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S. Africa insurer discovery opens Bank, challenging traditional lenders

by AIP Online Bureau | Jun 28, 2019 | Uncategorized

It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to the public Monday it will challenge South African lenders with histories going back to 1838, and they’re ready for battle.   The insurer prides itself on...

China creates insurance group to take over troubled insurer Anbang

by AIP Online Bureau | Jun 28, 2019 | International News, Non-Life

China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control.   Beijing-based Dajia Insurance Group, which was established on June 25, has 20.4...

Govt to launch ‘one nation one ration card’

by AIP Online Bureau | Jun 28, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Food Minister Ram Vilas Paswan said the government is moving towards 'one nation one ration card', which will enable beneficiaries to get their quota of grains from any ration shop across the country.   The minister was speaking at a...

Cyber risks are jeopardizing M&A Deals

by AIP Online Bureau | Jun 28, 2019 | International News, Non-Life, Risk Management

  Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done.   Of more than 2,700 information technology and business decision...

Cyber Liability: the last frontier of the insurance

by AIP Online Bureau | Jun 28, 2019 | Articles, Non-Life, Risk Management, Technology

  Hackers and cyber thieves are growing in number and in the sophistication of their attacks. Attacks that do not require hackers to directly breach systems – fileless attacks – are ten times more likely to succeed than file-based attacks. These...
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