by AIP Online Bureau | Dec 21, 2023 | Articles, Eco/Invest/Demography, Life, Policy, Regulation, Technology
Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance One of the awaited developments of 2024 is that the government will table the Insurance Laws (Amendment) Bill as it has the potential to bring another round of positive reforms and bolster the growth prospects of...
by AIP Online Bureau | Apr 18, 2023 | Health, Indian News, Life, Non-Life
Debasish Panda,Chairman, IRDAI ” Insurers need to further to further collaborate with insurtechs more. I would also expect insurers to engage with the Insurance Information Bureau (IIB) more closely to make it a more vibrant body where they actually become the data...
by AIP Online Bureau | Jan 26, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Christian Mumenthaler,, group chief executive officer, Swiss Re The difficulties are forcing the insurance industry to get creative. There are three levers it can use to reduce climate risks: reduce its own emissions, force the companies it invests in to reduce their...
by AIP Online Bureau | Jan 22, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
Scrapping or slashing of Goods and Services Tax (GST) on insurance premiums, making pension/annuity proceeds tax-free, and creating a separate category for tax deduction for premium paid are some of the budget wishlist of Indian insurers The industry players are also...
by AIP Online Bureau | Jan 16, 2023 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Reinsurance, Wealth Management/ Philanthropy
India will become the sixth largest insurance market in the world in terms of premium volume by 2032, up from 10th largest in 2021 Life insurance profitability in India to benefit from rising interest rates. Pandemic-related claims continued to impact life insurers’...
