by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Policy
The move is likely to reduce the government’s future obligations and minimise risks related to gold prices. While banks paid the interest on the short-term deposits, the government paid it for the medium- and long-term ones. Banks can continue to offer...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
“The continuous push for large-scale infrastructure projects such as hydropower, dams, roads, tunnels and railways has led to the loss of thousands of hectares of pristine forests. This has increased disaster risks, vulnerability and fatalities in the...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Technology
Risk experts are increasingly using AI to crack an especially intractable challenge: modeling hailstorms, thunderstorms and tornadoes, collectively known as severe convective storms, or SCS. Insured losses from SCS events totaled $61 billion in 2024, the...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, International News
“We need to mobilize all available resources in extinguishing the fires for the remainder of the week as it is feared we will experience an unprecedented level of wildfire damage,” Acting President Han Duck-soo said in a national address. “They are breaking records as...
by AIP Online Bureau | Mar 26, 2025 | Indian News, Non-Life, Regulation, Risk Management, Technology
“In addition…, all regulated entities are required to establish a well-defined procedure/practice to ensure that the forensic auditor/s are empanelled in advance and can be onboarded to conduct forensics and root cause analysis of cyber incident/s without any...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
Amit Shah, Union Minister of Home Affairs and Co-operation To further strengthen the cooperative sector in India, Shah said, a cooperative insurance company will be set up soon that will provide insurance coverage to all cooperative societies in the country. He exuded...
by AIP Online Bureau | Mar 26, 2025 | Indian News, Life, Pension & Social Security, Technology
As per the deal, Wipro’s existing FCA-regulated entity Wipro Financial Outsourcing Services Limited (WFOSL) will deliver comprehensive life and pension administration services to Phoenix Group’s ReAssure customers Mumbai: IT services company Wipro on Wednesday (26)...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News
“GIFT City’s continued rise in the Global Financial Centres Index rankings is a reflection of India’s growing influence in global finance. “Our …ranking in reputational advantage, significant improvement in FinTech, and strong overall...
by AIP Online Bureau | Mar 26, 2025 | Indian News, Non-Life
In another important development, the association has said that the Department of Financial Services has confirmed that clause of performance linked wage negotiation that was added at the time of settlement of the last wage revision, has been deleted New Delhi: Joint...
by AIP Online Bureau | Mar 26, 2025 | Banking & Bancassurance, Briefs, Life
Federal Bank has increased equity stake in Ageas Federal Life Insurance(AFLI) by four per cent to 30 per cent. Jude Gomes, MD & CEO, Ageas Federal Life Insurance, said, “We welcome this step by Federal Bank, which reflects the continued trust and confidence in our...
