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IRDAI sets stiff annual premium targets for life insurers for next 5 yrs, eyes 6.18% penetration by 2027

IRDAI sets stiff annual premium targets for life insurers for next 5 yrs, eyes 6.18% penetration by 2027

by AIP Online Bureau | Jun 30, 2022 | Indian News, Life, Regulation, Technology

To grow faster, the insurers need capital and IRDAI is planning to enlarge the basket of instruments through which they can raise capital Life Insurance Corporation has to mobilise almost a total premium Rs 16 lakh crore , HDFC Life Insurance(Rs 2.66 trillion),SBI...
Cryptocurrencies a clear danger to financial systems: RBI Governor

Cryptocurrencies a clear danger to financial systems: RBI Governor

by AIP Online Bureau | Jun 30, 2022 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

In the foreword to the 25th issue of the Financial Stability Report (FSR) released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention “We must be mindful of the emerging risks...

Over 50K startup employees stare at job loss as India prepares for 200 unicorns

by AIP Online Bureau | Jun 30, 2022 | Indian News, Technology, Workplace/Employee Benefits

Nearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU’s (White Hat Jr, Toppr), Unacademy, Vedantu, Cars24, Mobile Premier League (MPL), Lido Learning, Mfine, Trell, farEye, Furlanco and more Industry experts...
Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia

Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia

by AIP Online Bureau | Jun 30, 2022 | International News, Non-Life, Reinsurance

As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.” said Daniel Cossette, Chief...

Mass shooting insurance rates in U.S. jump as incidents rise

by AIP Online Bureau | Jun 30, 2022 | International News, Non-Life, Reinsurance

Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States’ worst school shooting in nearly a decade Active shooter insurance typically covers...
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