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Govt mulls doubling number of AB-PMJAY beneficiaries insurance amount

by AIP Online Bureau | Jul 7, 2024 | Eco/Invest/Demography, Health, Indian News, Policy

“Discussions are happening to double the beneficiary base under the AB-PMJAY over the next three years, which, if implemented, will cover more than two-third population of the country with health cover, the sources said while noting that medical expenditure is...
FM Sitharaman to present Union Budget on July 23

FM Sitharaman to present Union Budget on July 23

by AIP Online Bureau | Jul 6, 2024 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Union Finance Minister Analysts expect many positive moves in the forthcoming Budget for the Indian insurance industry. The moves can include raising FDI in the insurance industry from 74 per cent to 100 per cent and bringing in the pending...
Banks to publish crypto asset exposure from 2026, global regulators say

Banks to publish crypto asset exposure from 2026, global regulators say

by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology

“These disclosures aim to enhance information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from...

Zimbabwe receives $31.8 mln drought insurance from African Risk Capacity

by AIP Online Bureau | Jul 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The money from African Risk Capacity is expected to benefit 509,000 households. The government directly received a payment of $16.8 million Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the...
Insurers fret over militant attacks, AI hacks at Paris Olympics

Insurers fret over militant attacks, AI hacks at Paris Olympics

by AIP Online Bureau | Jul 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

German insurer Allianz is insurance partner for the Games. Other insurers, such as the Lloyd’s of London market, are also providing cover. “We are all aware of the geopolitical situation the world is in,” said Eike Buergel, head of Allianz’s Olympic and...
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