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Fosun said to revive sale of Hong Kong’s $1 billion Peak Re

Fosun said to revive sale of Hong Kong’s $1 billion Peak Re

by AIP Online Bureau | Feb 8, 2024 | International News, Reinsurance

Founded in 2012, Peak Re focuses on insurance including property and casualty, and life and health, its website shows. It has more than 580 clients across 60 markets in Asia Pacific, Europe, the Middle East, Africa and the Americas. Fosun International Ltd. has...
LIC net surges almost 50% to Rs 9,444 crore in Q3 FY23-24

LIC net surges almost 50% to Rs 9,444 crore in Q3 FY23-24

by AIP Online Bureau | Feb 8, 2024 | Indian News, Life

“Our consistent and focused approach towards diversifying and changing our product mix is now yielding results at a faster pace. ” Chairperson Siddhartha Mohanty, said Mumbai: Life Insurance Corporation of India reported a nearly 50% rise in third-quarter...
Google pilots new programme to protect Android users from financial fraud

Google pilots new programme to protect Android users from financial fraud

by AIP Online Bureau | Feb 8, 2024 | International News, Risk Management, Technology

“As part of a continued strategic partnership with the Cyber Security Agency of Singapore (CSA), we will launch this first pilot in Singapore in the coming weeks to help keep Android users safe from mobile financial fraud,” Google said in a blogpost New...

Equity mutual fund inflow hits almost 2-yr high of Rs 21,780-cr in Jan

by AIP Online Bureau | Feb 8, 2024 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

The flow in January was the highest since March 2022, when equity-oriented mutual funds witnessed an inflow of Rs 28,463 crore. Also, the latest flow marks the 35th consecutive month of net inflows in equity funds New Delhi: Equity mutual funds experienced a net...
RBI plans new framework for authentication of digital transactions

RBI plans new framework for authentication of digital transactions

by AIP Online Bureau | Feb 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

To enhance the security of AePS(Aadhaar Enabled Payment System ) transactions, it is proposed to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by banks. Additional fraud risk management requirements...
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