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Work on to assess safety of AI; job loss from GenAI not intense in India: IT Secy
"Safe and trusted AI is when you do the innovation, try and be...
IRDA may unveil new regulations to check insurers’ overdependence on promoter banks
In some cases, parent banks of insurers are selling over...
HDFC ERGO Health and HDFC ERGO General to seek NCLT nod soon for their merger
AnujTyagi, executive director & chief business officer at HDFC ERGO General Insurance Company Limited(HDFC ERGO General) has been appointed as the new Managing Director & CEO ofHDFC ERGO Health, subject to approval from the IRDAI
Cholamandalam GI and Toyota Tsusho lnsurance Broker penalised for violating MISP norms
Maruti lnsurance Broking Hero lnsurance Broking lndia have brought stays from the Securities Appellate Tribunal (SAT) against IRDAI’s decision to fine them for violating the Motor lnsurance Service Provider (MISP) norms
IRDAI penalises Malaysian brokers for cheating TATA-AIG in Rs 300 cr crop reinsurance deal
It all started when TATA-AIG General, which has since exited the crop insurance business after losing money heavily in the deal, made a complaint to IRDAI against Unison lnsurance Broker on Dec 21,2018 alleging fraud in reinsurance placement pertaining to crop insurance,with a premium of around Rs 300 crore in Rajasthan cluster for Kharif 2018.
Trump Administration seeks to limit ‘Overreach’ of Regulation of Artificial Intelligence
The comments come at a time when companies are racing to integrate AI and deep machine learning into their businesses to remain competitive. However, the technology raises ethical concerns about control, privacy, cyber security and the future of work, companies and experts have said.
IRDAI slaps a Rs 3 cr penalty against Aditya Birla Insurance Brokers for violating MISP norms
IRDAI has found fault with ABIBL as the broker has directly or indirectly controlled or interfered in determining of premier of policies.
Experiments to study operation of commercial BVLOS drones to take place in Jan: Aviation Minister
The minister also said the Centre will start registering drones – BVLOS and others – within a few weeks time.Potential use of drone technology for commercial purposes is very high, Puri said, adding that the Centre “is moving ahead on the BVLOS front”.
Govt plans quarterly, half-yearly financial statement norms for unlisted companies
There are more than 11 lakh unlisted companies that are active in the country and the proposal also assumes significance against the backdrop of instances of financial woes at some large unlisted entities.
Insurance intermediaries with majority foreign stake can’t repatriate over 75% as dividend: IRDAI
Besides, the financial statements pertaining to the financial year for which the insurance intermediary is declaring a dividend should be free of any qualifications by the statutory auditors, which have an adverse bearing on the profit during that year.
Mandatory standard health policy to have lifelong renewability:IRDA
General and health insurers should offer this product from April 1, 2020 onwards.Irdai has fixed the minimum entry age as 18 and maximum as 65 years and said the policy is subject to lifelong renewability
IRDA slaps Rs 2.18 cr of fine against Hero lnsurance Broking lndia for violating MISP norms
lt was observed that even though HIBIL has empanelled nine general insures and one standalone health insurers, no justification was given by HIBIL to restricl the number of insurers to 10 and not allow other general insurers to sell motor insurance policies through HIBL’s sponsored MISPs thereby leading to violation of MISP guidelines.