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India and UK to collaborate on developing financial regulations

India and UK to collaborate on developing financial regulations

by AIP Online Bureau | Dec 14, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security, Policy, Regulation, Reinsurance, Technology

Participants from India and UK touched upon reforms in respective financial services sectors including capital markets, insurance & reinsurance, pensions, FinTech, sustainable finance and International Financial Services Centre GIFT City/Gujarat: The 3rd India –...

UK expands sanctions against Russian oil fleet and its insurers

by AIP Online Bureau | Dec 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The measures ban any cooperation with Moscow-based insurers AlfaStrakhovanie Plc and VSK, which are “carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector,” a statement said. Both firms...

UK employers warn tax rise will hit investment and pay

by AIP Online Bureau | Dec 1, 2024 | Eco/Invest/Demography, International News, Workplace/Employee Benefits

Prime Minister Keir Starmer and his finance minister Rachel Reeves – who say speeding up economic growth is their top priority – argue the move will allow them to spend more on public services including the National Health Service British employers have been caught...
Covid-19 continues cause excess mortality in US and UK, says Swiss Re

Covid-19 continues cause excess mortality in US and UK, says Swiss Re

by AIP Online Bureau | Sep 16, 2024 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance, Risk Management

Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...
UK’s Aviva conspired to dodge India compensation and tax rules, DGCI says

UK’s Aviva conspired to dodge India compensation and tax rules, DGCI says

by AIP Online Bureau | Aug 30, 2024 | Indian News, Life, Policy, Regulation

The case is part of broader investigation into over a dozen Indian insurers for alleged evasion of $610 million in unpaid taxes, interest and penalties. The roughly $26 million in fake invoices were used by Aviva incorrectly to claim tax credits and evade $5.2 million...
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