From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque...
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India’s rural-urban income gap declines sharply amid fall in poverty level: SBI Report
The states once considered laggards are showing the maximum...
Singapore faces shrinking population, total fertility rate falls below 1 per cent for first time, says Minister
Singapore is confronted with the "twin demographic challenges of a...
EU says it’s ready for ‘Undesirable’ No-Deal Brexit, but some insurers are unprepared
The EU considers the Brexit deal, negotiated over 18 months, to be complete and not open to renegotiation. Departing Prime Minister Theresa May tried and failed three times to convince Parliament to approve it. The EU no-deal preparations are mainly unilateral measures. The bloc refuses to enter into “mini-deals” with the U.K. to help make no-deal Brexit easier.
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions
Blockchain suits “the long-term nature of annuities business as it allows data and transactions to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts, which can span over 50 years,” Thomas Olunloyo, CEO of Legal & General Reinsurance said.
Life expectancy in India down by 2.6 years due to air pollution: Study
“The deadly tally broken up by diseases shows that chronic obstructive pulmonary disease (COPD) due to air pollution at 49% is responsible for close to half of deaths, followed by lung cancer deaths at 33 per cent, diabetes and ischaemic heart disease at 22 per cent each and stroke at 15 per cent. It is disturbing how COPD, lung cancer and ischaemic heart disease dominate the dubious tally,” it said.
In historic first, G20 weighs aging as global risk
Longer life-expectancy and sliding birth rates, particularly among wealthy nations, have resulted in a rapid expansion of the elderly population in places like Spain, Italy and South Korea, according to the Organization for Economic Co-operation and Development.
CBI books two LIC officials for forging insurance policy documents
.”They have submitted fake death certificates and other documents to the LIC for processing of death claims payments under these policies,” the LIC said in its complaint which is now a part of the CBI FIR
Aviva overhauls UK business, to cut 1,800 jobs
According to the statement, Aviva intends to reduce its expenses by cost savings in contractor and consultant spend, reduction in project expenditure and other efficiencies. This will involve approximately 1,800 role reductions across the group over the next three years, out of a total workforce of around 30,000.
Dell, Jeep, LIC most-trusted brands in India: Report
Aviva Life Insurance, Maruti Suzuki and State Bank of India are placed on eighth, ninth and tenth positions, respectively, in the brand trust report.
Max Financial net profit down 30% to Rs 391 cr in FY19
New Delhi: Max Financial Services (MFS) May 28 reported a 30 per cent fall in consolidated net profit to Rs 391 crore for 2018-19. The net profit was lower compared to the previous year, largely due to one-time expenses for pursuing an inorganic opportunity for...
Decisive NDA mandate raises expectation of a higher pace of economic reforms
According to the analysts,the first priority of the government is rural development to ease farm stress through the development of rural infrastructure (roads, housing etc) and boost farm income and infrastructure spend, address agricultural distress, and encouraging employment.
Nigeria more than triples insurers’ capital Requirements
Insurers wanting to combine life and property and casualty businesses are required to have capital of at least 18 billion naira ($50 million), up from 5 billion naira, while the minimum for property and casualty business is 10 billion naira compared with 3 billion naira. The requirement for life insurance is 8 billion naira versus 2 billion naira and that for reinsurance is 20 billion naira compared with 10 billion naira.