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Canada’s Fairfax denies Muddy Waters’ short report in expanded rebuttal

by AIP Online Bureau | Feb 13, 2024 | International News, Non-Life, Reinsurance

Fairfax said Muddy Waters neither called it nor wrote to it, and instead released the report during its quiet period with its “one-sided, ill-informed allegations and insinuations in a transparent attempt to profit by short selling our stock.” Fairfax Financial on...

ACORD announces new global advisory council to drive industry-wide collaboration and digitalisation

by AIP Online Bureau | Feb 13, 2024 | International News, Non-Life, Reinsurance, Technology

“With the accelerating pace of digital transformation in our industry, the formation of the ACORD Global Advisory Council is a timely and significant step towards increasing collaboration and alignment within leading insurance markets around the world. I look forward...
IRDAI unveils regulations for Bima Sugam, services will be free for customers

IRDAI unveils regulations for Bima Sugam, services will be free for customers

by AIP Online Bureau | Feb 13, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Risk Management, Technology

Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
Protection Gap: Rising life insurance demands from Urban India, says Max Life Study

Protection Gap: Rising life insurance demands from Urban India, says Max Life Study

by AIP Online Bureau | Feb 13, 2024 | Articles, Eco/Invest/Demography, Health, Risk Management

-Max Life’s India’s Protection Quotient (IPQ) reveals that 3 in 4 urban Indians now own life insurance, -Higher importance being ascribed to Cover and Riders while buying Term Life Insurance, -The South Zone most financially prepared; West India has the highest...
IMA and Hospital Board of India raise concerns over newly launched `Cashless Everywhere’ scheme

IMA and Hospital Board of India raise concerns over newly launched `Cashless Everywhere’ scheme

by AIP Online Bureau | Feb 13, 2024 | Eco/Invest/Demography, Health, Indian News

The `Cashless Everyehere’ initiative has been rolled out without adequately addressing the concerns raised by the Indian Medical Association and Hospital Board of India. There is an absence of clear guidelines and procedures governing the implementation of the...
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