by AIP Online Bureau | Nov 25, 2022 | Indian News, Life, Non-Life, Regulation, Technology
(Lto R)Thomas M Devasia, member-Non-Life, IRDAI, B C Patnaik, MD,LIC at 14th Assocham Global Insurance Summit Thomas M Devasia, member-Non-Life, Insurance Regulatory and Development Authority of India said, “We are working on certain broad-based initiatives towards...
by AIP Online Bureau | Nov 24, 2022 | Indian News, Regulation
According to the sources close to the development, both companies have decided to part ways due to the differences on various issues like shareholders agreement, valuation, etc With the collapse of Piramal-Zurich JV, the fate of RGIC’s bidding process is...
by AIP Online Bureau | Nov 24, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
“The change in product mix is clear indicator of our efforts in maintaining our market leadership position. We hope that sooner or later the markets will value our efforts that are making the results that are visible,” said MR Kumar,chairman,LIC Mumbai:...
by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy
Creditors entangled in the meltdown of FTX, which was once one of the biggest crypto exchanges in the world, include a Frankfurt-based financial institution. It remains unclear just how much money will be generated from the wind-down of FTX, and it’s possible that...
by AIP Online Bureau | Nov 23, 2022 | International News, Non-Life, Reinsurance
Fitch forecasts broadly stable underlying profitability for the global reinsurance sector in 2023, and is maintaining its neutral fundamental sector outlook. Frankfurt/Chicago/London: Reinsurance rates for property catastrophe business should increase by well over 10%...
by AIP Online Bureau | Nov 23, 2022 | Indian News, Life, Non-Life
Following the merger, Shriram Financial Ventures (Chennai) Pvt Ltd, which was the holding company of Shriram Capital Ltd, would now become the promoter and holding company of the financial services and insurance businesses of the group Chennai: Shriram Capital Ltd,...
by AIP Online Bureau | Nov 23, 2022 | Health, Indian News, Life, Non-Life
It also proposed that there should be no variable pay to Managing Director (MD), Chief Executive Officer (CEO), Whole-Time Directors (WTD) and Key Management Persons (KMPs) for the financial year in which the actual expenses exceed the projected expenses by more than...
by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, Indian News
Starbucks said it had moved the court after it came to its notice that the defendant café was selling a beverage under the name of “Brownie Chips Frappuccino” without its permission, authorisation or licence. New Delhi: Recognising Starbuck’s right...
by AIP Online Bureau | Nov 23, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Policy
Special Chief Secretary (EFST Department) Neerabh Kumar Prasad said coastal zone disasters (cyclones), drought, adverse human health effects and depleting water resources were some of the challenges AP faced Vijayawada: The Andhra Pradesh government has created an...
by AIP Online Bureau | Nov 23, 2022 | Facts, Health
CSL Behring’s Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found. It also freed 94% of patients from time-consuming and costly infusions of Factor IX, which is currently used...
