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Insurance for All by 2047: Working groups among stakeholders formed to strengthen and implement strategies, says IRDA

Insurance for All by 2047: Working groups among stakeholders formed to strengthen and implement strategies, says IRDA

by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance

Participants in “Insurance for All” Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, explored the necessity of diversifying insurance products and providers to better reflect the diverse demographics of...
78 % of consumers choose digital banking over cash transactions: Report

78 % of consumers choose digital banking over cash transactions: Report

by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Technology

Jamie Dimon, CEO, JPMorgan Chase Banks are also feeling the heat from fintech companies like PayPal, Stripe, and Venmo. Jamie Dimon, CEO of JPMorgan Chase, has called these fintechs “enormous competitive threats” to traditional banking New Delhi: 78...

Unified Pension Scheme provides benefit of both old and new pension schemes: Govt

by AIP Online Bureau | Aug 25, 2024 | Indian News, Pension & Social Security, Policy, Wealth Management/ Philanthropy, Workplace/Employee Benefits

Government says the Unified pension scheme has the advantages of the previous old pension scheme and features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive...
Southeast Asia’s InsurTech sector: Needs profitability, customer-centricity and innovation

Southeast Asia’s InsurTech sector: Needs profitability, customer-centricity and innovation

by AIP Online Bureau | Aug 25, 2024 | Articles, Eco/Invest/Demography, Non-Life, Technology, Workplace/Employee Benefits

“To optimize their capabilities and sharpen their customer value proposition, InsurTech firms are exploring innovations across three areas, namely in technology, such as using AI for dynamic pricing and claims management; in product so as to serve emerging, new...

‘Heal in Rajasthan’ policy to boost medical tourism in desert state

by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Additional Chief Secretary of the Health Department Shubhra Singh said that due to continuous improvement in health services and availability of treatment at reasonable rates, the possibilities of medical tourism in the state have developed rapidly. Through policy...
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