gallagher Re, said, “ These latest senior appointments build out our strategic analytical, actuarial and client engagement capabilities across the wider Asia Pacific region, which continues to be a significant growth...
Australian court asks Google to pay politician over defamatory YouTube videos

Australian court asks Google to pay politician over defamatory YouTube videos

by AIP Online Bureau | Jun 6, 2022 | International News, Technology

By continuing to publish the content, Google breached its own policies of protecting public figures from being unfairly targeted and “drove lawmaker John Barilaro prematurely from his chosen service in public life and traumatised him significantly,” judge,...
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