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1.68 lakh people died in 4.61 lakh road accidents in 2022: Road Ministry report

by AIP Online Bureau | Oct 31, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

The report titled ‘Road accidents in India — 2022’ said this marks an 11.9 per cent year-on-year rise in accidents and a 9.4 per cent increase in fatalities. There was a 15.3 per cent surge in the number of people getting injured in 2022. New Delhi:...

Odisha to spend Rs 2000 crores for disaster resilient infrastructure: CM Naveen Patnaik

by AIP Online Bureau | Oct 30, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Indian News

Moreover, automated weather and rain gauge stations will be set up in every panchayat and the World Bank will provide financial assistance for 3,000 panchayats in this regard, the Chief Secretary said Bhubaneswar: Odisha to spend Rs 2000 Crores for disaster resilient...

Biden signs sweeping executive order regulating artificial intelligence

by AIP Online Bureau | Oct 30, 2023 | Eco/Invest/Demography, Policy, Regulation, Technology

The lengthy executive order, released on Monday, sets new standards on security and privacy protections for AI, with far-reaching impacts on companies. Developers such as Microsoft Corp., Amazon.com Inc and Alphabet Inc.’s Google will be directed to put powerful AI...

Chinese Online Insurer Shouhui considers Hong Kong IPO in 2024

by AIP Online Bureau | Oct 30, 2023 | Eco/Invest/Demography, International News, Non-Life, Technology

Founded in 2015 in Shenzhen, Shouhui Tech offers full service in insurance from online consulting to purchasing and compensation, according to its its website. It acquired an internet hospital license in 2022 which allows it to offer online medical services. Shenzhen...
Insurers to provide details of basic features to customers from Jan 1, 2024

Insurers to provide details of basic features to customers from Jan 1, 2024

by AIP Online Bureau | Oct 30, 2023 | Health, Indian News, Non-Life

Policyholders will also be informed about policy coverage (like hospital expenses), exclusions (what the policy does not cover), waiting period, financial limits of coverage, claims procedure, and details about grievances/complaints redressal mechanism. Hyderabad:...
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