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 June 1 Renewals: Property-catastrophe pricing up 33%, says Howden Tiger

by AIP Online Bureau | Jun 1, 2023 | Intermediaries, International News, Reinsurance

P&C reinsurance prices up an average 33% at 1 June (highest since early 90s), driven by financial market volatility, inflation, geopolitical tensions, recent weather losses and the Turkey earthquakeReinsurers are in a period of “heightened risk aversion” and stand...
IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion

IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Regulation

There can be Corporate Bima Vahak, who are legal person registered in accordance with the respective laws of India and can be engaged by an insurer and Individual Bima Vahak, who can be individuals either appointed by an insurer or appointed by a Corporate Bima Vahak...
LIC,SBI among top 10 Indian brands in terms of value

LIC,SBI among top 10 Indian brands in terms of value

by AIP Online Bureau | Jun 1, 2023 | Eco/Invest/Demography, Indian News

Tata Consultancy Services (TCS) topped the 2023 50 Most Valuable Indian Brands list with a brand value of Rs 1.09 lakh crore followed by RIL, Infosys, HDFC, JIO, airtel, LIC, Mahindra, SBI and ICICI, New Delhi: As per the latest report by Interbrand, financial...
Report identifies leaders, laggards in e-vehicle transition

Report identifies leaders, laggards in e-vehicle transition

by AIP Online Bureau | Jun 1, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

ICCT modeling indicates that nearly 100 per cent of new light-duty vehicles sold in leading markets in 2035 must have zero tailpipe emissions to put the transportation sector on a trajectory aligned with the goal of limiting global warming to below 2 degrees Celsius,...
Amazon fined $25 mn for violating children’s privacy law, deceiving parents

Amazon fined $25 mn for violating children’s privacy law, deceiving parents

by AIP Online Bureau | Jun 1, 2023 | International News, Policy, Regulation, Technology

“Amazon’s history of misleading parents, keeping children’s recordings indefinitely, and flouting parents’ deletion requests violated COPPA and sacrificed privacy for profits,” said Samuel Levine, Director of the FTC’s Bureau of...
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