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Here is a masonry blog layout with no sidebarEasing oil prices, recovering rupee see FPIs invest over $1 billion in November
Foreign portfolio investors (FPIs) had pulled out over Rs 21,000 crore from the capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.According to depositories data, FPIs infused Rs 3,862 crore in the equity markets during November 1-16, and Rs 4,423 crore in the debt market, taking the total to Rs 8,285 crore ($1.14 billion).
India won’t achieve 2-degree cut in global warming by 2030, says report
“This emission pathway is not compatible with a 2C scenario. India’s sectoral policies are still falling short of being consistent with the Paris Agreement, but the country’s ambitious policy on renewable electricity is a promising sign.”Particular highlights from India include its extremely ambitious 175 GW target for renewables capacity by 2022, its very high level of energy efficiency of the overall Indian economy, and new sector-specific policies such as the national cooling action plan,” it added.
Cyclone Gaja claims 45 lives, rips through Tamil Nadu coast with heavy rain
Chief Minister K Palaniswami sanctioned a solatium of Rs 1 million to the kin of those who died and Rs 25,000-Rs 100,000 for the injured.The chief minister said he has ordered officials to immediately determine the extent of loss and damage in respect of crops, fishing boats, houses, and cattle due to the cyclone
IRDAI forms panel to overhaul Motor OD product structure
Boeing defends 737 safety as first U.S. lawsuit filed over Lion Air crash
Investigators believe an erroneous sensor prompted a computerized safety system to aggressively push the jet into a dive as pilots were trying to deal with multiple malfunctions. Boeing and U.S. aviation regulators are considering whether to add a software fix to the 737 Max. Three U.S. pilots’ unions have raised concern about what they say is a lack of information provided by Boeing on the safety system
Asia’s Digital Revolution
Centre planning share sale offer of General Insurance, New India Assurance
U.S. Residential Solar Projects Turn to Output Insurance
Willis Towers Watson launches benchmarking service to help insurers improve claims handling & profitability
Tom Helm, Head of Claims Consulting at Willis Towers Watson, said: “Data and analytics have transformed many areas of the insurance industry, but it has been slower to adapt than other financial services, such as banking and retail. This is changing as the claims process in the insurance market finds itself increasingly under the spotlight, with more insurers recognising claims as an investment opportunity to help gain competitive advantage, market differentiation and increased customer loyalty.”
Max Life Insurance gross written premium grows by 17 % to Rs 5,619 cr in H1 FY 2018-19
El Nino may hit Indian Rabi Crop in Fy 2018-19:JBA Flood Model
Dr Iain Willis, JBA Risk Management Singapore Managing Director, explained “There’s currently a 70 per cent chance that the global climate will experience an El Nino warming phase from October this year into early 2019. We know that El Nino can have substantial effects on the rainfall patterns of the Indian summer monsoon. Crop simulations ran using historic climate data suggest that some major Indian rainfed crops, including Soybean and Groundnut, are particularly vulnerable to these changes during El Nino years and can be adversely affected.”
SBI Life bags RIMS first India ERM award
Draft Brexit deal ends Britain’s easy access to EU financial markets
Britain’s decision to leave the EU has undermined London’s position as the leading international finance hub. Britain’s financial services sector, the biggest source of its exports and tax revenue, has been struggling to find a way to preserve the existing flow of trading after it leaves the EU.Many top bankers fear Brexit will slowly undermine London’s position. Global banks have already reorganized some operations ahead of Britain’s departure from the European Union, due on March 29.
Global accounting body proposes one-year delay to insurance rule
“While it is good that the IASB Board has at last recognised the need to consider improvements and a delay to IFRS 17… one year is simply not enough time to both fix the problems with IFRS 17 and to give insurers enough time to implement the standard properly,” said Olav Jones, deputy director general of Insurance Europe, an industry body.
“We aspire to touch Rs 1000 cr premium mark by the end of the fiscal”
Belgian insurer Ageas acquires 40% in RSGI for $210m
T Srinivasaraghavan, Managing Director, Sundaram Finance, said “Ageas is unique in its approach of working through local partnerships and joint ventures across Asia and we believe this can create significant value for Royal Sundaram.The company has demonstrated strong growth in its chosen segments and is witnessing a rapid growth in its profitability. For the next phase of growth, we are delighted to be partnering with Ageas, whose global experience, including several Asian countries, will be an asset.”
GIC Re’s gross premium goes up by 11 % to Rs 27,117 crore, net profit falls by 28 % in H1 2018-19
Though, the agriculture portfolio, which had contributed massively to the GIC Re’s premium kitty in recent years, at Rs 11,296.62 crore had remained flat, the reinsurer, with Rs 5400 crore of fire portfolio and Rs 4439 of motor portfolio, has grown both the portfolios by 25 per cent each in H1 2018-19.
Cyber-attacks, volatile weather top risks for India Inc:Marsh-RIMS study
In fact, some 88 per cent of the survey respondents – representatives of C-suites, executives, and risk professionals across 19 industries – identified cyber-attacks as the top-most risk. This was followed by data fraud or theft (85%), volatile weather (84%), severe energy price shock (81%) and major financial failure (81%) among the other top risks for India Inc.