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Allegations against ICICI Bank pose reputational risks: Fitch

by AIP Online Bureau | Apr 9, 2018 | Indian News, Risk Management

  Mumbai: Global Rating agency Fitch on Monday said that an investigation into allegations that India's ICICI Bankextended a loan with a potential conflict of interest raises questions over the bank's governance and creates reputational risks, says Fitch...

InsurTech M&As in Asia surge to US$460 million in 2017, three times that of 2016: Willis Study

by AIP Online Bureau | Apr 9, 2018 | International News, Technology

  Hong Kong: The total transaction volume of InsurTech M&As in Asia hit US$460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalisation, according to the fourth Quarterly...

Safety violations in Indian skies down in 2017

by AIP Online Bureau | Apr 9, 2018 | Data, Indian News, Non-Life, Reinsurance, Risk Management

“There are 352 number of violations of safety norms by airlines in 2016 whereas 269 numbers of violations were reported in 2017. Therefore, the number of safety violations has reduced in 2017 as compared to 2016,”Minister of State for Civil Aviation Jayant...

Adopt Clinical Establishment Act, Health Ministry urges states

by AIP Online Bureau | Apr 8, 2018 | Health, Indian News

  New Delhi:  The Union Health Ministry has urged states to adopt the Clinical Establishment Act, which aims to streamline healthcare services in India, stating they are the "most important partners" in rolling out of the free health insurance...

Indian investors concerned about data, confidentiality breach by investment adviser: Survey

by AIP Online Bureau | Apr 8, 2018 | Indian News, Risk Management

  Mumbai: Retail investors in the country have the strongest level of trust in the financial services industry, almost 30 percent higher than the global average, but are also concerned about data or confidentiality breach, with nearly 41 percent of them stating...
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