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Govt document proposes 74% FDI in insurance

by AIP Online Bureau | Jul 9, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

  New Delhi: Even as Finance Minister Nirmala Sitharaman in her maiden Budget for 2019/20, on July 5, said the government to consider relax FDI rules in the aviation, media, animation and insurance sectors, and ease rules for single-brand retailers, a government...

Canopius hires 4 in APAC growth drive

by AIP Online Bureau | Jul 8, 2019 | International News, Non-Life

  London: Canopius today announces four appointments to its recently-established branch, Canopius Australia & Pacific in Sydney, which has also gained binding authority approval from Lloyd’s.   The appointments support Canopius’ ambition to...

Sensex suffers biggest single-day loss in 2019 on budget woes, global selloff

by AIP Online Bureau | Jul 8, 2019 | Eco/Invest/Demography, Indian News

Mumbai: Market benchmark BSE Sensex on Monday plummeted by 793 points or 2 per cent, its biggest single-day loss this year so far, due to heavy selling in financial, auto and oil stocks as investors turned edgy after the twin impact of budget tax proposals and a...

British Airways faces record $230M fine for data breach under new GDPR Rules

by AIP Online Bureau | Jul 8, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management

  London: British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information Commissioner’s Office (ICO)....

CCRIF & World Bank issue first parametric fisheries insurance

by AIP Online Bureau | Jul 8, 2019 | International News, Non-Life, Risk Management

  Grand Cayman, Cayman Islands:  CCRIF SPC and the World Bank have announced  that on July 1, the Facility issued the Caribbean Oceans and Aquaculture Sustainability FaciliTy (COAST) fisheries parametric insurance policy to two of its member governments...
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