by AIP Online Bureau | Jan 17, 2019 | Eco/Invest/Demography, International News, Reinsurance, Risk Management, Technology
The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc. or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold....
by AIP Online Bureau | Jan 17, 2019 | Articles, Banking & Bancassurance, Intermediaries
The privatisation of the insurance industry in the 2000s gave an overall boost to the insurance sector. However, till late 2012, banks were allowed to sell insurance products of just one insurancecompany, in each category. Thereafter, with the new regulation,...
by AIP Online Bureau | Jan 16, 2019 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Mumbai: According to the the World Economic Forum’s Global Risks Report, rising geopolitical and geo-economic tensions are the most urgent risk in 2019, with 90% of experts saying they expect further economic confrontation...
by AIP Online Bureau | Jan 16, 2019 | Indian News, Intermediaries, Technology
Mumbai: Tech-based platform Turtlemint, fast emerging as a leader in the insurance distribution space, has closed a USD 25 mn funding round – led by Sequoia India, with participation from existing investors Nexus Venture Partners and Blume Ventures....
by AIP Online Bureau | Jan 16, 2019 | Eco/Invest/Demography, Indian News
New Delhi: IT major Infosys has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated Rs 4,241.97 crore for the project. The move will help in bringing down the...
