·Zurich will acquire an additional stake of up to 19% over time. It...
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Companies in India likely to give 9.8 pc salary raise in 2024: Willis Tower Watson report
''Companies across industries are still closely monitoring their...
Threat of haywire AI feeds calls for development pause, AXA Says
Artificial intelligence can provide lots of benefits of society,...
LI Council launches “#Sabse Pehle Life Insurance”, a nationwide insurance awareness campaign
The Rs 100 crore campaign is being launched through a 360-degree approach with use of both conventional and digital mediums, with simple, but very clear messaging through interesting advertisements, which will be adapted in 11 languages for a nationwide appeal. The advertisement showcases how we instinctively adopt protection through safety behaviours in our daily routine and how buying a life insurance cover is a natural extension of such behaviour to safeguard our financial needs
Insurers need profound transformation and the right talent, reveals EY Insurance Outlook 2020
Insurers agree that talent is the “secret sauce” to maximize returns on investments in technology, digital transformation and new business models. But with the industry struggling to attract the right talent, the report finds that insurers need to either reposition themselves as technology firms or proactively communicate on why the industry matters, what value it brings to society and the overall appeal of an insurance career.
California puts one-year halt on insurers dropping customers in wildfire-prone areas
The moratorium, which ends Dec. 5, 2020, is meant to draw insurers and state legislators to the negotiating table to find a solution to the state’s wildfire insurance dilemma.
No menopause policy for women employees in government, private sectors
The minister said the National Health Mission envisages achievement of universal access to equitable, affordable and quality health care services that are responsive to peoples needs.
The strategy is based on provision of comprehensive care through the five pillars or thematic areas of reproductive, maternal, neonatal, child and adolescent health and is guided by central tenets of equity, universal care, entitlement, and accountability, and it has been developed to provide an understanding of ‘continuum of care’ to ensure equal focus on various life stages.
Income tax rate cut among steps govt working on to revive growth: FM
When asked if the government is considering rationalisation of the personal income tax rate for putting more money in the hands of people, the Finance Minister said, “One among many things that we are thinking of.”
Postmen, grameen dak sevaks may soon start selling insurance policies
“These postmen and grameen dak sevaks will be operating largely in un-banked and under-banked geographical areas and can provide the last mile reach to sell insurance products in remote and rural areas,” Irdai said.
Robots in finance could wipe out some of its highest-paying jobs
“Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs — not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the US House Committee on Financial Services.
India’s consumer confidence in Nov sees steepest fall in more than 5 yrs
The central bank’s survey was conducted in 13 big cities and 5,334 households. Consumers were surveyed about perceptions and expectations on the general economic situation, the jobs scenario, the overall price situation apart from income and spending.Worryingly enough, respondents felt that prices have increased in the past year and are likely to rise in the year ahead, implying inflationary pressures are likely to stay sticky in the near term.
Pirates Hijack Fully Loaded Supertanker Off Nigeria, Kidnapping 19 Crew
The waters of the Gulf of Guinea have suffered from sporadic incidents of piracy for a few years, but an attack on a supertanker is a rare event. Nigeria suffered a spate of militancy that crippled its oil industry in 2016, but it rarely strayed into shipping.
U.K. investment firm Centricus forms insurance venture with Ex-Goldman partner
Centricus is targeting for the business to manage about $100 billion of assets under management for the unit and is already scouting for deals in Europe, co-founder Dalinc Ariburnu said in a phone interview Thursday.Centricus is seeking to replicate the model that Apollo Global Management Inc. created with Athene Holding Ltd., Ariburnu said.