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IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’

IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’

by AIP Online Bureau | Feb 7, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation

Insurance business pertaining to Government social security schemes such as Pradhan Mantri Awas Yojana, Pradhan Mantri Suraksha Bima Yojana (PMSBY),Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY), etc. where total/ partial premium is paid by the Government,...
Boeing door bolts on Alaska flight were missing, says US Investigators

Boeing door bolts on Alaska flight were missing, says US Investigators

by AIP Online Bureau | Feb 7, 2024 | International News, Risk Management, Technology

The incident has become the biggest crisis for Boeing since its entire fleet of Max jets was grounded worldwide in 2019 following two fatal crashes A dramatic accident on an Alaska Airlines flight last month was apparently triggered by a door plug that hadn’t been...

EU agreement on ESG Ratings seen as world’s toughest

by AIP Online Bureau | Feb 7, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

Under the agreement, ESG ratings providers based in the EU “will need to obtain an authorization” from the European Securities and Markets Authority, the Council said A provisional agreement in the European Union setting guardrails around the ESG [environmental,...

Europe gains powers to tackle supply chain emergencies

by AIP Online Bureau | Feb 7, 2024 | Disaster & Management, Eco/Invest/Demography, Policy, Regulation, Risk Management

The move was also spurred by the row with AstraZeneca in 2021 over delays in delivering COVID-19 vaccine doses to the 27-country European Union EU countries and lawmakers on Feb 1 agreed to rules which will require Europe-based companies to prioritize production of...
DBS cuts CEO Gupta’s salary by 30% for digital banking outages

DBS cuts CEO Gupta’s salary by 30% for digital banking outages

by AIP Online Bureau | Feb 7, 2024 | Banking & Bancassurance, International News, Regulation, Risk Management, Technology

Piyush Gupta,Chief Executive Officer, DBS Bank’ Last year’s outages at DBS that saw payment and ATM transactions stalled across the city-state also resulted in the variable compensation for the group management committee collectively cut by 21 per cent from a year...
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