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Global property insurers see ‘alarming’ losses as risk models lag, report says

by AIP Online Bureau | Apr 17, 2024 | International News, Non-Life, Risk Management, Technology

“Accurate risk prediction and pricing are becoming increasingly challenging and leading to insurability concerns,” Anirban Bose, Capgemini financial services strategic business unit CEO, said in the report LONDON: Global property and casualty insurers...
ICICI Lombard General net profit rises 19% to Rs 520 crore in Q4 FY 24

ICICI Lombard General net profit rises 19% to Rs 520 crore in Q4 FY 24

by AIP Online Bureau | Apr 17, 2024 | Indian News, Non-Life

The company’s combined ratio has improved to 102.2 per cent  in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...

Small-cap mutual funds’ assets soar 83 pc to Rs 2.43 lakh crore in FY24 on retail investor boom

by AIP Online Bureau | Apr 17, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.9 crore in March 2024 from 1.09 crore a year ago, adding an investor base of 81 lakh. This shows investors’ inclination for small-cap funds New...
SC defers to July 30 hearing on if change in law needed in regimes on grant of driving licences

SC defers to July 30 hearing on if change in law needed in regimes on grant of driving licences

by AIP Online Bureau | Apr 17, 2024 | Indian News, Policy

A five-judge constitution bench headed by Chief Justice D Y Chandrachud adjourned the matter after Attorney General R Venkataramani submitted a note indicating that the consultations carried out by the Ministry of Road Transport and Highways have culminated in...
UNFPA report reveals 24% of India’s population is under 14 years old, totaling 144 crore

UNFPA report reveals 24% of India’s population is under 14 years old, totaling 144 crore

by AIP Online Bureau | Apr 17, 2024 | Eco/Invest/Demography, Health, Indian News

The segment aged 10-24 is estimated to constitute 26 per cent, with the 15-64 age group making up 68 per cent. Additionally, 7 per cent of India’s population is aged 65 years and above, with men having a life expectancy of 71 years and women 74 years New Delhi:...
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