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Indian insurance penetration remains flat at 3.14 pc in 2016

by AIP Online Bureau | Jan 5, 2018 | Indian News

Hyderabad: After falling consistently between 2010-1013, there has been a slight increase in the Indian insurance penetration at 3.44 per cent in 2015 and 3.49 per cent in 2016.According to the insurance regulator IRDAI, during the year 2016, the insurance density was...

The wait for the self-driving future is coming to an end

by AIP Online Bureau | Jan 5, 2018 | Articles, Technology

The wait for the self-driving future is coming to an end. The earliest real-world applications of autonomous vehicles will arrive in 2018.  Starting in Phoenix this year, a small number of commuters will be riding in driverless Chrysler Pacifica minivans as part...

Android banking Trojan may target Indian banks’ mobile apps: Quick Heal

by AIP Online Bureau | Jan 5, 2018 | Indian News, Risk Management

Pune: Global IT security firm Quick Heal's Security Labs on Thursday announced it has spotted an Android Banking Trojan that imitates more than 232 mobile apps, including those offered by Indian banks like SBI, HDFC, ICICI, IDBI and...

Hurricanes turn 2017 as worst year for insurers as they lose $135 bn:Munich Re

by AIP Online Bureau | Jan 4, 2018 | International News

Munich: The hurricane trio of Harvey, Irma and Maria will cost the global insurance industry a record amount in 2017: the final insurance bill for those and other natural catastrophes, including a severe earthquake in Mexico, is expected to come to US$ 135bn –...

General Insurers cut premiums for private cars & CVs

by AIP Online Bureau | Jan 4, 2018 | Indian News

Mumbai: Pushed by the new regulations by the insurance regulator IRDAI, the domestic general insurers have decided to reduce their premiums in the `own damage’ segment by 5-20 per cent for the existing and new customers of private and commercial vehicles.  ...
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