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LIC’s $30 billion market rally gives IPO investors chance at redemption

LIC’s $30 billion market rally gives IPO investors chance at redemption

by AIP Online Bureau | Jan 30, 2024 | Indian News, Life, Wealth Management/ Philanthropy

Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
Bajaj Finserv acquires Vidal Health Insurance TPA

Bajaj Finserv acquires Vidal Health Insurance TPA

by AIP Online Bureau | Jan 30, 2024 | Breaking News!, Health, Indian News, Non-Life, Technology

Vidal Health Insurance TPA Pvt Ltd (VHITPA), services premium of over Rs 5,000 crore, covering 130 million lives. The acquisition now enables Bajaj Finserv Health, a subsidiary of Bajaj Finserv of to offer OPD, wellness, as well as hospitalization benefits to...
Shriram General Insurance net up 51% to Rs117 crore in Q3

Shriram General Insurance net up 51% to Rs117 crore in Q3

by AIP Online Bureau | Jan 30, 2024 | Indian News, Non-Life

Anil Aggarwal, MD & CEO, Shriram General Insurance Company said, “This year, we had a focus shift towards increasing the gross written premium. The company is entering into newer areas like EV (electric vehicles) insurance and developing combo insurance plans. It...
HDI Global adopts generative AI with proprietary GPT system

HDI Global adopts generative AI with proprietary GPT system

by AIP Online Bureau | Jan 30, 2024 | International News, Non-Life, Reinsurance, Technology

“With HDI-GPT we are for the first time looking to generative AI for the transformation of core insurance processes and for workflow optimisation,” Dr Thomas Kuhnt, Chief Operating Officer at HDI Global SE Hannover: Creating added value through artificial...
Toyota holds lead as world’s No. 1 carmaker for 4th yr

Toyota holds lead as world’s No. 1 carmaker for 4th yr

by AIP Online Bureau | Jan 30, 2024 | Data, Technology

While 2023’s full-year figures cement Toyota’s dominance, it was China’s BYD Co. that arguably generated the most buzz last year when it surpassed Elon Musk’s Tesla Inc. as the world’s top maker of electric cars. Shenzhen-based BYD, which only sells EVs and plug-in...
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