by AIP Online Bureau | Aug 8, 2026 | Banking & Bancassurance, Indian News, Risk Management, Technology
“There is an increase in digital transaction frauds. The forensic science support is crucial for banking safety and collaboration with the National Forensic Science University (NFSU) is very crucial,” Union Home and Cooperation Minister Amit Shah said...
by AIP Online Bureau | Aug 8, 2026 | Indian News, Life
According to provisional data from the Life Insurance Council’s Detailed New Business Performance of Life Insurers for the Period ended Jul-26, group single-premium collections rose sharply to Rs 27,857.01 crore in July from Rs 21,280.53 crore a year earlier, an...
by AIP Online Bureau | Aug 7, 2026 | International News, Non-Life, Reinsurance
`We deliberately opt not to take on business where prices would not be risk-commensurate, while remaining a reliable long-term partner to our clients, even after the largest of loss events.”Christoph Jurecka,Chair of the Board of Management. German reinsurer...
by AIP Online Bureau | Aug 7, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ships sailing through the strait need to pay an additional war risk premium to ensure they have insurance if their ship is damaged during transit. “Under the clause, insurers have no liability to indemnify any such payment and, where such a payment has been made, are...
by AIP Online Bureau | Aug 7, 2026 | Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy
The strong domestic participation helped push DII ownership in the NSE-listed universe to an all-time high of 17 per cent, while FPI ownership fell to a 15-year low of 15.8 per cent.In addition, mutual funds accounted for a large part of the domestic inflows,...
by AIP Online Bureau | Aug 7, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Regulation
The Committee noted that the 18 per cent GST on insurance products has adversely affected affordability and insurance penetration.It “recommended that the Government examine GST rationalisation for health, term life, agricultural insurance and reinsurance...
by AIP Online Bureau | Aug 6, 2026 | International News, Non-Life, Reinsurance
Andreas Berger, Chief Executive Officer, Swiss Re Lower major catastrophe losses supported Swiss Re’s profits in the period, though pricing pressure across the industry is expected to continue into next year. Inflation and macro-economic uncertainty are also...
by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Once such a precedent is established, it becomes increasingly difficult to resist similar measures elsewhere, creating uncertainty for international shipping and global commerce,” wrote the group, which included the International Chamber of Shipping, BIMCO, the World...
by AIP Online Bureau | Aug 6, 2026 | Eco/Invest/Demography, Indian News, Policy, Technology
Nirmala Sitharaman,Finance Minister The government is likely to allow a levy of 0.25 per cent to 0.4 per cent as merchant discount rate (MDR) or charges on UPI payments above Rs 2,000 made to businesses, while keeping payments made by one person to another outside the...
by AIP Online Bureau | Aug 6, 2026 | Indian News, Life
R Doraiswamy, CEO & MD, LIC, said,“The numbers are good this quarter, but if you look at the growth in premium or APE, it is not as high as what you would have expected.What gives us more happiness is that our VNB has grown by 61 per cent plus and our VNB margin...
