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UK regulatory shake-up could address lack of domestic commercial reinsurance -lobby group

by AIP Online Bureau | Jan 19, 2022 | International News, Non-Life, Regulation, Reinsurance

Britain’s upper chamber of parliament, the House of Lords, said late last week that its Industry and Regulators committee of lawmakers was launching an inquiry into the regulation of the London insurance market and how to improve the regulatory set-up for the...

5G scare: AI cancels 8 US flights; DGCA working to overcome situation

by AIP Online Bureau | Jan 19, 2022 | Indian News, Risk Management, Technology

Air India stated on Twitter that it won’t be operate eight India-US flights on Wednesday “due to deployment of the 5G communications in the US”. These eight Air India flights were: Delhi-New York, New York-Delhi, Delhi-Chicago, Chicago-Delhi, Delhi-...

Risk mitigation in insurance key to drive penetration: Official

by AIP Online Bureau | Jan 19, 2022 | Indian News, Policy

Both the government and the Insurance Regulatory and Development Authority of India are working together on how to drive the penetration of products, innovation and distribution, he said. said Saurabh Mishra,Joint Secretary,Department of Financial Services New Delhi:...
ICICI Lombard General Q3 profit remains flat at Rs 318 cr

ICICI Lombard General Q3 profit remains flat at Rs 318 cr

by AIP Online Bureau | Jan 19, 2022 | Indian News, Non-Life

Bhargav Dasgupta, managing director and CEO, ICICI Lombard General Insurance said that the profit was crimped by the rising cost pressure from marketing expenses as a section of the industry has been going aggressive on this front whittling the higher gains from...

DGCA to probe two IndiGo planes’ near collision over Bengaluru airport

by AIP Online Bureau | Jan 19, 2022 | Indian News, Regulation

Officials of Directorate General of Civil Aviation (DGCA) said that the two IndiGo planes — 6E455 (Bengaluru to Kolkata) and 6E246 (Bengaluru to Bhubaneswar) — were involved in ‘breach of separation’ at Bengaluru airport. Breach of separation...
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