by AIP Online Bureau | Jun 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology
One of the most compelling aspects highlighted in the report is AI’s role in combating financial fraud. AI-generated insights hold the key to preventing real-time payment scams, such as the pervasive Authorized Push Payment (APP) fraud Artificial intelligence...
by AIP Online Bureau | May 29, 2024 | Indian News, Non-Life
RR Singh, CMD, Oriental Insurance Company “We have been implementing a well placed strategy to achieve profitability in Fy 24. We dropped many big loss making accounts including group medical coverages ( GMC). We had the courage to leave one health account...
by AIP Online Bureau | May 25, 2024 | Indian News, Life, Technology
Casparus J H Kromhout, MD & CEO, Shriram Life Insurance said, “These results aptly reflect the work we started a year ago by bolstering sales and aggressively expanding across rural India. 41 per cent of the total policies sold by Shriram Life Insurance are from...
by AIP Online Bureau | May 8, 2024 | Indian News, Intermediaries, Life, Non-Life, Technology
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of Rs 60.59 crore ($7.3 million) for the quarter ended March 31, against a net loss of Rs 8.95 crore a year ago New Delhi: India’s PB Fintech, the parent of...
by AIP Online Bureau | May 8, 2024 | Indian News, Life
Max Life Insurance achieved new business Margin (NBM) of 26.5% in FY24 and 28.6% in Q4FY24. The life insurer’s value of new business (VNB) of Rs 1,973 crore, grew 1% in FY24 The life insurer reported an embedded value(EV) of Rs 19,494 crore, while the operating...
