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Largest union of PSU general insurance industry demands merger of all four cos

by AIP Online Bureau | Mar 21, 2018 | Indian News

  Mumbai: The largest union of the employees of public sector general insurance industry, GIEAIA, has demanded the merger of all the four state owned general insurance companies-New India Assurance, National Insurance Company(NIC), United India...

Max Financial to raise Rs 5,000 cr to fund acquisitions of life insurance arm 

by AIP Online Bureau | Mar 21, 2018 | Indian News

New Delhi: The board considered raising of funds by way of debt for the purpose of making investments in its subsidiary Max Life Insurance Company Ltd (Max Life) to enable it to drive growth through acquisition opportunities, Max Financial Services said in a...

SC questions aggregation of personal data under Aadhaar scheme

by AIP Online Bureau | Mar 21, 2018 | Indian News, Policy

New Delhi: If you just have to identify the citizens, what is the need to centralise and aggregate their personal data under the Aadhaar scheme, the Supreme Court asked the Centre today.   The Centre, in turn, urged a five judge constitution bench headed by Chief...

Over 12,000 cases related to cyber crime registered in 2016: Govt

by AIP Online Bureau | Mar 21, 2018 | Indian News, Risk Management

New Delhi: Over 12,000 cases related to cyber crime were registered during 2016, up from 9,622 in 2014, Parliament was informed today.   "As per the data maintained by National Crime Records Bureau (NCRB), a total of 9,622, 11592 and 12,317 cyber crime cases...

Lloyd’s announces an aggregated market loss of £2bn for 2017

by AIP Online Bureau | Mar 21, 2018 | International News, Reinsurance

London: After a number of relatively benign catastrophe years, the frequency and scale of the disasters that struck around the world in the second half of 2017 saw major claims costing the Lloyd’s market £4.5bn, more than double the previous year (2016:...
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