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Premiums serviced by Medi Assist cross Rs 10,000 cr

by AIP Online Bureau | Mar 2, 2022 | Briefs, Health

Medi Assist Insurance TPA has become India’s first Third Party Administrator (TPA) to service more than Rs 10,000 crores of active group and retail healthcare premiums excluding the premiums for the government business where the company supports states and central...

Max Life incorporates pension fund subsidiary, to infuse Rs 55 cr

by AIP Online Bureau | Mar 2, 2022 | Briefs, Life, Pension & Social Security

Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. The wholly-owned subsidiary company of Max Life Insurance Company Ltd (Max...

Russian cyberattacks may test insurer war exclusion policy language: Fitch

by AIP Online Bureau | Mar 2, 2022 | International News, Non-Life, Reinsurance, Technology

Larger insurers have taken significant pricing and underwriting actions in response to rising cyber claims in recent years, including tightened contract language, which should help mitigate underwriting losses in the current uncertain environment, Fitch Ratings says...

Active monthly users of Indian apps, games jump 200 pc on Google Play in 2021

by AIP Online Bureau | Mar 2, 2022 | Data, Eco/Invest/Demography, Technology

”In 2021, the time spent by users outside India on apps and games created by Indian companies grew by 150 per cent compared to 2019,” Google Play Partnerships Vice-President Purnima Kochikar said Active monthly users of Indian apps, games jump 200 pc on...

Maha, MP, Odisha suffered most from extreme weather in 2021: IMD chief

by AIP Online Bureau | Mar 2, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Indian Ocean is the fastest warming ocean basins in the world, and this will have serious impacts on the South Asian region. Heavy rainfall and flood-related incidents last year had claimed over 750 lives across the country, with Maharashtra recording the highest...
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