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Zurich acquires 70% of Kotak General Insurance

Zurich acquires 70% of Kotak General Insurance

by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Policy, Regulation

The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India. This is a key strategic step for Zurich,” said Tulsi Naidu, CEO – Asia Pacific, Zurich Insurance Group Mumbai: Zurich...
India’s ‘heat trap’ cities make summers worse, says government official

India’s ‘heat trap’ cities make summers worse, says government official

by AIP Online Bureau | Jun 17, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy

“The emission of greenhouse gases has gone up. The permeable spaces have gone down considerably. The cities actually have become heat traps.As a result, nights are nearly as uncomfortable as days,Krishna S. Vatsa, a member of the National Disaster Management...
Life Insurance: Surrender charges to reduce finally, hit insurance companies

Life Insurance: Surrender charges to reduce finally, hit insurance companies

by AIP Online Bureau | Jun 13, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management

The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
Parametric Play: Insurance helps 46,000 Indian women avoid deadly work during heat waves

Parametric Play: Insurance helps 46,000 Indian women avoid deadly work during heat waves

by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

As soon as temperatures breached 43.6C in Ahmedabad, Makwana and thousands of other women were told that ICICI Lombard, an insurance company, would pay them a portion of their daily wages. The Self-Employed Women’s Association labour union runs the insurance...

WHO confirms human case of bird flu in India, 2nd case since 2019

by AIP Online Bureau | Jun 12, 2024 | Eco/Invest/Demography, Health, Indian News

While the H9N2 virus typically tends to cause mild illness, the United Nations agency said that further sporadic human cases could occur as this virus is one of the most prevalent avian influenza viruses circulating in poultry in different regions New Delhi: The World...
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