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Cabinet approves Rs 2,500 cr of capital infusion in 3 PSU gen insurance cos

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The Union Cabinet on Wednesday approved a proposal for capital infusion and immediate release of Rs 2,500 crore for three public sector companies on account of their critical financial conditions.   The decision came after United India...

Prolonged slide in financial health of Indian firms comes to end

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News

Mumbai: The lingering effects of India’s shadow banking crisis and slowing economy have left companies’ financial health around the worst levels in years, but one gauge shows the prolonged deterioration has at least halted for now.   Care Ratings Debt...

Renewable insurance plays an important role in Asia’s energy transition:Willis Towers Watson

by AIP Online Bureau | Feb 12, 2020 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography

  SINGAPORE, Willis Towers Watson today launched its inaugural Renewable Energy Market Review for 2020. The Review identifies several new realities that the industry needs to face up to at the beginning of the new decade.   These new realities include:...

IAI to host 3-day 21st Global Conference of Actuaries in Mumbai from Feb 17

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance

  Mumbai:  Institute of Actuaries of India (IAI)  all set to organise the 21th Global Conference of Actuaries from 17th February to 19th February, 2020 in Mumbai.  The global conference will be conducted with a flavour of grandeur and admiration of...

SBI Gen Insurance records a PBT at Rs 387 cr, u/w profit of Rs 14 cr in Apr- Dec 

by AIP Online Bureau | Feb 12, 2020 | Indian News, Non-Life

  Mumbai: SBI General Insurance, one of the leading general insurance companies in India, has recorded a profit before tax of Rs 387 cr for 9M FY 19-20 vis-à-vis Rs 378 cr for 9M FY 18-19.  SBI General recorded its sustainable underwriting profit of...
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