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Global Covid-19 caseload rises to 422.8 mn, fatalities at 5.88 million

by AIP Online Bureau | Feb 20, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 78,457,081 and 934,951, according to the CSSE The second worst hit country in terms of cases is India (42,780,235 infections and 510,905 deaths), followed by...
Govt to launch ‘Meri Policy Mere Hath’, to deliver crop policies at farmers doorstep

Govt to launch ‘Meri Policy Mere Hath’, to deliver crop policies at farmers doorstep

by AIP Online Bureau | Feb 20, 2022 | Indian News, Non-Life, Reinsurance, Technology

Pradhan Mantri Fasal Bima Yojana (PMFBY) enters its 7th year of implementation Over 36 crore farmer applications have been insured under PMFBY Over Rs. 1,07,059 crores of claims have already been paid under the scheme Around 85% of the farmers enrolled with the scheme...

Assam becomes first state to launch night navigation mobile app in rivers

by AIP Online Bureau | Feb 19, 2022 | Eco/Invest/Demography, Indian News, Technology

The night navigation mobile application was developed by the transport department in association with K Raju, the principal scientist of IIT Madras and will survey the draft of the rivers, the spokesperson said. Guwahati: The first night navigation mobile application...
SC sets aside SAT’s “aiding and abetting corruption’ remarks against former IRDA member Joseph

SC sets aside SAT’s “aiding and abetting corruption’ remarks against former IRDA member Joseph

by AIP Online Bureau | Feb 19, 2022 | Indian News, Non-Life, Regulation, Reinsurance

Aggrieved by a SAT order, the IRDAI and its former member PJ Joseph had filed an appeal in the SC ,which the insurance regulator claimed was issued without giving it a proper hearing. The other parties in the long drawn case are few insurance brokers including Atkins...

Nasdaq sinks into ‘Death Cross’ for first time since April 2020

by AIP Online Bureau | Feb 19, 2022 | Eco/Invest/Demography, International News, Risk Management, Wealth Management/ Philanthropy

“When you hear ‘death cross’ your antenna goes up,” Jay Woods, chief market strategist at DriveWealth Institutional, said in a phone interview. “It doesn’t always mean doom and gloom is coming. It just means we’ll likely be in a more extended downtrend.” With...
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