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Proposed Digital India Act will have huge section on online safety, trust: MoS IT
Rajeev Chandrasekhar, Minister of State Electronics and Information Technology of India According to him, India is soon going to have 1.3 billion people accessing the internet and these Digital Naagriks should approach the internet without any fear and mistrust,...
LIC’s net profit soars nearly 5-fold to Rs13,428 crore in Q4 FY 23
The Indian Embedded Value (IEV) of the corporation has been determined as Rs.5,82,243 crore as at March 31st ,2023 as compared to Rs. 5,41,492 crore as at March 31st,2022 and Rs. 5,44,291 crore as at September 30th,2022, showing a growth of 7.53 per cent y-o-y basis....
IRDA hosts 2-day international event on “Insurance and Retirement savings in Asia”
Some of the prominent speakers at the international conference include Debasish Panda, chiarman, IRDAI, Prof Yoshihiro Kawai, chair of the OECD Insurance and Private Pensions Committee, Pablo Antolin, head, insurance and Pensions Unit, Directorate for Financial and...
Market value of LIC investment in Adani stocks hits Rs 44,670 cr
The country's largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed Mumbai: Market value of investments made by...
Over 800 million people globally may suffer back pain by 2050: Lancet study
Low back pain will be the leading cause of disability in the world. If right action is not taken, low back pain can also become a precursor to chronic health conditions such as diabetes, cardiovascular disease and mental health conditions, invasive medical procedures,...
MRI scans and AI technology really could read what we’re thinking. The implications are terrifying
Breakthrough allowed researchers at the University of Texas at Austin to “read” someone’s thoughts as a continuous flow of text, based on what they were listening to, imagining or watching It raises significant concerns for privacy, freedom of thought, and even the...
Irdai to hold open house for insurtech, fintech on 15th of every month
"It is expected that the solutions/ideas would help in increasing the insurance penetration in the country," the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the insurtech...
Munich Re launches Next Gen AI-augmented underwriting solution
Munich Re also offers reinsurance on policies underwritten by these AI models as an optional service, providing insurers alignment of interest and peace of mind. To further support insurers, Munich Re can also finance the solution through reinsurance, mitigating any...
India’s GDP crossed $3.5 trillion in 2022:Moody’s
If implemented effectively, measures undertaken over the last few years – including those introduced during the pandemic to increase the flexibility of labour laws, raise agricultural sector efficiency, expand investment in infrastructure, incentivize manufacturing...
Kangra Cooperative Bank’s account with RBI loses Rs 7.79 crore in cyber fraud case
The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023 Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the...
Covid kills one person every four minutes as vaccination rates fall
A key question is how to handle a virus that’s become less threatening to most but remains wildly dangerous to a slice of the population. That slice is much bigger than many realize: Covid is still a leading killer, the third-biggest in the US last year behind heart...
How the World Health Organization could fight future pandemics
A new pact is a priority for WHO chief Tedros Adhanom Ghebreyesus who called it a “generational commitment that we will not go back to the old cycle of panic and neglect” at the U.N. agency’s annual assembly. It seeks to shore up the world’s defences against new...
AIG to sell Validus Re to Renaissance Re in near $3B deal
The deal terms include about $2.74 billion in cash and $250 million of RenaissanceRe common shares, the companies said in their statements "For AIG, (the deal) further simplifies our business model and reduces volatility in our portfolio, while generating significant...
Swiss Re exits Net Zero Insurance Alliance
The departure follows that of fellow Swiss firm Zurich Insurance Group AG, as well as Germany’s Munich Re and Hannover Re NZIA has no US members, and with the departure of Swiss Re, it has roughly 27 left, including Allianz SE, Aviva Plc and Axa SA, according to the...
SBI General launches Surety Bonds, to provide protection against breach of terms and conditions by the contractors
Anand Pejawar, whole-time director, SBI General Insurance Anand Pejawar, whole-time director, SBI General Insurance said, "We are confident that this product will serve as an effective tool for the infrastructure sector. Surety bonds offer financial security, risk...