by AIP Online Bureau | Jul 26, 2022 | Banking & Bancassurance, Indian News, Policy
As per the RBI data, frauds involving the amount of Rs 11,800 crore were detected in 2020-2021, the Minister of State for Finance said in a written reply to the Lok Sabha New Delhi: The amount involved in frauds reported by banks and select financial institutions...
by AIP Online Bureau | Jul 25, 2022 | Eco/Invest/Demography, International News, Reinsurance
“Representation of women and ethnic minorities (is) improving across our market – but we can’t be complacent,” Lloyd’s of London CEO John Neal said. A quarter of firms operating at Lloyd’s of London have reached the commercial insurance...
by AIP Online Bureau | Jul 25, 2022 | Briefs, Non-Life
Royal Sundaram General Insurance has entered into a bancassurance partnership with City Union Bank. This arrangement will enable the customers of the bank to have easy access to a comprehensive suite of best-in-class general insurance products from Royal Sundaram...
by AIP Online Bureau | Jul 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
by AIP Online Bureau | Jul 25, 2022 | Indian News, Non-Life, Regulation
”To give more thrust to our space programme, we need to target much more lenient insurance policies where the government can come forward and help out in a bigger way than what is done in other countries,” Pawan Kumar Chandana, CEO of Skyroot Aerospace,...
