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UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India

UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India

by AIP Online Bureau | Mar 20, 2025 | Health, Indian News, Non-Life, Policy

Anil Wadhwani, Chief Executive Officer, Prudential plc The health insurance JV will be led by Amar Joshi (CEO designate), subject to regulatory approval “ Transforming access to healthcare and increasing insurance penetration are strategic priorities for...
Fed in no hurry to cut rates amid high uncertainty about Trump tariffs

Fed in no hurry to cut rates amid high uncertainty about Trump tariffs

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, International News

Jerome Powell, head of the US Federal Reserve “Uncertainty around the outlook has increased,” the Fed said in a new policy statement that accounts for the first weeks of the new Trump administration and the initial rollout of what White House officials say...
LIC dispels Rahul Gandhi’s concern over new IRDAI rules making  insurance unaffordable for poor and affecting agents

LIC dispels Rahul Gandhi’s concern over new IRDAI rules making insurance unaffordable for poor and affecting agents

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Life, Regulation

“ We want to clarify that LIC has introduced products that align with the New Product Regulations set by IRDAI, effective from October 1, 2024, keeping policyholders’ interests at the forefront .” said Siddhartha Mohanty, CEO & MD, LIC Kumud Das New Delhi/Mumbai;...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel

Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Technology

Bhartruhari Mahtab,chairman, Standing Committee on Finance The Committee would like to emphasise the need for some safeguard measures to be in place to counter concerns like profit repatriation i.e. foreign investors sending earnings back to home countries rather than...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships

Red Sea insurance rates to stay firm as US airstrikes raise fears for ships

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

War risk premiums briefly eased to around 0.5% of the value of a ship after the January announcement from over 0.7% in December, before moving higher in February to 0.7% for some voyage rates. For some U.S. and UK linked ships, rates were quoted up to 2% in recent...
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