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CAG flags deficiencies in implementation of IEC plan in AB-PMJAY
"The NHA did not provide any details and records about a...
What are China’s ‘sponge cities’ and why aren’t they stopping the floods?
Breakneck urbanization has encased vast stretches of land in...
Domestic airlines inducted 100 plus aircraft in 2018
Majority of the planes inducted by the carriers last year, according to available figures, were Airbus A320 neos, with four carriers – IndiGo, GoAir, Air India and Vistara – taking deliveries of more than 60 of these planes besides other types of aircraft.
At present, these carriers together have over 660 planes. Budget carrier IndiGo has 206 planes including A320 neos, while both Air India and Jet Airways have 125 and 124 aircraft, respectively, in their fleets.
Linking Aadhaar and driving licence to be mandatory soon: Law minister
“At presently, what happens is that the guilty person who causes an accident flees the scene and gets a duplicate licence. This helps him go scot-free. However, with the Aadhaar linkage you can change your name but you cannot change your biometrics, neither iris nor fingerprints. So the moment you go in for a duplicate licence, the system will say this person already has a driving licence and should not be given a new one,” said Prasad, explaining the need for the linkage.
262 terror attacks killed 595 people in Pakistan in 2018: Report
“Balochistan was the only region where terrorism-related killings surged, by over 23 per cent, when compared to 2017; most of these fatalities resulted from attacks by religiously-inspired militant groups,” according to the report.
Around 171 attacks in entire Pakistan were perpetrated by the Tehreek-e-Taliban Pakistan (TTP) and its splinter groups – Jamaatul Ahrar, Hizbul Ahrar and others, which killed 449 people.
Nationalist insurgent groups, mostly in Balochistan and a few in Sindh, carried out 80 attacks, martyring 96 people.
POP ties up with Allianz Australia for M&A Insurance, targets Asia
Fusion M&A, supported by Allianz, is offering a full suite of Transactional Insurance solutions, including Warranty & Indemnity, Tax Opinion, and Contingent Liability; serving the Private Equity and Corporate M&A marketplace.It has developed an extensive ecosystem of advisory, legal,financial, technology and insurance partners across APAC.
Myanmar set to approve licenses for foreign insurers
life insurance providers will be given two options to operate. The first option allows not more than three licenses for foreign life insurers to operate as 100 percent wholly owned subsidiaries. The second allows foreign life insurers with a representative office in Myanmar to form a joint venture with a local life insurer.Two large Indian state owned insurers, The non-life insurance providers with rep offices in Myanmar will be allowed to form a JV with local non-life insurers.The New India Assurance, country’s largest non-life company and the Life Insurance Corporation(LIC), are keen to set up their operations in Myanmar.
Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re
Insurers and reinsurers faced a bill of $80 billion from several catastrophes in 2018 including hurricanes Florence and Michael, typhoons Jebi, Mangkhut and Trami, flooding in Western Japan and the California wildfires.
“Rapid technology growth compelling pragmatic shift in India’s risk mitigation landscape”
Insurtech has already arrived in India and is disrupting the traditional value chain of the insurance industry. The industry is fundamentally changing because of the impact of technology such as Artificial Intelligence, Internet of Things, blockchain, big data, and Robotic Process Automation. The insurtech universe can be segmented into four broad categories – Product & Distribution, Business Process Enhancement, Data & Analytics, and Claims Management.
Ayushman Bharat a ‘game changer’; 6.85 lakh patients treated in 100 days: Finance Minister Arun Jaitley
Jaitley said in the first 100 days, 6.85 lakh patients have been provided hospital treatment and 5.1 lakh claims have availed of the scheme, for which payment has been released
Sharp rise in air crash deaths in 2018: Report
According to Netherlands-based Aviation Safety Network (ASN), airliner accidents killed 556 persons in 2018, compared with 44 in 2017, the BBC reported on Wednesday.
January Renewals show higher prices for clients with poor loss records: Willis Re
In property catastrophe renewals, cedants with good loss records and a disciplined, early renewal process achieved risk-adjusted rate reductions, while loss impacted accounts are seeing upward pricing across a number of lines. Some primary lines are seeing significantly larger rate increases than treaty reinsurance business