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India to surpass China as most populous country in 2023, U.N. report says

India to surpass China as most populous country in 2023, U.N. report says

by AIP Online Bureau | Jul 11, 2022 | Eco/Invest/Demography, International News

In 2021, the average fertility of the world’s population stood at 2.3 births per woman over a lifetime, having fallen from about 5 births in 1950. Global fertility is projected to decline further to 2.1 births per woman by 2050 India is set to surpass China as the...

China unveils action plan to improve domestic standards across industries

by AIP Online Bureau | Jul 11, 2022 | Eco/Invest/Demography, Health, International News, Policy

The plan covered a wide range of domestic industries, as well as setting out tasks to help achieve broader goals such as China’s net-zero emissions plan and better prevention of major epidemics and terrorism attacks China on Friday published an action plan to improve...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry

IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry

by AIP Online Bureau | Jul 11, 2022 | Indian News, Life, Non-Life, Regulation, Reinsurance

Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
Delhi HC further adjourns “Singh Vs Government of India” case  to Sep 8, NIA CMD appointment to get delayed

Delhi HC further adjourns “Singh Vs Government of India” case  to Sep 8, NIA CMD appointment to get delayed

by AIP Online Bureau | Jul 11, 2022 | Indian News, Non-Life

Indicating a possible scenario, industry observers say the government will now go ahead and appoint GMDs of PSU general insurers who can be selected by the FSIB and these GMDs( each company has provisions for two GMDs) can be given temporary charge of CMD of the...
8 new Insurance Ombusdmen selected

8 new Insurance Ombusdmen selected

by AIP Online Bureau | Jul 11, 2022 | Indian News, Life, Non-Life

Atul Sahai, former CMD, New India Assurance has been selected for Lucknow along with Manoj K Parida, a retired IAS officer for Bhubaneswar, Bimbadhar Pradhan, ( retired IAS for Noida), C Vikash Rao (Life Insurance Corporation for Ahemedabad),Sumeet Jarath(Delhi),...
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