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PSU general insurance industry unions stick to 17% wage hike demand

by AIP Online Bureau | Aug 26, 2025 | Indian News, Non-Life, Policy

“In today’s meeting with GIPSA through virtual mode, the Associations were offered an improved loading factor of 14 per cent. While thanking the management for their efforts to come out with enhanced offer but reiterated our demand for parity with LIC in...
IRDAI suspends a junior official for financial misconduct

IRDAI suspends a junior official for financial misconduct

by AIP Online Bureau | Aug 26, 2025 | Indian News, Regulation

IRDA’s order for suspending Sastry signed by Raja K Sinha , member, Distribution, IRDAI  has said he has admitted the financial misconduct but didn’t mention the exact nature of the misconduct Hyderabad: In a first ever case, the IRDA has suspended one of junior...
TCS enables ICICI Lombard’s fully automated multi-region disaster recovery on AWS Cloud

TCS enables ICICI Lombard’s fully automated multi-region disaster recovery on AWS Cloud

by AIP Online Bureau | Aug 26, 2025 | Indian News, Non-Life, Technology

“This intelligent, automation-led DR solution sets a new benchmark for BFSI organizations by enabling seamless, fast and scalable disaster recovery with zero touch”Ujjwal Mathur, president & country head – India Business, TCS MUMBAI: IT major Tata...
Govt raises wage hike offer to 14% from 12% for PSU general insurance industry

Govt raises wage hike offer to 14% from 12% for PSU general insurance industry

by AIP Online Bureau | Aug 25, 2025 | Indian News, Non-Life

The GIPSA has called for a virtual meeting of unions on Tuesday noon Earlier, the unions of of PSU general insurance industry had rejected a 12 per cent wage hike offered by the Department of Financial Services and demanded a 17 per cent hike to be on par with the...

Willis expands into specialty lines, hires talent in Japan

by AIP Online Bureau | Aug 25, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

The Japanese general insurance market is projected to grow from JPY11.7 trillion (US$81.1 billion) in 2024 to JPY12.7 trillion (US$93.9 billion) by 2028, at a compound annual growth rate of 2.2%. TOKYO: Willis, a WTW business, today announced a significant expansion...
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