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PhonePe receives insurance broking licence from IRDAI

by AIP Online Bureau | Aug 30, 2021 | Indian News, Intermediaries, Technology

  Mumbai, Aug 30: Digital payments and financial services fintech PhonePe, on Monday,  received an insurance broking license-direct broking'-  from the Insurance Regulatory and Development Authority of India (IRDAI). With over 300 million...

China market regulator says it will tighten oversight of sharing economy

by AIP Online Bureau | Aug 30, 2021 | Eco/Invest/Demography, International News, Regulation, Risk Management

Aug 30: China's State Administration of Market Regulation (SAMR) said on Monday it would further regulate the sharing economy sector. SAMR said on its website that price hikes in the system built around the sharing of resources were effectively contained due to...

Alibaba fires 10 for leaking sexual assault accusations

by AIP Online Bureau | Aug 30, 2021 | Eco/Invest/Demography, International News, Workplace/Employee Benefits

  Beijing, Aug 30:  Alibaba Group Holding Ltd. has dismissed 10 staffers for publicizing an employee’s account of sexual assault allegations against a former manager, people familiar with the matter said, as the e-commerce giant moves to resolve a case...

Asian tourism sees ups, downs in 2nd year of pandemic

by AIP Online Bureau | Aug 30, 2021 | Eco/Invest/Demography, International News

  Hong Kong: From the Great Wall to the picturesque Kashmir valley, Asia's tourist destinations are looking to domestic visitors to get them through the COVID-19 pandemic's second year. With international travel heavily restricted, foreign tourists...

Hurricane Ida lashes Louisiana, knocking out power in New Orleans

by AIP Online Bureau | Aug 30, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Aug 30: Hurricane Ida plowed into Louisiana from the Gulf of Mexico as a fierce Category 4 storm on Sunday, lashing the coast with 150 mile-per-hour winds, torrential downpours and pounding surf that submerged much of the shoreline under several feet of water....
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