by AIP Online Bureau | Dec 23, 2024 | Indian News, Life, Non-Life, Policy, Regulation
According to the latest IRDAI annual report for Fy 23-24, released today after its ratification in the winter session of Parliament the insurance penetration for life insurance industry has again marginally declined from 3 per cent in the previous year to 2.8 per cent...
by AIP Online Bureau | Dec 23, 2024 | Briefs, Non-Life
Shriram General Insurance Company (SGIC) has settled the motor insurance claims within 24 hours of the incident in Jaipur (Rajasthan).On Friday, December 20, 2024, a truck loaded with chemicals collided with a tanker carrying LPG and other vehicles including a CNG...
by AIP Online Bureau | Dec 22, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy, Regulation, Reinsurance, Risk Management
One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses. The second pillar would be to create a mandatory European Union fund to pay reconstruction costs when...
by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, Features, Non-Life, Policy, Reinsurance, Risk Management
“Catastrophe risk management falls within the realm of public management. A lack of understanding of that “public nature” in China has led to “a simplistic approach of delegating the job to the insurance industry, which is ill-equipped to shoulder the entire...
by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
A final decision of the insurance taxation under GST is likely on Saturday as most states are in favour of lowering taxes on premium. New Delhi: The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance...
