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Omicron variant may double risk of getting infected on planes, says IATA

by AIP Online Bureau | Dec 23, 2021 | Health, International News, Non-Life, Pandemic, Risk Management

As before, passengers should avoid face-to-face contact and surfaces that are frequently touched, and people sitting near to each other should try not to be unmasked at the same time during meals,said David Powell, physician and medical adviser to the International...
Marsh raises stake in its India JV to 92% from 49%

Marsh raises stake in its India JV to 92% from 49%

by AIP Online Bureau | Dec 23, 2021 | Indian News, Intermediaries, Non-Life, Reinsurance

Though the financial details have not ben disclosed Marsh has informed that as part of the transaction, which has been approved by the IRDAI, it has acquired the share from local partners, including the entire shareholding of the Rampart Trust Earlier, other global...
India’s insurance penetration expands by 12% to 4.20% 2020-21,non-life penetration hits 1%

India’s insurance penetration expands by 12% to 4.20% 2020-21,non-life penetration hits 1%

by AIP Online Bureau | Dec 22, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life

Atul Sahai, CMD, New India Assurance and chairman of General Insurance Council Non-life insurance penetration touching 1 per cent is a very important milestone for the Indian non-life insurance industry. Despite being an extremely challenging year the non-life...

Incurred claims of standalone health insurers grow at slower pace in Covid-hit FY21

by AIP Online Bureau | Dec 22, 2021 | Health, Indian News

As per the Annual Report 2020-21, the net incurred claims of the general insurers stood at Rs 1.12 lakh crore in 2020-21 as against Rs 1.08 lakh crore in 2019-20. The incurred claims exhibited an increase of 2.92 per cent during 2020-21 New Delhi: Net incurred claims...

Odisha CM launches livelihood assistance to beneficiaries of Biju Swasthya Kalyan Yojana

by AIP Online Bureau | Dec 22, 2021 | Health, Indian News

Chief Minister said, “the welfare programs for the poor is the most important program of the state government. The first and second waves of COVID-19 created a challenge for us. This has had a profound effect on people’s economic and social lives. The poor...
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