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IRDA clears LIC’s IDBI Bank acquistion plans, defers approvals for new `Reinsurance Regulations’

by AIP Online Bureau | Jun 29, 2018 | Indian News, Regulation

  Hydearbad: The board of the insurance regulator IRDAI on Friday cleared a proposal by which the Life Insurance Corporation(LIC) can pick up upto 51per cent in the IDBI bank while deferring the final approval of  the revamped...

Malaysia Expected to Give Foreign Insurers More Time to Cut Local Stakes

by AIP Online Bureau | Jun 29, 2018 | International News, Regulation

  Malaysia’s central bank is considering granting extensions to some foreign insurers to give them more time to trim stakes in their local ventures, people with knowledge of the matter said.   Foreign insurers are expected to be given additional time...

Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services

by AIP Online Bureau | Jun 29, 2018 | International News, Technology

  German auto supplier Robert Bosch GmbH is teaming with Canadian startup Mojio to get more vehicles connected wirelessly to a wide range of digital services, from insurance companies to emergency responders, the companies said on Wednesday.   Bosch said it...

China’s State-Run Insurance Funds feel strain of Baby Boom

by AIP Online Bureau | Jun 29, 2018 | International News

  Chinese President Xi Jinping wants women to have more babies. That’s proving to be a costly goal.   After government-run insurance funds paying for maternity leaves suffered revenue shortfalls for the first time, Xi’s government has begun...

Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care

by AIP Online Bureau | Jun 29, 2018 | Health, International News

  Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network.   The move represents a formidable threat to pharmacy chains...
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