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Sebi partly accepts Kotak panel suggestions; for separating Chairman, CEO posts

by AIP Online Bureau | Mar 28, 2018 | Indian News, Regulation

Mumbai: Listed companies will soon have to separate the post of CEO and Chairman, disclose expertise of directors and have at least one independent woman director as Sebi has partly accepted the Uday Kotak panel recommendations on corporate governance.   The Sebi...

Reinsurance of PM Fasal Bima Yojana & other major social security schemes exempted from GST

by AIP Online Bureau | Mar 28, 2018 | Indian News, Policy

  Mumbai: Government has announced that the GST Council has decided to exempt GST(Goods and Service Tax) in the  reinsurance deals of some of the major social security schemes like Prime Minister Fasal Bima Yojana(PMFBY), Pradhan Mantri Jeevan...

Prudential develops innovative process with PIC to help small pensions de-risk

by AIP Online Bureau | Mar 28, 2018 | Uncategorized

NEWARK, N.J: -A collaborative effort between Prudential Retirement, a unit of Prudential Financial, Inc.and Pension Insurance Corporation (PIC) has created an innovative new approach for expediting longevity reinsurance transactions for smaller pension buy-ins and...

Root Insurance Closes $51 Million Investment to Expand Customized Auto Insurance

by AIP Online Bureau | Mar 28, 2018 | International News, Technology

  COLUMBUS, Ohio: Root Insurance, the first car insurance company to incorporate individual driving behavior in every quote, announced today the closing of a $51-million Series C funding round led by Redpoint Ventures, with Scale Venture Partners and existing...

B3i founders form blockchain startup

by AIP Online Bureau | Mar 27, 2018 | International News, Technology

Munich: The Blockchain Insurance Industry Initiative (B3i) has announced the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i. Up until now B3i has been a collaborative initiative of 15 global insurers and...
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