by AIP Online Bureau | Nov 23, 2022 | Health, Indian News, Life, Non-Life
It also proposed that there should be no variable pay to Managing Director (MD), Chief Executive Officer (CEO), Whole-Time Directors (WTD) and Key Management Persons (KMPs) for the financial year in which the actual expenses exceed the projected expenses by more than...
by AIP Online Bureau | Nov 15, 2022 | International News, Non-Life, Reinsurance
The insurers named in the proceedings, which the filing shows were issued on Nov.3, include Lloyd’s of London Ltd., AIG Inc., Chubb Ltd. and Swiss Re AG. Leasing firms have begun pursuing claims over huge losses since losing control of more than 400 leased planes...
by AIP Online Bureau | Nov 9, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life
Tarun Bajaj, revenue secretary, ministry of finance The government has said investigations by the Directorate General of GST Intelligence, Mumbai Zonal Unit have revealed that input tax credit of Rs 824 crore has been availed by 16 insurers, out of which an amount of...
by AIP Online Bureau | Nov 6, 2022 | Indian News, Regulation
Debasish Panda, Chairman,IRDAI “Like in the banking system, we have microfinance institutions, regional banks, and small finance banks. So, we have all categories of banks then there are non-banking financial companies. In the insurance sector also, we should...
by AIP Online Bureau | Nov 3, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance
Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...
