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Firm issued fake insurance for Russian oil tankers, Norway’s regulator says

Firm issued fake insurance for Russian oil tankers, Norway’s regulator says

by AIP Online Bureau | Apr 3, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management

Such vessels are not regulated or covered by conventional Western insurers, posing the risk of unsafe tankers and environmental damage in the event of a wreck. The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was...
New India celebrates `Bima Jagruti Mahotsava’ in Gujarat

New India celebrates `Bima Jagruti Mahotsava’ in Gujarat

by AIP Online Bureau | Apr 2, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pension & Social Security, Policy

Furthering its commitment to financial inclusion, NIA has opened a dedicated State Insurance Plan office in Gujarat, manned by a senior executive of the company. This initiative aligns with IRDAI’s “Insurance for All by 2047” vision, with Gujarat being the designated...

by AIP Online Bureau | Apr 2, 2025 | Workplace/Employee Benefits

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Govt forms high powered panel to revamp pricing and reinsurance mechanisms for PMFBY

Govt forms high powered panel to revamp pricing and reinsurance mechanisms for PMFBY

by AIP Online Bureau | Apr 2, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance, Risk Management

The committee will be chaired by additional secretary (Crop Insurance), Department of Agriculture & Farmers Welfare (DA&FW) and some of the other members are Devesh Srivastava, former CMD, GIC Re, Girija Subramanian, CMD, New India Assurance, Saurabh Mishra,...
S Ramann appointed as chairman of PFRDA for 5 yrs

S Ramann appointed as chairman of PFRDA for 5 yrs

by AIP Online Bureau | Apr 2, 2025 | Indian News, Pension & Social Security, Policy

Sivasubramanian Ramann, chairman-designate, PFRDA Ramann belongs to 1991 batch of Indian Audit & Accounts Service (IA & AS) and was also Chairman & Managing Director, Small Industries Development Bank of India (SIDBI) earlier. New Delhi: The government on...
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