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RBI issues new debit and credit card rules to improve security

by AIP Online Bureau | Jan 15, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

  Mumbai: To improve user convenience and increase the security of debit and credit card transactions, the banking regulator Reserve Bank of India(RBI) has now asked the banks to provide facility to switch on / off and set / modify transaction limits (within the...

Jon Hancock to quit Lloyd’s

by AIP Online Bureau | Jan 15, 2020 | International News, Reinsurance

  London: Today Lloyd’s announced that Jon Hancock has decided to step down as Performance Management Director(PMD) in 2020.Jon’s ground-breaking and market leading approach has reset the performance agenda, and in 2019 he also took the lead on...

IRDA approves 33 regulatory Sandbox proposals

by AIP Online Bureau | Jan 15, 2020 | Eco/Invest/Demography, Indian News, Regulation, Technology

  Hydearabad: Even as the regulator IRDAI has approved 33 proposals out of 173 projects related to Health, Motor and Intermediaries  under its innovative regulatory sandbox project, ICICI Lombard General Insurance has bagged the maximum projects-...

Japan minister Shinjiro Koizumi becomes first to announce paternity leave

by AIP Online Bureau | Jan 15, 2020 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits

  Tokyo: Japan's environment minister on Wednesday said he would take two weeks of paternity leave, the first time a cabinet minister has publicly committed to such a move in the country.   Shinjiro Koizumi, a media-savvy 38-year-old married to a former...

Zurich sees hardening rates, improving terms – first time since 2002

by AIP Online Bureau | Jan 14, 2020 | International News, Non-Life, Reinsurance

  Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums.   “The last time this...
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