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IRDA forms panel to link motor premium with traffic violations

by AIP Online Bureau | Sep 12, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  Hyderabad  The insurance regulator IRDAI has asked the insurance companies to undertake a pilot project in NCT, Delhi to implement the premium escalation formula for registered owners/drivers of motor vehicles involved in traffic offences.   The...

World safest cities index: Tokyo tops list of 60, New Delhi ranks at 53

by AIP Online Bureau | Sep 4, 2019 | Eco/Invest/Demography, Facts, Health

  There’s a new surprise member of the world’s safest cities club. Washington, DC, has entered the top 10 in the Safe Cities index for the first time, while Hong Kong is a noticeable no-show after plummeting down the rankings. Tokyo took the No. 1...

Google to pay $170 million fine for sharing YouTube kids data

by AIP Online Bureau | Sep 4, 2019 | International News, Risk Management, Technology

  Google agreed to pay a $170 million fine to settle charges that it illegally collected and shared data from children on its YouTube video service without consent of parents, US officials announced on September 4. The settlement with the Federal Trade Commission...

Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re

by AIP Online Bureau | Sep 4, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8 per cent increase from a re-stated USD 518 billion at year-end 2018[1], with strong investment markets being the main driver...

Anup Rau to head Future Generali India Insurance

by AIP Online Bureau | Sep 4, 2019 | Indian News, Non-Life

  Mumbai: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between Future Group and global insurer Generali, has appointed Anup Rau as the Chief Executive Officer and Managing Director on  Wednesday. . He...
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