by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The “largest and most severe package” of economic sanctions against Russia tabled in the House of Commons includes a full asset-freeze of Russian state-owned bank VTB and powers to allow the UK to exclude Russian banks from Britain’s financial system. London:...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Risk Management
But in what will be a relief to Europe’s banks, the EU is unlikely at this stage to take steps to cut off Russia from the SWIFT global interbank payments system, several EU sources said. European banks are most exposed to Russia, especially in France, Italy and...
by AIP Online Bureau | Feb 24, 2022 | Indian News, Non-Life, Policy, Technology
It added that the additional requirement, suggested by the JPC, tasking the Data Protection Authority (DPA) to consult the government on all cross-border sensitive personal data transfers not only contradicts established global practices and undermines the role of the...
by AIP Online Bureau | Feb 24, 2022 | Indian News, Non-Life, Reinsurance, Risk Management
India’s mortality protection gap is 83 per cent and 72 per cent of the households underestimate the need for protection. Digitalization will allow insurers to rethink their approach in pricing, distribution, and managing the value chain, said Hadi Riachi,CEO,...
by AIP Online Bureau | Feb 24, 2022 | Banking & Bancassurance, Indian News, Non-Life, Regulation, Reinsurance
TL Almelu, member, Non-Life, Irdai ”A huge market is available for surety bonds in-country and now, the onus is on the insurance fraternity to come out with products quickly. We have already initiated at authority level discussions with the insurance agencies...
