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Here is a masonry blog layout with no sidebarIRDA proposes changes in product designs of life and pension products
Minimum death benefit has been made 7 times for regular premium products and 1.25 times for single premium products for all ages,.Non-linked policies to acquire guaranteed surrender value after 2 years, Revival period extended to 5 years from the current 2 years in respect of non-linked products,In respect of pension products, option for commutation up to 60 pension allowed,
Mental Health :Rehabilitating affected employees
Microsoft’s Digital Crime Unit busy catching cyber thugs in India
CPCB to initiate criminal prosecution for non-compliance of anti-pollution directives: Harsh Vardhan
Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources
The company’s owners, which include Temasek Holdings Pte and Khazanah Nasional Bhd., have asked banks to pitch for a role on a potential transaction, according to the people. A deal could value ACR at about $800 million, the people said, asking not to be identified because the information is private.
AIR Worldwide Develops Probabilistic Model for Global Cyber Risks
“Many insurers are challenged to understand how often various types of cyber incidents can occur and how they can affect the performance of their book. As a result, decisions on product development, underwriting, portfolio optimization, and capital allocation tend to be made with limited data, and too much weight is often put on intuition or broad assumptions. This is where probabilistic modeling can help the industry better manage cyber risk globally,” said Prashant Pai, vice president of cyber offerings at Verisk, the parent company of AIR Worldwide
Allianz Insurance Product Protects Firms Against Clean Energy Price Swings
AXA XL gets in-principle approval for Brexit move
Amitabh Kant urges judiciary for speedy resolution of commercial cases
Kant further noted the government is examining what amendment in laws are required to ensure that we are able to establish commercial courts in the lower courts so that all the commercial cases get quick clearance.
“But we are also looking at other mediums and ways to see that the cases are resolved,” he added.
’Ayushman Bharat’ benefits 112,000 people, approves Rs 1.4 billion of claims in first month
India and Bangladesh ink pacts for enhancing inland and coastal waterways connectivity
In an important understanding reached at between the two countries, the Standard Operating Procedure (SOP) for movement of passengers and cruise vessels on Inland Protocol route and coastal shipping routes have been finalised. These river cruise services are likely to commence between Kolkata – Dhaka – Guwahati – Jorhat and back.
India’s digital economy likely to cross $1 trillion by 2022, says KPMG
According to the report, the total mobile subscriber base is expected to reach 1.28 billion in FY 2022 and data consumption is expected to reach 7 GB (giga bit) per subscriber per month.The expansion will “further witness digital diversity in the online audience taking it from the current 225 million in FY18 to 550 million by FY23,” the report noted.
Kerala floods: UN report says Rs 310 billion needed to rebuild state
The highest amount would be needed for the reconstruction of roads and transportation (Rs 100.46 billion), followed by housing (Rs 54.43 billion), agriculture, fisheries and livestock (Rs 44.98 billion), employment and livelihood (Rs 38.96 billion), other infrastructure (Rs 24.46 billion), irrigation (Rs 14.83 billion) and water and sanitation (Rs 13.31 billion).
Tokio Marine Kiln stops Hong Kong operations
French reinsurer Scor posts profit in defence against Covea bid
Paris: French reinsurer Scor delivered a third quarter net profit on Wednesday, saying this helped justify its rejection of last month’s 8.2 billion euro ($9.4 billion) bid by rival Covea. “This performance bears witness to the...
Munich Re America Partners with BriteCore to Offer Personal Inland Flood Coverage in the U.S. to Insurance Carriers
“Many people don’t realize that their homeowners insurance policy typically excludes flood damage. If the property is located outside of a Special Flood Hazard Area (SFHA) or 100 year flood plain, flood risk may not even be top-of-mind for many people,” said Sanjay Mehrotra, Strategic Product Operations Manager, Munich Re America. “Partnering with BriteCore, we’ve made it easy for insurance carriers to offer a personal lines flood endorsement to their customers.”