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Floods in Pakistan cause economic loss to the tune of USD 12.5 billion

by AIP Online Bureau | Sep 5, 2022 | Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance

Poverty and unemployment will go up manifold from 21.9 per cent to over 36 per cent. Some 37 per cent population was hit by poverty after floods in 118 districts, as estimated by the Pakistan government Islamabad: The estimated economic loss to Pakistan from floods...
Future Generali Gen to settle TP  claims of Cyrus Mistry and co-passenger killed in car crash

Future Generali Gen to settle TP claims of Cyrus Mistry and co-passenger killed in car crash

by AIP Online Bureau | Sep 5, 2022 | Indian News, Non-Life

Families of both Cyrus Mistry and Jahangir Pandole who were in the back seats of ill fated Mercedes SUV and died in the accident will be the claimants of third party(TP) motor claims as Indian insurance laws define all passengers in a private vehicle are covered under...
Focus back on road crash deaths as Cyrus Mistry meets fatal accident near Mumbai

Focus back on road crash deaths as Cyrus Mistry meets fatal accident near Mumbai

by AIP Online Bureau | Sep 5, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

The data showed a majority (59.7 percent) of the road accidents were due to over-speeding, accounting for 87,050 deaths and injuries to 2.28 lakh persons. New Delhi: The fatal road accident involving former Tata Sons chairman Cyrus Mistry on Sunday once again brought...
Wage Revision: Demand for pay parity with LIC rejected, Govt set to notify 12% hike for PSU general insurance industry

Wage Revision: Demand for pay parity with LIC rejected, Govt set to notify 12% hike for PSU general insurance industry

by AIP Online Bureau | Sep 4, 2022 | Indian News, Non-Life, Policy

GIPSA officials are meeting the ministry officials on Monday to work out the final details of wage revision and the date of notification.. in a late afternoon development on Sunday, the National Confederation of General Insurance Officers’ Association in a...

FPI inflows hit 20-month high of Rs 51,200 cr in Aug

by AIP Online Bureau | Sep 4, 2022 | Data, Eco/Invest/Demography

FPIs had turned buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they withdrew Rs 2.46 lakh crore from the Indian equity markets New Delhi: Foreign investors...
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